- Old Mutual's (OTC:OLMUY) Julian Roberts will step down as chief executive officer of Africa's largest insurer in the fourth quarter to be replaced by Standard Bank's (OTCPK:SGBLY) Bruce Hemphill.
- Since becoming CEO during the 2008 global financial crisis, Roberts has sold assets, overseen an initial public offering for the insurer's U.S. asset management business and paid down debt.