Old Mutual Plc, which is 185 years old, has just announced it is splitting up into four independent units.
The £9.5 billion (Sh966 billion) South African financial services group that started in Cape Town will split into: Old Mutual Emerging Markets (a primarily African financial services and insurer), Old Mutual Wealth (a UK-based wealth manager), Nedbank (a South African Bank) and Old Mutual Asset Management (a US asset manager).