Old Mutual Investment Group (OMIG) has announced the resignation of its Chief Executive Officer, Diane Radley, due to personal reasons.

Radley will leave at the end of October, opting for a change in her career to spend more time with her family, while continuing to focus on her passion for growing responsible businesses. 

Radley will continue to serve on the subsidiary board of Old Mutual Real Estate Holding Company (OMREHC) in her capacity as a non-executive board member.

Dave Macready, Old Mutual South Africa CEO, said, “We want to thank Di for the invaluable contribution she has made to our business since joining us as Group Finance Director in 2008. She led the investment business for the past six years and has been highly respected and much loved for her sharp intellect, strong leadership style and caring personality."

"We look forward to her contribution and our continuing relationship during this new phase of her life,” he said. 

Radley has been the Chief Executive of Old Mutual Investment Group since January 2011. 

She occupied the position of Old Mutual South Africa Finance Director since 2008.

As a member of the Old Mutual South Africa Executive Committee, she chairs Old Mutual South Africa's Operations Committee and brings in-depth and detailed experience and knowledge of the business.

An astute and experienced business leader, she is also widely credited for streamlining Old Mutual South Africa's financial functions into an efficient and well-managed functional business entity.

Radley said that she is honoured to have been a part of the successful development of the business and the establishment of its independent boutique model, and, as such, her decision was not made lightly.

“OMIG is built on the foundation of its successful independent boutique model and the exceptional talent across the business. I am so proud of OMIG’s accomplishments - and have full confidence in the leadership team that will continue to steer OMIG forward,” she said. 

The recruitment process for a new executive is underway and Bradley Kalil, Managing Director of Old Mutual Specialised Finance (OMSFIN), will serve as acting CEO in the interim.