Monday will be Bruce Hemphill’s last day on Nedbank's board when he will replaced by Old Mutual Ltd CEO Peter Moyo. This comes as Old Mutual Ltd prepares to list on the JSE on June 26, as London-listed Old Mutual plc's managed separation takes effect. Johannesburg-based Old Mutual Ltd is an Africa-focused financial services group that has absorbed the old Old Mutual Emerging Markets business. Old Mutual plc shareholders will receive shares in Old Mutual Ltd at the listing, as well as shares in UK wealth management firm Quilter, which will list on the LSE on 25 June. Old Mutual Ltd will unbundle the bulk of its controlling stake in Nedbank to shareholders later this year. Hemphill has overseen Old Mutual’s "managed separation" process but will not hold executive positions in either of the two soon-to-be listed companies. "Peter is a vastly experienced business leader, he is a former group CEO of Alexander Forbes and deputy MD of Old Mutual Life Assurance Company SA," Nedbank chai...
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