The demerger of Old Mutual Wealth from parent could involve thesale of shares through an IPO, Reuters reported Oct. 12, citing an Old Mutualspokesman.

Old Mutual Plc is planning a "managed separation"of its business into four main entities: Old Mutual Emerging Markets,Nedbank Group Ltd.,OM Asset Managementplc and Old Mutual Wealth. Old Mutual Wealth suffered a drop in netclient cash flows to £900 million in the third quarter, from £2.3 billion ayear ago, the company said.