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Old Mutual Emerging Markets names new CFO

Old Mutual Emerging Markets Ltd. named Mike Ilsley CFO, replacing lain Williamson, who will take on the role of COO.

Ilsley was also appointed CFO-designate of Old Mutual Ltd., the new South African holding company that is to be listed in 2018.

Ilsley was group finance director at Alexander Forbes Ltd. from 1999 to 2007. Prior to that, he was a partner at PricewaterhouseCoopers. He has held several nonexecutive directorships of listed insurance entities since leaving Alexander Forbes, according to the Aug. 10 statement.

Old Mutual Emerging Markets is a unit of Anglo-South African financial group Old Mutual Plc.