Old Mutual has announced that Rob Leith will join the Group Executive Committee as Director of Managed Separation, responsible for the coordinated execution of the managed separation.

He will work in partnership with the Group Finance Director, Ingrid Johnson and Group Strategy Director, Ian Gladman to deliver the new strategy.

Leith joins from a private investment company where he has been since September 2014.

Prior to that, he was Global Head of Investment Banking and Global Markets of Sberbank CIB.

He joined Sberbank CIB in January 2012 from Standard Bank, where he had served for over 20 years in the UK, latterly as Head of Group Strategic Development and Chief Executive of Global Corporate and Investment Banking.

Bruce Hemphill, Group CEO, said: "I am delighted that Rob has agreed to join the team. He brings commercial wisdom to the complex interrelated set of decisions which will be required as we execute the managed separation."

Leith added: "I am excited to join Old Mutual as it moves into this next important phase of its evolution. Old Mutual has four very strong businesses with excellent competitive positions in sizeable markets. I look forward to working with the businesses to unlock shareholder value."