GLOBAL - Old Mutual (OM) is looking to expand its fund management operations in the US and South Africa, despite seeing group profits fall £856m in 2001, a fall it attributes to both poor market conditions and the weakness of the Rand.
Despite the poor result for 2001 Jim Sutcliffe, Old Mutual’s group chief executive, was upbeat in claiming the firm is “well positioned for the future”, following its acquisitions and the reorganis...
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