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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Mfundiso Njeke

58 2011 Non-Executive Independent Chairman of the Board

Nicolaas Kruger

47 Group Chief Executive Officer, Executive Director

Louis von Zeuner

2016 Non-Executive Independent Deputy Chairman

Mary Vilakazi

37 2015 Group Finance Director, Executive Director

Thinus Alsworth-Elvey

2016 Chief Executive - Investments and Savings Centre of Excellence

Etienne de Waal

47 2016 Chief Executive - Momentum Retail

Innocent Dutiro

2016 Chief Executive - International

Zureida Ebrahim

2016 Chief Executive - Client Engagement Solutions

Khanyi Nzukuma

44 2014 Chief Executive Officer - Metropolitan Retail

Herman Schoeman

52 Chief executive - Corporate and Public Sector

Danie Botes

51 2013 Chief Operating Officer

Jan Lubbe

44 2013 Chief Risk Officer

Vuyo Lee

37 2014 Group Executive - Brand and Corporate Affairs and Transformation

Maliga Chetty

45 2013 Group Company Secretary

Peter Cooper

2015 Non-Executive Director

S. Jurisich

2016 Non-Executive Director

W. Krzychylkiewicz

2016 Non-Executive Director

Vuyisa Nkonyeni

47 2015 Non-Executive Director

Fatima Jakoet

55 2010 Non-Executive Independent Director

J. Krige

66 2011 Non-Executive Independent Director

P. Jabu Moleketi

58 2010 Non-Executive Independent Director

Syd Muller

66 2010 Non-Executive Independent Director

Khehla Shubane

59 2010 Non-Executive Independent Director

Frans Truter

59 2010 Non-Executive Independent Director

Benedict van der Ross

69 2010 Non-Executive Independent Director

Johan van Reenen

60 2001 Non-Executive Independent Director

Natalie Amos

IR Contact Officer

Biographies

Name Description

Mfundiso Njeke

Mr. Mfundiso Johnson Ntabankulu Njeke is Non-Executive Independent Chairman of the Board of the Company . He resigned as Independent Non-Executive Deputy Chairman of the Board of the Company effective 22 November 2011. A chartered accountant, spent six years as audit partner at PricewaterhouseCoopers prior to his appointment as managing director of Kagiso Trust Investments on 1 June 1994. He remained in this position, serving on various boards in the Kagiso group, until his resignation on 30 June 2010. He is presently the chairman of Silver Unicorn Trading 33 (Pty) Ltd. He serves on the boards of Adcorp Holdings Ltd, ArcelorMittal (SA), Barloworld Ltd, Resilient Property Income Fund, MTN Group Ltd, Sasol Ltd and the Council of the University of Johannesburg.

Nicolaas Kruger

Mr. Nicolaas A. S. Kruger is Group Chief Executive Officer, Executive Director of the Company. He started his career at Momentum as an actuarial assistant in July 1991. He was appointed as chief actuary of Momentum in 1997 and held this statutory role for 10 years up to the beginning of 2007. He was divisional chief executive officer of the employee benefits and health business in 2005 and 2006. Nicolaas became chief financial officer of Momentum Group in 2007 and was appointed chief executive officer of the group in January 2009. In December 2010 he was appointed group chief executive officer of MMI Holdings, following the merger between Metropolitan and Momentum. His directorships include: Metropolitan Life, Momentum Group, Association for Savings and Investment South Africa (ASISA) and various other subsidiary companies within the MMI group.

Louis von Zeuner

Mr. Louis Leon von Zeuner has served as Non-Executive Independent Deputy Chairman of MMI Holdings Limited since December 1, 2016. He served as Non-Executive Independent Director of the Company between January 1, 2014 and December 1, 2016. He completed 32 years service at ABSA and served as Deputy Group Chief Executive from 2009 until December 31, 2012. He has extensive business experience, including experience in audit, risk and capital matters, particularly in the financial sector. He currently serves on the Boards of Telkom, Edcon, Eqstra, Afgri, Cricket South Africa and Afrikaanse Handelsinstituut. He holds a Bachelors degree in Economics from Stellenbosch University.

