Old Mutual plc is an international long-term savings, investment and protection company. The Company provides short-term insurance solutions in southern Africa through Mutual & Federal. The Long-Term Savings division offers life assurance, pensions and investment products and operates in southern Africa, Europe, Asia and Latin America. Its other-core operations include Nedbank Limited (Nedbank), which consists of banking and asset management; Mutual & Federal, which includes general insurance; US Asset Management, which consists of asset management, and Other, which consists of other business activities. In December 2013, Old Mutual PLC acquired majority stake in Faulu Kenya DTM LTD. In April 2014, Old Mutual PLC completed the acquisition of majority share in Faulu Microfinance Bank Limited.