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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,697.00ZAc
14 Dec 2018
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Summary

Name Age Since Current Position

Mfundiso Njeke

60 2011 Non-Executive Independent Chairman

Hillie Meyer

2018 Chief Executive Officer, Executive Director

Jeanette Marais

2018 Second Deputy Chief Executive Officer

Louis von Zeuner

56 2016 Non-Executive Independent Deputy Chairman

Risto Ketola

42 2018 Chief Financial Officer, Group's Finance Director, Executive Director

Thinus Alsworth-Elvey

43 2017 Chief Executive - Corporate and Public Sector, UK and Momentum Investments

Innocent Dutiro

54 2016 Chief Executive - International

Zureida Ebrahim

40 2016 Chief Executive - Client Engagement Solutions

Khanyi Nzukuma

46 2017 Chief Executive - Momentum Retail and Acting Chief Executive - Metropolitan Retail

Herman Schoeman

54 2017 Chief Executive - Short-term Insurance and Guardrisk Group

Jan Lubbe

46 2013 Chief Risk Officer

Linda Mthenjane

45 Group Executive Human Capital and Transformation

Ashlene van der Colff

43 2017 Group Head - Operations

Leon Basson

48 2018 Acting Group Company Secretary

Vuyisa Nkonyeni

49 2015 Non-Executive Non-Independent Director

J. Cilliers

2018 Non-Executive Independent Director

Peter Cooper

61 2015 Non-Executive Independent Director

Fatima Jakoet

57 2005 Non-Executive Independent Director

Stephen Jurisich

52 2016 Non-Executive Independent Director

J. Krige

68 2011 Non-Executive Independent Director

P. Moleketi

61 2010 Non-Executive Independent Director

Khehla Shubane

61 2010 Non-Executive Independent Director

Frans Truter

62 2010 Non-Executive Independent Director

Johan van Reenen

62 2001 Non-Executive Independent Director

Biographies

Name Description

Mfundiso Njeke

Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke has served as Non-Executive Independent Chairman of MMI Holdings Limited since December 1, 201. BCom, BCompt (Hons), CA (SA), HDip Tax. He was Independent Non-Executive Deputy Chairman of the Board of the Company between January 26, 2010 and December 1, 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. Chairman of the Nominating Committee of the Company. Within the Company, he also served as Acting Non-Independent Non-Executive Group Chairman of the Board between March 17, 2009 and January 26, 2010, Non-Executive Director between June 1, 2007 and March 17, 2009, Acting Non-Executive Group Chairman of the Board between May 30, 2006 and June 1, 2007, and as Non-Executive Director between July 1, 2004 and May 30, 2006. He holds a Bachelors degree from University of South Africa - UNISA, and a Bachelors degree from University of Fort Hare.

Hillie Meyer

Jeanette Marais

Ms. Jeanette Marais has been appointed as Second Deputy Chief Executive Officer of the company effective 1 March 2018. Jeanette was previously an executive director at Allan Gray and brings extensive knowledge of intermediary distribution and operational aspects in retail asset management. Jeanette started her career at Momentum in the early 1990s. She will be responsible for the Momentum Investments centre of excellence, as well as certain marketing and distribution activities in the 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. Louis 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. He has been Member of the Audit Committee of the Company since January 1, 2014, and has been Member of the Nominating Committee of the Company since September 1, 2014.

Risto Ketola

Mr. Risto Ketola has served as Chief Financial Officer, Group's Finance Director, Executive Director of MMI Holdings Limited since November 26, 2018. FIA, FASSA, CFA. He was Chief Financial Officer, Group's Finance Director of the Company between January 16, 2018 and November 26, 2018. He was Group Chief Financial Officer of the Company between June 22, 2017 and January 16, 2018. He was Investor Relations and Business Performance Executive, IR Contact Officer of the Company between 2017 and June 22, 2017. Risto takes executive accountability for investor relations, performance management, group reporting, certain group-wide services, merger & acquisitions, and balance sheet management. He has 19 years of Financial services industry experience.

Thinus Alsworth-Elvey

Mr. Thinus Alsworth-Elvey, BCom, LLB, LLM, H Dip Tax, CFP, serves as Chief Executive - Corporate and Public Sector, UK and Momentum Investments of the company. He has 21 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.

Innocent Dutiro

Mr. Innocent Dutiro, BSc Honours , MSc, MBA, serves as Chief Executive - International 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. He has 18 years of Financial services industry experience.

