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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

59 2011 Non-Executive Independent Chairman of the Board

Nicolaas Kruger

48 Group Chief Executive Officer, Executive Director

Louis von Zeuner

55 2016 Non-Executive Independent Deputy Chairman

Mary Vilakazi

38 2015 Group Finance Director, Executive Director

Thinus Alsworth-Elvey

42 2017 Chief Executive - Investments and Savings. Segment Head - UK Market

Etienne de Waal

48 2016 Chief Executive - Momentum Retail

Innocent Dutiro

52 2017 Chief Executive - Africa and India

Zureida Ebrahim

39 2016 Chief Executive - Client Engagement Solutions

Khanyi Nzukuma

45 2014 Chief Executive Officer - Metropolitan Retail

Herman Schoeman

53 Chief executive - Corporate and Public Sector and Guardrisk

Danie Botes

52 2013 Chief Operating Officer

Jan Lubbe

45 2013 Chief Risk Officer

Vuyo Lee

38 2014 Group Executive - Brand and Corporate Affairs and Transformation

Maliga Chetty

46 2013 Group Company Secretary

Peter Cooper

60 2015 Non-Executive Non-independent Director

Voyt Krzychylkiewicz

36 2016 Non-Executive Non-independent Director

Vuyisa Nkonyeni

46 2015 Non-Executive Director

Fatima Jakoet

55 2010 Non-Executive Independent Director

S. Jurisich

2016 Non-Executive Independent Director

J. Krige

67 2011 Non-Executive Independent Director

P. Jabu Moleketi

59 2010 Non-Executive Independent Director

Syd Muller

67 1994 Non-Executive Independent Director

Khehla Shubane

60 2010 Non-Executive Independent Director

Frans Truter

60 2010 Non-Executive Independent Director

Benedict van der Ross

69 2010 Non-Executive Independent Director

Johan van Reenen

61 2001 Non-Executive Independent Director

Risto Ketola

2017 IR Contact Officer

Biographies

Name Description

Mfundiso Njeke

Mr. Mfundiso Johnson Ntabankulu Njeke is an 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. He became chief financial officer of Momentum Group in 2007 and was appointed chief executive officer of Momentum 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 other directorships include Association for Savings and Investment South Africa (ASISA), MMI Group Ltd and various other subsidiary companies within the MMI Holdings group.

Louis von Zeuner

Mr. Louis Leon von Zeuner is 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 an 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. Segment Head - UK Market of the company. He has 20 years financial services experience and was the Acting Chief Executive of Metropolitan Employee Benefits at the time of the merger with Momentum in 2010. After the merger, he served as Head of Large Corporate Business in Momentum Employee Benefits with responsibility for all product functions and sales in the Large Corporate Market. In 2014, he took up the position of Chief Executive of Life Insurance for MMI, focusing on the two Retail, Corporate and International market segments. In 2016 he was appointed as Chief Executive of the Investments and Savings business, and he has overall responsibility for the UK Market Segment.

Etienne de Waal

Mr. Etienne de Waal is Chief Executive - Momentum Retail of the Company. He obtained a BComm Hons degree in Mathematical Statistics at Stellenbosch University in 1989 and qualified as an actuary through the Faculty of Actuaries in 1994. He has spent the last 20 years with Momentum, where he served in various capacities in the employee benefits and health arena. Since the formation of MMI through the merger of Metropolitan and Momentum in 2010, he has served as the CEO of Momentum Employee Benefits and of Products and Solutions. He has recently been appointed as the CEO of Momentum Retail.

Innocent Dutiro

Mr. Innocent Dutiro is Chief Executive - Africa and India of the company. He joined MMI with over twenty years of relevant experience. He was a Partner in the Johannesburg office of Bain & Company since 2012, forming part of their Global Financial Services team and heading up their Johannesburg and Africa practice. Prior to that, Innocent led the Financial Services Consulting business of Deloitte Consulting in South Africa. The appointment of Innocent contributes to MMI achieving its strategic goals in a tough and fast-changing environment and strengthens MMI’s leadership capacity.

