South Africa-based long-term savings, protection and investment group Old Mutual has appointed Ian Gladman as Group Strategy Director in a move to strengthen the capacity of its executive team.

Gladman assumes responsibility for group strategy from Don Hope, who is likely to retire from the group later in 2012.

Until his retirement, Don will remain on the executive committee, as Chairman of the Group’s Bermudan business and on the Board of Nedbank.

Prior to Old Mutual, Gladman had 16 years of experience as a head of corporate finance at UBS Investment Bank South Africa andalso served as a co-head of financial institutions, covering a range of UK and European insurance companies, banks and asset managers.

Old Mutual, founded in1845, provides life assurance, asset management, banking and general insurance to more than 15m customers in Europe, the Americas, Africa and Asia.