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With the sale of its Latin American business finalised earlier in April, Old Mutual is now set on a new path and positioned exactly where management wanted it to be when it initiated the managed separation process, says CEO Peter Moyo. Moyo, who has been at the helm for almost a year, told Business Day the company is well capitalised, having received the proceeds of the Latin American sale, but is going to focus for now on making its existing businesses more competitive.  The sale of the Latin American operations, which included Old Mutual Colombia, Old Mutual Mexico and Latin American investment adviser Aiva, was completed on April 1. The company is now left with operations in 13 African countries and a joint venture in China, Old Mutual Guodian. It still has some exposure to London but Moyo said this is “very small”. “The business is today optimally set for what we’ve always wanted,” he said. “We are in the countries where we believe we know how to manage the exposure, how...

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