Savings, investments and insurance giant Old Mutual is planning to combine two of its UK asset management businesses, Old Mutual Asset Managers UK (OMAM UK) and Skandia Investment Group, into a single business.
The theory behind the move is that it will give Old Mutual a significant asset management presence in the UK, allowing it to retain and attract talented investment managers, further develop its product range and investment solutions, and provide high quality service to its customers. The new single business will be the investment engine behind Old Mutual's Wealth Management business.
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