Old Mutual Wealth beats ambitious targets set in 2012 delivering exceptional results in 2015
Profit increased by 35% to £307 million
Net client cash flow increased by 86% to £6.9 billion
Old Mutual Wealth delivered a strong performance in 2015 outperforming the targets set in 2012 for profit, return on equity and operating margin. At that time the targets set were £300 million profit, subsequently reduced to £270 million following the sales of the European businesses and excluding Quilter Cheviot, a 12-15% return on equity and an operating margin of 40%.