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Old Mutual Investment Group Namibia (OMIGNAM) started its asset management business in 1997 as an investment division of Old Mutual Life Namibia, before it was restructured in March 1998 to become known as Old Mutual Asset Management (OMAM). OMAM has since changed its name to what it is now known as - Old Mutual Investment Group Namibia (OMIGNAM).
During 2004, the Old Mutual Managing Infrastructure Development in Namibia (MIDINA) Fund was launched as part of OMIGNAM’s alternative investment offering. This has in return, resulted in OMIGNAM expanding its infrastructure investments throughout Namibia.
OMIGNAM operates from Windhoek. It is the largest asset manager in the country and is responsible for delivering sustainable, long-term investment returns to institutional, corporate and retail clients, through its specialist team of 17 professionals. Assets under OMIGNAM management stand at N$30 billion.