Old Mutual Launches One Stop Financial Shop

June 5 - The fifth in a series of Green Zone locations was opened in Plumstead last week, as a joint venture between one of South Africa's largest insurance and investment companies, Old Mutual, and Nedbank.

The Green Zone concept aims to merge several banking, insurance and savings services all under one roof for the customer's convenience.

In the past month four other Green Zones opened up in the Western Cape, including Mutual Park in Pinelands, Tygervalley Center, N1 City Shopping Center and the Link Center in Claremont.

The Managing Director of Old Mutual SA Retail Affluent said: "The goal of the Green Zone concept is the synergies of various brands for broader customer offerings, all from the same group."

The Managing Director of Nedbank Retail, Bank Services, Clive van Horen said about the concept: "The Green Zone is part of a marketing principle of 'beneficial clustering', where brands benefit from being positioned next to one another and generate greater customer attraction."

"Old Mutual and Nedbank clients can now, with confidence, come for comprehensive financial advice and experience a one-stop-shop for all their needs," added the Plumstead Green Zone branch manager, Steve Zimri. "They can enjoy great service from experienced staff at Nedbank. The Green Zone can ensure that their wealth creation needs as well as ordinary queries are catered for."

Other Green Zone branches have been created outside the Western Cape region, starting with the flagship store in Rosebank Johannesburg, in 2007.

The Green Zone concept is part of Old Mutual's continued commitment to provide higher standards to its huge customer base, as well as its efforts to simplify sometimes-daunting financial issues that are difficult for the average man-in-the street to comprehend.