HNA Group to acquire Old Mutual for $445m.

HNA Group, the Chinese travel-to-financial services conglomerate, has acquired 25% in Old Mutual’s US asset management business for $445m. “We are pleased to welcome HNA Capital US as a new, supportive investor in OMAM…We look forward to working with HNA Capital US to accelerate our growth strategy.” James Ritchie, OMAM chairman.