The appointment of Iain Williamson as Old Mutual’s permanent CEO brings to an end a year of leadership uncertainty amid a protracted legal feud that has weighed on SA’s second-largest insurer.

The 175-year-old insurance group said on Friday it has appointed its former COO, Williamson, who was named interim CEO amid a messy legal dispute involving its former head Peter Moyo, who was axed over alleged conflict of interest relating to investment company NMT, of which Moyo is a co-founder. Old Mutual held a 20% stake. The group won its case against Moyo earlier in 2020.

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