Zureida Ebrahim

Ms. Zureida Ebrahim is Chief Executive - Client Engagement Solutions of the company. She started her career at Momentum in 2004 as the Head of Employer Services. Later, she headed up operations for the joint venture between Momentum and FNB, before taking up the role of Head: Momentum Client, where she was accountable for customer service and customer management. Her next challenge involved integrating Multiply into the Momentum client value proposition; this led to her becoming CEO of Client Engagement Solutions, which is her current role. Zureida also chaired Momentum’s Junior Board and Momentum’s first-ever innovation programme.

Khanyi Nzukuma

Mr. Khanyi Nzukuma is Chief Executive Officer - Metropolitan Retail of the company. Prior to his appointment as CEO of Metropolitan Retail, was CEO of Momentum Consult an MMI subsidiary and a brokerage that focused on end-to-end solutions for corporates and individuals. His previous role at Momentum was Managing Director for AdviceAtWork, a brokerage that specialised in Employee Benefits consulting.

Herman Schoeman

Mr. Herman Schoeman is Chief executive - Corporate and Public Sector and Guardrisk of the company. He joined Guardrisk in June 1999 as General Manager and was appointed Managing Director in August 2002. Prior to joining Guardrisk, Schoeman spent ten years at the Financial Services Board as a financial analyst for the insurance department. He has a BCom degree and an MBA from the University of Pretoria.

Danie Botes

Mr. Danie Botes is Chief Operating Officer of the Company. He is an accountant by training, and he completed his articles as an audit manager at Coopers & Lybrand before joining Momentum. He has now been with Momentum for 22 years, during which time he has established himself as an expert in business transformation and the use of information technology to achieve business results. His operational and executive responsibilities have included a period as CEO of Momentum Life, and instrumental involvement in the mergers with Southern Life, Lifegro and Sage Life. Amongst other achievements, Danie and his team created MC Solutions (Pty) Ltd, an outsourced IT company that was later sold to FNB. He was also instrumental in devising Momentum's middle market strategy.

Jan Lubbe

Mr. Jan Lubbe is Chief Risk Officer of the company. He was previously Chief Risk Officer at Barclays Africa Group. He worked at KPMG in South Africa and England, at Goldman Sachs as an Executive Director and at FirstRand as Chief Risk Officer.

Vuyo Lee

Maliga Chetty

Ms. Maliga Chetty is Group Company Secretary of the company. She is the MMI group company secretary. She has been an admitted attorney and conveyancer for over 12 years. She has extensive legal and company secretarial experience in the health and financial services sectors. Prior to joining Momentum she was employed by the South African Medical Association and Ernst & Young. She has been an employee of the MMI Group as a company secretary since 2010, and filled the role of group company secretary from September 2013.

Peter Cooper

Mr. Peter Cooper is Non-Executive Non-independent Director of the Company since November 20, 2015. He has 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.

Voyt Krzychylkiewicz

Mr. Voyt Krzychylkiewicz is Non-Executive Non-independent Director of the company. He is an investment professional who has worked in various strategy and research positions. He is now part of the executive team of the JSE listed RMI and RMB Holdings, the holding companies of many of Africa's leading financial services companies (including FirstRand, Discovery, OUTsurance, MMI Holdings) and currently sits on the boards of a number of companies covering asset management, property and lending businesses.

Vuyisa Nkonyeni

Mr. Vuyisa Nkonyeni is an 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) is Non-Executive Independent Director of the company. She is 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.

S. Jurisich

Prof. S. Jurisich is Non-Executive Independent Director of the Company. He 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.

J. Krige

Mr. J. D. Krige is an 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 an 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 is Non-Executive Independent Director of the Company. He 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. He has also worked for the Nelson Mandela Foundation as chief executive officer. He 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, The Johannesburg Roads Agency (Pty) Ltd and Nurcha (NPC).

Frans Truter

Mr. Frans J. C. Truter is an 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 an 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. He is currently an executive director of Imalivest. He has a wealth of expertise and experience in investment banking and asset management, both locally and internationally.

Risto Ketola