Nationwide Mutual Insurance and its Nationwide Financial Services subsidiary are considering selling another subsidiary, Gartmore Global Investments, which has $25 billion under management, as well as its institutional asset management businesses.

Nationwide Mutual sold the U.K.-based arm of its investment management business in September. At the same time, Nationwide Financial is considering developing a mutual fund platform.

Nationwide Mutual has retained Goldman Sachs as its financial advisor, while Nationwide Financial has retained Credit Suisse.

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