Old Mutual Investment Group CEO resigns

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Old Mutual South Africa (OMSA) and Old Mutual Investment Group (OMIG) today announced that Diane Radley, Chief Executive Officer of OMIG, has resigned.

Radley will leave at the end of October for personal reasons, opting for a change in her career to spend more time with her family, while continuing to focus on her passion for growing responsible businesses.

OMSA CEO Dave Macready said, “We want to thank Di for the invaluable contribution she has made to our business since joining us as Group Finance Director in 2008. She led the investment business for the past six years and has been highly respected and much loved for her sharp intellect, strong leadership style and caring personality. We are delighted that Di will continue to serve on the subsidiary board of Old Mutual Real Estate Holding Company (OMREHC) in her capacity as a non-executive board member, and we look forward to her contribution and our continuing relationship during this new phase of her life.”

Radley said that she is honoured to have been a part of the successful development of the business and the establishment of its independent boutique model, and, as such, her decision was not made lightly. “OMIG is built on the foundation of its successful independent boutique model and the exceptional talent across the business. I am so proud of OMIG’s accomplishments – and have full confidence in the leadership team that will continue to steer OMIG forward,” she said.

The recruitment process for a new executive is underway and Bradley Kalil, Managing Director of Old Mutual Specialised Finance (OMSFIN), will serve as acting CEO in the interim.