Mary Vilakazi

Ms. Mary Vilakazi is Group Finance Director, Executive Director of the Company. She started serving as Chief executive - Balance sheet management within the Company on May 1, 2015. She is the chief financial officer of the Mineral Services (MS) Group, where she is also a director of some of the group subsidiaries. She serves as the CEO of the Zenzele Development Trust, a trust founded by the group. Mary was previously an audit partner at PricewaterhouseCoopers. She is a member of the Council of the SA Institute of Chartered Accountants (Southern Region). At present she serves on the minister of finance’s long-term insurance advisory committee as well as on the audit committee of the Council of Conciliation, Mediation and Arbitration (CCMA). Mary's association with MMI started when she was a partner at PwC responsible for the Metropolitan audit. She then served as a non-executive director of Metropolitan and subsequently non-executive director of MMI where she was a member of the Audit and Actuarial Committees. In May 2014 Mary became a MMI executive by virtue of her appointment as the CEO of Balance Sheet Management. In September 2014 she was appointed MMI´s Chief Financial Officer.

Thinus Alsworth-Elvey

Mr. Thinus Alsworth-Elvey is Chief Executive - Investments and Savings Centre of Excellence of the Company. He represents the UK business at the MMI Exco.

Etienne de Waal

Mr. Etienne de Waal is Chief Executive - Momentum Retail of the Company. He is Responsible for providing group risk, income protection and continuation products, asset structuring, liabilitydriven asset solutions and pension fund administration through a combination of the Metropolitan and Momentum employee benefits businesses.

Innocent Dutiro

Zureida Ebrahim

Khanyi Nzukuma

Herman Schoeman

Danie Botes

Mr. Danie Botes is Chief Operating Officer of the Company. He is responsible for all aspects of the integration process of Metropolitan and Momentum across divisions. Considering the essential role of information technology in the integration, the chief technology officer, whose responsibilities include general services and infrastructure support, reports to the chief integration and operations officer. In addition, he oversees human resources operations.

Jan Lubbe

Vuyo Lee

Maliga Chetty

Peter Cooper

Mr. Peter Cooper is Non-Executive Director of the Company since November 20, 2015. Mr Cooper, a qualified Chartered Accountant, previously served as the Chief Executive Officer and Financial Director of RMB Holdings Limited RMH) and, subsequently, Rand Merchant Insurance Holdings Ltd (RMI), until 2014. He is currently a non-executive director of RMH, RMI, RMB Structured Insurance, OUTsurance and Imperial Holdings, and an alternate director of Firstrand.

S. Jurisich

Prof. S. Jurisich is the Non-Executive Director of the Company. Prof. Jurisich is a Professor and Director of Actuarial Studies at the University of Witwatersrand. He is currently serving as a non-executive director on the Board of MMI Group Limited and is the Chairman of the MMI Actuarial Committee. He is a Fellow of the Faculty of Actuaries in Edinburgh and Fellow of the Actuarial Society of SA. He has a wealth of actuarial experience, including previously being a director and consulting actuary at Quindiem Consulting, an executive committee member at Swiss Re Life Health as well as being a member of various industry and actuarial professional bodies.

W. Krzychylkiewicz

Vuyisa Nkonyeni

Mr. Vuyisa Nkonyeni is Non-Executive Director of the Company. He has more than 15 years’ experience in investment banking and private equity. He is a chartered accountant, having served his training contract with PricewaterhouseCoopers. Subsequent to his training, which he completed in 1996, he joined Deutsche Bank in 1997 where he gained investment banking experience over a four year period, primarily in corporate and project finance advisory work. He also served as the financial director of Worldwide African Investment Holdings Proprietary Limited and director at Actis LLP, where he was part of a team of three investment professionals responsible for the black economic empowerment funding unit, known as the Actis Africa Indigenous Fund. Vuyisa was appointed chief executive officer of Kagiso Tiso Holdings in January 2012.

Fatima Jakoet

Ms. Fatima Jakoet, BSc, CA(SA) serves as Non-Executive Independent Director of the company. Ms. Jakoet currently conducts her own business consulting practice. She was formerly general manager at both Denel and Eskom. Fatima has previously served on the Metropolitan board (May 1996 to November 2001). She currently serves as director of the SA Reserve Bank Group, MTN Group (West Africa Region), Impala Platinum, NewClicks Holdings, Tongaat Hulett, Metropolitan Health, Qualsa Healthcare, Metropolitan International and Metropolitan Life.

