The Welsh are subject to stereotyping on films and TV. When they aren’t playing rugby (and sometimes even when they are) they are said to combine charm with shiftiness.So I was concerned when Old Mutual Investment Group boss Diane Radley appointed Welsh wizard Hywel George as head of investments. Radley, who stepped down two weeks ago, proved to be an excellent delegator and, after George’s appointment, effectively became a constitutional monarch, giving the opening speeches at conferences and cutting ribbons.George was not given the whole empire, just the listed-market businesses. In fact, the business in which Old Mutual is streets ahead of its competitors in SA is in alternatives, which still report to Paul Boynton.This has a healthy R25bn in infrastructure, R21bn in private equity and R12bn in impact funds such as schools and affordable housing. But George has enough to do overseeing the equity, multiasset and quantitative shops, as well as debt house Futuregrowth — the enfant t...
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