SOUTH African financial services firm Old Mutual Plc have announced that Eric Anstee, Director and Chief Executive of Financial Services, had resigned from the board and the company. His responsibilities had been reassigned to Jim Sutcliff, present head of London-listed Old Mutual’s life businesses who will become CEO from November 1. Anstee joined Old Mutual in November 1998 in the lead up to the company’s demutualisation and listing in London, Old Mutual said in a statement. “I feel that the job I was tasked to do has substantially been completed and it is time for me to move on,” Anstee said in the statement. Analysts believe Anstee’s resignation was inevitable after he was passed over for promotion to the chief executive position. – Reuters