joining me in the studio is old mutual ceo bruce hemphill.rity, you are talking about separating the business into four units. what does that exactly mean as far as old mutual is concerned? will old mutual exist by the and of the process? ruse: we put out a statement where we said the group in its current form will cease to exist once the separation has been affected. shareholderso give greater value. the group has been trading at a significant discount. we believe this will unlock the discount. do the names cease to exist? will there be anything called old mutual? ce: it is too soon to say, but i think it would be crazy to rid of the name, particularly in the south african market. anna: do you see it being sold off? it is too early to say. we have made a fundamental strategic call which is the structure as we currently have cease to exist in time. that will unlock a value for shareholders. there are obviously a huge number of stakeholders involved in this. shareholders, bondholders, regulators. we need to go into a process of engagement to e