LONDON, March 5, 2001 (PRIMEZONE) -- One of the United Kingdom's largest private client investment managers, Gerrard, has appointed a new Chief Financial Officer. Peter Meyer took up this post earlier this year.

Gerrard is the new name adopted by the firm formed from the merger of Capel Cure Sharp and Greig Middleton, which are both owned by Old Mutual plc. It has around 21 billion pounds funds under management and employs 1,800 staff in 31 offices throughout the United Kingdom.

Peter Meyer was previously the Director responsible for Finance and Administration for the Schroder Investment Management group of companies, having spent ten years working in senior posts within Schroders' Finance department.

Peter will be a member of Gerrard's Executive Board and report directly to Gerrard's Chief Executive, Clive Boothman.

Clive commented: "I am delighted to have Peter on board. Keen and effective management of our financial affairs is central to creating and maintaining confidence among our clients and providing peace of mind to our parent company, Old Mutual. Peter will be able to achieve both these aims for us in his new role, and Gerrard's Executives are looking forward to working with him."

Note to Editors: http://reports.huginonline.com/811199/87452.doc

Gerrard
Annette Wrigley, Head of Corporate Communications
44 020 7002 4512