Zureida Ebrahim

Ms. Zureida Ebrahim, BCom, MAP, serves as 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. She has 18 years of Financial services industry experience.

Khanyi Nzukuma

Mr. Khanyi Nzukuma, BA, MBA, Ph.D., serves as Chief Executive - Momentum Retail and Acting Chief Executive - Metropolitan Retail of MMI Holdings Limited since June 22, 2017. He served as Chief Executive Officer - Metropolitan Retail of the Company between January 2014 and June 22, 2017. 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 specialized in Employee Benefits consulting. He has 19 years of Financial services industry experience.

Herman Schoeman

Mr. Herman Schoeman, BCom, HED, MBA, serves as Chief Executive - Short-term Insurance and Guardrisk Group 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. He has 27 years of Financial services industry experience.

Jan Lubbe

Mr. Jan Lubbe, CA(SA), MBA, MCom, serves as 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. He has 23 years of Financial services industry experience.

Linda Mthenjane

Ms. Linda Mthenjane, BA (Honours in Psychology), Masters of Arts (Clinical Psychology), Group Executive Human Capital and Transformation of the Company. She has 19 years of Financial services industry experience.

Ashlene van der Colff

Ms. Ashlene van der Colff, BSocSc, BCom Honours, PGDip Accounting, HDip Tax Law, CA(SA). serves as Group Head of Operations of MMI Holdings Limited since June 22, 2017. She was Group Chief Internal Audit Executive of the Company until June 22, 2017. Ashlene has a proven track record in implementing business processes and takes responsibility to ensure that MMI operations and work practices are robust, effective, and efficient. She has been 15 years of Financial services industry experience.

Leon Basson

Vuyisa Nkonyeni

Mr. Vuyisa Nkonyeni has served as Non-Executive Non-Independent Director of MMI Holdings Limited since 2015. He was Non-Executive Independent Director of the Company between November 22, 2011 and 2015. 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. He holds a Bachelor of Science degree in Computer Science from Rhodes University. He has served as Chairman of the Investments Committee of the Company since December 3, 2018.

J. Cilliers

Peter Cooper

Mr. Peter Cooper, CA(SA), BCom (Hons), HDip Tax Law, serves as Non-Executive 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.

Fatima Jakoet

Mrs. Fatima Jakoet has served as Non-Executive Independent Director of MMI Holdings Limited since March 11, 2005. BSc, CA (SA). 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. She holds a degree from University of Cape Town, and a Bachelor of Science degree from University of Cape Town. She was Member of the Nominating Committee of the Company until September 1, 2014. She is Member of the Audit Committee of the Company.

Stephen Jurisich

Prof. Stephen C. Jurisich has served as Non-Executive Independent Director of MMI Holdings Limited since October 1, 2016. BSc (Hons), FASSA, FFA. 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. (Niel) Krige has served as Non-Executive Independent Director of MMI Holdings Limited since November 22, 2011. MCom, FIA (London), AMP (Harvard University). 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; program 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. Moleketi

Mr. P. Jabu Moleketi has served as Non-Executive Independent Director of MMI Holdings Limited since December 1, 2010. 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 organizing 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. He holds AMP (Harvard University), MSc in financial economics (University of London), postgraduate diploma in economic principles (University of London). He has served as Member of the Remuneration Committee of the Company since November 25, 2014. He is Member of the Social Committee of the Company.

Khehla Shubane

Mr. Khehla Cleopas (Khehla) Shubane has served as Non-Executive Independent Director of MMI Holdings Limited since December 1, 2010. Degree from University of the Witwatersrand. He is an independent policy analyst and consultant. He was employed at the BusinessMap Foundation, a monitoring and research organization 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). He was Member of the Social, Ethics and Transformation Committee of the Company until November 26, 2018. He has been Chairman of the Social, Ethics and Transformation Committee of the Company since November 26, 2018.

Frans Truter

Mr. Frans Johannes Christiaan Truter has served as Non-Executive Independent Director of MMI Holdings Limited since December 1, 2010. BCom (Hons), CA (SA), AMP (University of Oxford), 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. He was Member of the Remuneration Committee of the Company until March 29, 2018. Frans is Chairman of the Audit Committee, and Member of the Nominating Committee of the Company.

Johan van Reenen

Mr. Johan C. van Reenen has served as Non-Executive Independent Director of MMI Holdings Limited since 2001. BSc (Hons) Geochemistry from University of the Free State, MBA from Universiteit Stellenbosch. 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. He is Member of the Remuneration Committee of the Company.