UAP Old Mutual Group has rebranded to Old Mutual.
The rebranding has already taken place in both Kenya and Rwanda with the exercise in Uganda, South Sudan, and Tanzania set to be completed in 2023.
“Merging and streamlining two strong, proud companies was a difficult task. UAP Old Mutual can assume its powerful new simple identity: Old Mutual Kenya” said Iain Williamson, Old Mutual Ltd CEO.
The group says the change signifies the company’s confidence in its future in Kenya as well as its readiness to unlock more opportunities and more value for its customers, communities, and other stakeholders.
Old Mutual Kenya CEO, Arthur Oginga said the group will now be positioned to build its long-term savings, protection, investment, and lending businesses.
“East Africa is growing as a regional investment and business hub, with this growth comes new opportunities for Alternative Investments, innovation, and expansion, and as Old Mutual Kenya we are ready to partner with Kenyan customers, communities and stakeholders to ensure we harness this potential,” said Oginga.
The group will harness its African footprint to provide pooled cover for multinationals, product innovation and leveraging integrated financial services to realise economic growth.
Old Mutual has been operating in Kenya for more than 100 years.
It acquired a controlling stake in Faulu Microfinance Bank in 2014. In 2015, subsequently acquired a stake in UAP Holdings PLC unifying the companies as UAP Old Mutual Group.