March 25, 2017 11:49 PM ET

Insurance

Company Overview of Old Mutual Life Assurance Company (South Africa) Limited

Company Overview

Old Mutual Life Assurance Company (South Africa) Limited provides various life assurance, savings, and retirement funding products in South Africa. It operates in two segments: Retail and Corporate. The Retail segment offers a range of wealth creation and protection products, such as life and savings, unit trusts, and healthcare and group schemes products to individual customers. The Corporate segment provides investment, savings, and risk management and administration products, as well as services to groups of individuals, such as companies, medical aid and retirement funds, and unions and public sector bodies. The company offers personal solutions, such as investments and savings; retireme...

93 Grayston Drive

Cnr of West Road South

Sandton

Johannesburg,  

South Africa

Founded in 1845

18,905 Employees

Key Executives for Old Mutual Life Assurance Company (South Africa) Limited

Chief Executive Officer and Executive Director
Age: 57
Chief Executive Officer of Omigsa
Age: 50
Deputy Chairman
Age: 64
Finance Director and Executive Director
Managing Director of African Operations
Compensation as of Fiscal Year 2016.

Old Mutual Life Assurance Company (South Africa) Limited Key Developments

Old Mutual South Africa Announces Management Changes

Old Mutual South Africa (OMSA) announced the resignation of Bongani Madikiza, Managing Director of Old Mutual's Mass Foundation Cluster (MFC), to take up a new leadership role from the beginning of next year with a subsidiary of Brimstone, one of Old Mutual's Black Business Partners. Khaya Ntozini appointed as new leader of Mass Foundation Cluster (MFC). OMSA also confirmed that Khaya Ntozini, who is the current Managing Director of Old Mutual's Personal Finance segment, will take over the leadership as the new head of MFC. With over 20 years of service at Old Mutual, Ntozini has vast business experience across Old Mutual's sales, distribution and operations functions. Karabo Morule appointed as new leader of Personal Finance segment. OMSA further announced that Karabo Morule, General Manager, Corporate Customer Solutions, is appointed as the new Managing Director of Personal Finance segment to replace Ntozini.

Old Mutual South Africa Announces Management Appointments

Old Mutual Emerging Markets has appointed Dave Macready as CEO for Old Mutual South Africa, effective May 1, 2015. Macready moves from within the wider Old Mutual group where he is currently the Group Managing Executive of Nedbank Wealth and a member of the Nedbank Group Executive Committee. After a remarkable 37 years of service Marshall Rapiya will take up a new Deputy Chair role in Old Mutual Life Assurance Company South Africa. In his new role, Rapiya will work closely with Mupita and Macready to ensure continuity, and provide strategic support to socio-economic commitments to the National Development Plan in South Africa, mentoring of executives within the Old Mutual group, and provide strategic support for the rest of Africa business, specifically East and West Africa.

Old Mutual Life Assurance Company South Africa Announces Management Changes

Ralph Mupita, CEO of Old Mutual Emerging Markets announced the appointment of Dave Macready as Chief Executive, Old Mutual South Africa effective 1 May 2015. Macready (56) moves from within the wider Old Mutual group where he is currently the Group Managing Executive of Nedbank Wealth and a member of the Nedbank Group Executive Committee. He is a seasoned executive with a solid track record in Wealth Management, Asset Management and Insurance together with the technical and leadership skills pivotal for his role at Old Mutual. Marshall Rapiya appointed to new Deputy Chair role: After a remarkable 37 years of service Marshall Rapiya will take up a new Deputy Chair role in Old Mutual Life Assurance Company South Africa, which is the larger subsidiary in Old Mutual Emerging Markets. Rapiya's legacy of success, collaboration and transformation has been recognised through the strong and consistent performance of Old Mutual's business in South Africa. In his new role, Rapiya will work closely with Mupita and Macready to ensure continuity, and provide strategic support to socio-economic commitments to the National Development Plan in South Africa, mentoring of executives within the Old Mutual group, and provide strategic support for the rest of Africa business, specifically East and West Africa.

Similar Private Companies By Industry

Company Name Region
Admiral Professional Underwriting Agency (Pty) Ltd. Middle East/Africa
Affinity Asset Management (Pty) Ltd. Middle East/Africa
African Independent Brokers (Pty) Ltd. Middle East/Africa
Agri Risk Specialists (Pty) Ltd Middle East/Africa
AIC Holding Company (Pty) Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 23, 2017
Renewables Cookhouse Wind Farm 1 (RF) (Pty) Ltd
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Old Mutual Life Assurance Company (South Africa) Limited, please visit www.oldmutual.co.za. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.