J. Krige

Mr. J. D. Krige is Non-Executive Independent Director of the Company. He has 30 years’ experience in the life insurance and asset management industries. He was managing director of Momentum Life between 1988 and 1994, deputy chairman of the Momentum Group between 1995 and 2003 and chairman of the Life Offices’ Association of South Africa in 2001 and 2002. His current positions include: associate professor, University of Stellenbosch; programme director, post-graduate diploma in financial planning, University of Stellenbosch; director, Momentum Investments; director, Metropolitan Retail; chairman, Board of Trustees and Denel Retirement Fund; member of international advisory board of Brandes Institute, San Diego, USA.

P. Jabu Moleketi

Mr. P. Jabu Moleketi is Non-Executive Independent Director of the Company. He was the deputy minister of finance (2004 - 2008) and a founding member of BlueIQ, which included the Gautrain project. In 2004 he was appointed chairman of the Public Investment Corporation and served for four years. He was the alternate governor of the IMF representing RSA from 2004 to 2008 and also the former chairman of the finance and procurement committee of the board of directors of the 2010 FIFA World Cup local organising committee. Jabu is currently a non-executive chairman of Harith Fund Managers, Brait and the Development Bank of Southern Africa (DBSA). He is also a director of several JSE-listed companies.

Syd Muller

Mr. Syd A. Muller serves as Non-Executive Independent Director of the Company. Mr. Muller was formerly the Chairman of Woolworths Holdings and a director of other companies in the Wooltru group. He is chairman of Metropolitan Card Operations, serves on the board of Metropolitan International and on the audit and investment subcommittees of Metropolitan Holdings. He is also active on the boards of a number of private companies.

Khehla Shubane

Mr. Khehla Cleopas Shubane is Non-Executive Independent Director of the Company. He is currently an independent policy analyst and consultant. He was employed at the BusinessMap Foundation, a monitoring and research organisation focusing on black economic empowerment (BEE). He has also worked for the Nelson Mandela Foundation as chief executive officer. Khehla was a member of the Soweto Civic Association, a body that represented the local community in opposition to the then official local government institutions. He is currently a director of RMB Holdings Ltd, RMI Holdings Ltd, Endress & Hausser, Sangonet (section 21 company), The Johannesburg Roads Agency and Nurcha (section 21 company).

Frans Truter

Mr. Frans J. C. Truter is Non-Executive Independent Director of the Company. He was an associate director at Deloitte and also worked at the SA Reserve Bank. He joined Momentum in 1988 as chief financial officer and was involved with the transactions to acquire Lifegro (1988), Southern Life (1998), Sage (2004) and Sovereign Health (2005). He has also served as executive director of strategic investments at Momentum. Frans resigned as a Momentum Group executive in 2007. He is currently involved in certain private equity investments and serves as a nonexecutive director on the boards of a number of companies.

Benedict van der Ross

Mr. Benedict James van Der Ross is Non-Executive Independent Director of the Company. He was admitted to the Cape Side Bar as an attorney and conveyancer and practised for his own account for 16 years. He became an executive director with the Urban Foundation for five years up to 1990 and thereafter of the Independent Development Trust, where he was deputy chief executive officer from 1995 to 1998. He acted as chief executive officer of the South African Rail Commuter Corporation from 2001 to 2003 and as chief executive officer of Business South Africa from 2003 to 2004. He served on the board of The Southern Life Association from 1986 until the formation of the FirstRand Group in 1998. He is currently a director of FirstRand Group, Strategic Real Estate Management (Proprietary) Ltd, Distell Group Ltd, Lewis Group Ltd, Naspers Ltd and Pick n Pay Stores Ltd.

Johan van Reenen

Mr. Johan C. van Reenen MBA is Non-Executive Independent Director of the Company. Currently executive director of Imalivest, Johan has experience in investment banking and asset management, both locally and internationally.

Natalie Amos