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Old Mutual Moves Sales Operation To Georgia

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NU Online News Service, March 30, 2004, 12:14 p.m. EST – Old Mutual Financial Network, Baltimore, is moving its main sales office to Alpharetta, Ga., from Baltimore.[@@]

Most other operations will stay in Baltimore, but moving the sales office should help Old Mutual Financial get closer to its life and annuity distributors, the company says.

The company reports it also will be consolidating 2 of its 4 sales channels with the other 2 channels.

Old Mutual Financial is the parent of Fidelity and Guaranty Life Insurance Company, Baltimore, and Americom Life and Annuity Insurance Company, Kansas City, Mo. Old Mutual P.L.C., London, acquired Fidelity & Guaranty and Americom in 2001.