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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,565.00ZAc
19 Feb 2019
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Summary

Name Age Since Current Position

Mfundiso Njeke

61 2011 Non-Executive Independent Chairman of the Board

Hillie Meyer

59 2018 Group Chief Executive Officer, Executive Director

Jeanette Cilliers

50 2018 Deputy Chief Executive Officer, Executive Director

Louis von Zeuner

57 2016 Non-Executive Independent Deputy Chairman of the Board

Risto Ketola

43 2018 Group Finance Director, Executive Director

Thinus Alsworth-Elvey

44 2017 Chief Executive Officer, Momentum Corporate and Health

Zureida Ebrahim

41 2016 Chief Executive Officer, Client Engagement Solutions

Johann le Roux

51 2018 Chief Executive Officer of Momentum Life

Linda Mthenjane

46 2017 Chief Executive - Human Capital

Herman Schoeman

55 2017 Chief Executive Officer, Guardrisk Group and Short-term Insurance

Peter Tshiguvho

52 2017 Chief Executive Officer, Metropolitan Retail

Ashlene van der Colff

44 2018 Group Chief Operating Officer

Nontokozo Madonsela

40 2017 Group Chief Marketing Officer

Jan Lubbe

47 2013 Group Chief Risk Officer

Leon Basson

49 2018 Acting Group Company Secretary

Vuyisa Nkonyeni

49 2015 Non-Executive Non-Independent Director

Peter Cooper

62 2015 Non-Executive Independent Director

Fatima Daniels

58 2005 Non-Executive Independent Director

Stephen Jurisich

53 2016 Non-Executive Independent Director

J. D. Krige

69 2011 Non-Executive Independent Director

P. Jabu Moleketi

61 2010 Non-Executive Independent Director

Khehla Shubane

62 2010 Non-Executive Independent Director

Frans Truter

62 2010 Non-Executive Independent Director

Johan van Reenen

63 2001 Non-Executive Independent Director

Cobus Rothman

2018 Investor Relations

Biographies

Name Description

Mfundiso Njeke

Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke serves as Non-Executive Independent Chairman of the Board of MMI Holdings Limited since December 1, 2011. 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

Mr. Hillie Pieter Meyer serves as Group Chief Executive Officer, Executive Director of the Company. Hillie Meyer joined MMI on 15 February 2018. Prior to this, Hillie was the Managing Partner of Nodus Investment Managers, a niche private equity manager he co-founded in 2010. He retired as the Managing Director of the Momentum Group in 2005, a position he held for nine years. Before that, he had exposure to a wide range of actuarial and management positions in the Momentum Group which he joined in 1988. He also worked for Volkskas Pension Services (from 1985 to 1987) and Old Mutual (from 1983 to 1985).

Jeanette Cilliers

Ms. Jeanette Christina Cilliers serves as Deputy Chief Executive Officer, Executive Director 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 serves as Non-Executive Independent Deputy Chairman of the Board 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 Sekari Ketola, FIA, FASSA, CFA, serves as Group Finance Director, Executive Director of MMI Holdings Limited. He joined MMI in August 2016 to head up investor relations and business performance management. In this position, Risto was responsible for the investor relations function as well as the design, approval, monitoring, and reporting of balanced scorecards at various levels for the group. He has extensive experience as a financial services analyst and researcher with Standard Bank, Ketola Research and Deutsche Bank. As MMI's Group Finance Director, Risto is responsible for Investor Relations, Business Performance, Group Reporting, Finance Group-wide Services, Mergers and Acquisitions and Balance Sheet Management at MMI.

Thinus Alsworth-Elvey

Mr. Thinus Alsworth-Elvey started serving as Chief Executive Officer, Momentum Corporate and Health of MMI HOLDINGS LIMITED in 2017 and resigned from this position as of March 31, 2019. BCom, LLB, LLM, H Dip Tax, CFP. He has 22 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.

Zureida Ebrahim

Ms. Zureida Ebrahim, BCom, MAP, serves as Chief Executive Officer, 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.

Johann le Roux

Mr. Johann le Roux serves as Chief Executive Officer of Momentum Life of MMI Holdings Ltd. He has been Chief Executive Officer of Momentum Life at MMI Holdings Ltd. since April 2018. He was appointed to the MMI Executive committee on 1 April 2018. He has an extensive history with Momentum and MMI. He joined Momentum in 1998 as part of the corporate actuarial team, thereafter progressing into life product development and the subsequent management of Momentum’s life insurance business. He joined the Momentum Group executive committee in 2005. In the period to follow he assumed executive responsibility for Momentum’s legacy and new generation insurance and savings solutions, as well as the Momentum Group’s sales and distribution functions. He was appointed Chief Executive Officer of Momentum Retail in 2010 when MMI was created. He retired from full-time executive responsibilities in 2011, thereafter assisting MMI with a number of strategic initiatives.

