New Old Mutual chairman Patrick O'Sullivan has acquired shares in the financial services company for the first time.

O'Sullivan was appointed chairman in January this year and he was formerly vice chairman of Zurich Financial Services. Prior to that, he was finance director of Zurich and chief executive of its subsidiary Eagle Star.

O'Sullivan has invested nearly £121,000 in buying 100,000 shares at 120.83p each.

Old Mutual's operations cover savings, banking, insurance and asset management. Old Mutual has £285bn of funds under management.

Old Mutual reported a decline in profits from £595m to £247m in 2009.

Top Director Buys

Pearson (PSON)
Director name: Ms Marjorie Scardino
Amount purchased: 38,098 @ 1,024.00p
Value: £390,124

Pacific Alliance Asia Opportunity Fund Ltd. (PAX)
Director name: Mr Christopher M Gradel
Amount purchased: 191,983 @ $1.77
Value: $339,061

Pearson (PSON)
Director name: Mr Robin Freestone
Amount purchased: 18,357 @ 1,024.00p
Value: £187,976

Old Mutual (OML)
Director name: Mr Patrick O'Sullivan
Amount purchased: 100,000 @ 120.83p
Value: £120,830

Pearson (PSON)
Director name: Mr Will Ethridge
Amount purchased: 4,728 @ 1,029.10p
Value: £48,656

Ladbrokes (LAD)
Director name: Mr Darren M Shapland
Amount purchased: 25,000 @ 161.51p
Value: £40,378

Managed Support Services (MSS)
Director name: Mr Simon Beart
Amount purchased: 588,000 @ 6.80p
Value: £39,984

Alternative Invest Strategies Sterling Hedged (AIS)
Director name: Mr John Walley
Amount purchased: 31,200 @ 107.75p
Value: £33,618

XP Power (XPP)
Director name: Mr Larry Tracey
Amount purchased: 4,000 @ 564.00p
Value: £22,560

Delcam (DLC)
Director name: Mr Hugh Humphreys
Amount purchased: 7,500 @ 235.00p
Value: £17,625


Top Director Sells

Pacific Alliance Asia Opportunity Fund Ltd. (PAX)
Director name: Mr Christopher M Gradel
Amount sold: 232,472 @ $1.89
Value: $440,395

Premier Energy & Water Trust (PEW)
Director name: Mr M D Wigley
Amount sold: 5,505 @ 184.00p
Value: £10,129

Related share prices
Ladbrokes (LAD) share price
Pearson (PSON) share price
Delcam (DLC) share price
Old Mutual (OML) share price
XP Power Ltd. (DI) (XPP) share price
Premier Energy & Water Trust (PEW) share price
Alternative Investment Strategies Ltd. Sterling Hedged Shares (AIS) share price
Managed Support Services (MSS) share price
Pacific Alliance Asia Opportunity Fund Ltd (PAX) share price