Linda Mthenjane

Ms. Linda Mthenjane, serves as Chief Executive - Human Capital of the Company. Linda, who is a clinical psychologist, has over twenty years’ experience in Human Capital and brings a combination of skills which include diversity management, organisational design and development, leadership development and coaching, talent management and remuneration strategy. In her last role at FNB International, she supported businesses on the African continent and in India, giving her experience and skills in an emerging market context. Linda’s role at MMI includes leading the full Human Capital strategy across MMI and comprises of Organisational Development, HR operations and Transformation work.

Herman Schoeman

Mr. Herman Schoeman, BCom, HED, MBA, serves as Chief Executive Officer, Guardrisk Group and Short-term Insurance 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.

Peter Tshiguvho

Mr. Peter Tshiguvho serves as Chief Executive Officer, Metropolitan Retail of the Company. Peter joined Metropolitan in February 2017 as Head of Channel. He has extensive financial services distribution experience, having fulfilled various distribution related roles across both lower-income and affluent markets, both in South Africa and Rest of Africa as well as across different product segments. Prior to joining Metropolitan, Peter was with Old Mutual as the head of corporate and public worksites, prior to which head of distribution responsible for sales and distribution in countries where Old Mutual had a presence.

Ashlene van der Colff

Ms. Ashlene van der Colff, BSocSc, BCom Honours, PGDip Accounting, HDip Tax Law, CA(SA). serves as Group Chief Operating Officer of MMI Holdings Limited. She is a chartered accountant with many years’ experience in the financial services sector. She is a former partner of KPMG in the financial services division. She has also served in the capacity of trustee to a charitable organisation and curator to a life company. Prior to joining MMI in May 2016 as Chief Audit Executive, Ashlene was the divisional director of operations for the corporate division of a life company. She is a business leader and strategist with a proven track record in implementing business processes. As Group Head of Operations, Ashlene is responsible for ensuring that MMI operations and work practices are robust, effective and efficient in delivering to our clients and the business across the value chain of operations.

Nontokozo Madonsela

Ms. Nontokozo Madonsela serves as Group Chief Marketing Officer of the Company. She has over 18 years of experience in brands and marketing. She specialised in marketing and brand strategy, creative development process, delivery of brand and corporate identity and strategic execution of advertising and marketing campaigns. Nontokozo was formerly Executive Head of Marketing for Personal and Business Banking at a leading South African bank. Prior to that Nontokozo worked in the transport, telecommunications, insurance and fast moving consumer goods industries.

Jan Lubbe

Mr. Jan Lubbe, CA(SA), MBA, MCom, serves as Group 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 24 years of Financial services industry experience.

Leon Basson

Mr. Leon Basson started serving as Acting Group Company Secretary of MMI HOLDINGS LIMITED on October 1, 2018 and resigned from this position as of March 1, 2019. He is a qualified Chartered Accountant who completed his articles with PricewaterhouseCoopers. He has been with the MMI Group since 1995, fulfilling various roles in the Group Finance team, including Head of Group Financial Reporting and Chief Accountant. He was appointed as acting company secretary in October 2018.

Vuyisa Nkonyeni

Mr. Vuyisa Nkonyeni serves 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.

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 Daniels

Mrs. Fatima Daniels, BSc, CTA, CA(SA), serves as Non-Executive Independent Director of MMI Holdings Limited since March 11, 2005. 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.

Stephen Jurisich

Prof. Stephen C. Jurisich has served as Non-Executive Independent Director of MMI Holdings Limited since October 1, 2016. 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. D. Krige

Mr. J. D. (Niel) Krige serves as Non-Executive Independent Director of MMI Holdings Limited since November 22, 2011. 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. Jabu Moleketi

Mr. P. Jabu Moleketi serves 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).

Khehla Shubane

Mr. Khehla Cleopas (Khehla) Shubane serves as Non-Executive Independent Director of MMI Holdings Limited since December 1, 2010. He holds 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 serves as Non-Executive Independent Director of MMI Holdings Limited since December 1, 2010. He holds 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 serves as Non-Executive Independent Director of MMI Holdings Limited since 2001. He holds 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.

Cobus Rothman