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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,951.00ZAc
19 Jun 2019
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Summary

Name Age Since Current Position

Mfundiso Njeke

61 2011 Independent Non-Executive Chairman of the Board

Hillie Meyer

59 2018 Group Chief Executive Officer, Executive Director

Jeanette Cilliers

50 2018 Deputy Chief Executive Officer, Executive Director

Risto Ketola

43 2018 Group Finance Director, Executive Director

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

Lisa Chiume

2019 Non-Executive Director

Vuyisa Nkonyeni

49 2015 Non-Independent Non-Executive Director

Peter Cooper

62 2015 Independent Non-Executive Director

Fatima Daniels

58 2005 Independent Non-Executive Director

Linda de Beer

49 2019 Independent Non-Executive Director

Stephen Jurisich

53 2016 Independent Non-Executive Director

J. Krige

69 2011 Independent Non-Executive Director

Sharron McPherson

2019 Independent Non-Executive Director

P. Moleketi

61 2010 Independent Non-Executive Director

M. Moloko

54 2019 Independent Non-Executive Director

Khehla Shubane

62 2010 Independent Non-Executive Director

Frans Truter

62 2010 Independent Non-Executive Director

Johan van Reenen

63 2001 Independent Non-Executive Director

Cobus Rothman

2018 Investor Relations

Biographies

Name Description

Mfundiso Njeke

Mr. Mfundiso Johnson Ntabankulu (JJ) Njeke has served as Independent Non-Executive 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. He is Chairman of the Nominations Committee of the Company.

Hillie Meyer

Mr. Hillie Pieter Meyer has served as Group Chief Executive Officer, Executive Director of MMI HOLDINGS LIMITED since February 15, 2018. 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). He is Member of the Risk, Capital and Compliance Committee of the Company. He has been Member of the Social, Ethics and Transformation Committee of the Company since February 15, 2018.

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.

Risto Ketola

Mr. Risto Sekari Ketola has served as Group Finance Director, Executive Director of MMI Holdings Limited since January 16, 2018. FIA, FASSA, CFA. 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. He was Group Chief Financial Officer of the Company between June 22, 2017 and January 16, 2018, and Investor Relations and Business Performance Executive of the Company between August 2016 and June 22, 2017. He is Member of the Actuarial Committee of the Company. He has served as Member of the Investments Committee of the Company since March 1, 2019.

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.

Lisa Chiume

Ms. Lisa M. Chiume has served as Non-Executive Director of MMI HOLDINGS LIMITED since March 1, 2019. Ms. Chiume is a senior investment executive at Rand Merchant Investment Holdings ("RMIH") and RMB Holdings Limited. As portfolio manager, she is responsible for a number of the key RMI investments. She is also co-portfolio manager for AlphaCode (RMI´s fintech and next generation financial services incubator), and she has primary responsibility for RMI´s enterprise development program to identity, partner and grow black financial services businesses. Prior to RMI, Ms Chiume was employed by Deutsche Bank South Africa as Director, Country Coverage and Investment Banking. She has served as Member of the Audit Committee of the Company since March 1, 2019. She has been Member of the Fair Practices Committee of the Company since March 1, 2019. She has been Member of the Investments Committee of the Company since March 1, 2019.

Vuyisa Nkonyeni

Mr. Vuyisa Nkonyeni has served as Non-Independent Non-Executive Director of MMI Holdings Limited since 2015. He was Independent Non-Executive 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. He is Member of the Risk, Capital and Compliance Committee of the Company.

Peter Cooper

Mr. Peter Cooper has served as Independent Non-Executive Director of MMI HOLDINGS LIMITED since November 20, 2015. CA(SA), BCom (Hons), HDip Tax Law, 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. He is Member of the Risk, Capital and Compliance Committee of the Company. He has been Member of the Nominations Committee of the Company since October 1, 2016. He is Member of the Investments Committee of the Company.

Fatima Daniels

Ms. Fatima (Jakoet) Daniels has served as Independent Non-Executive Director of MMI HOLDINGS LIMITED since March 11, 2005. BSc, CTA, CA(SA). She 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 is Member of the Audit Committee of the Company. She is Member of the Risk, Capital and Compliance Committee of the Company.

Linda de Beer

Prof. Linda de Beer has served as Independent Non-Executive Director of MMI HOLDINGS LIMITED since March 1, 2019. Prof. de Beer is a Chartered Accountant SA, a Chartered Director SA and holds a Master´s degree in taxation. She is an independent non-executive director, serving on the boards and audit committees of three South African listed companies. She also chairs the treasury company of another listed company. Prof. de Beer provides reporting and corporate governance advice to various corporates, does mediation on technical reporting, auditing and governance matters, facilitates training and performs expert witness work on accounting and audit matters, from time to time. She is an honorary professor (professor in practice) at the University of Johannesburg and previously held, for ten years, an adjunct professorship, on a part time basis at the University of the Witwatersrand. She is a member of the King Committee, the Investor Advisory Group of the Public Company Accounting Oversight Board (PCAOB) in the United States of America and chairs the Financial Reporting Investigations Panel of the JSE, amongst others. She has served as Member of the Audit Committee of the Company since March 1, 2019. She has served as Member of the Risk, Capital and Compliance Committee of the Company since March 1, 2019.

Stephen Jurisich

Prof. Stephen C. Jurisich has served as Independent Non-Executive 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 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. He is Chairman of the Actuarial Committee of the Company. He is Chairman of the Fair Practices Committee of the Company.

J. Krige

Prof. J. D. (Niel) Krige has served as Independent Non-Executive 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. He holds a degree from Harvard University. He is Member of the Actuarial Committee of the Company.

Sharron McPherson

Dr. Sharron L. McPherson has served as Independent Non-Executive Director of MMI HOLDINGS LIMITED since March 1, 2019. Dr. McPherson is co-founder and executive director at The Centre for Disruptive Technologies which leverages an impressive Africa-wide and global network of experts in disruptive technologies, to advise government and businesses on digital transformation strategies. It is also a partner with the University of Cape Town´s Graduate School of business on Future Ed training and development for teachers and educational professionals. She is also an Adjunct Senior Lecturer - Project Finance at the University of Cape Town - Graduate School of Business ("UCT GSB"), where she developed the course curriculum for the Masters of Commerce (Development Finance) Program at the UCT GSB. Dr. McPherson is also a co-founder & shareholder of an investment consortium, Women in Infrastructure Development & Energy (WINDE). The investment focus is on growth enterprises with the capacity to leverage exponentially growing technologies within the infrastructure and energy sectors. With over 3,000 members and 1,000,000 primary social impact points per annum - WINDE is one of the largest and most impactful women´s infrastructure investment consortiums in Africa. She has served as Member of the Social, Ethics and Transformation Committee of the Company since March 1, 2019.

P. Moleketi

Mr. P. Jabu Moleketi has served as Independent Non-Executive 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 is Member of the Social, Ethics and Transformation Committee of the Company.

M. Moloko

Mr. M. Sello Moloko has served as Independent Non-Executive Director of MMI HOLDINGS LIMITED since March 1, 2019. Mr. Moloko is the Executive Chairman and co-founder of Thesele Group, a wholly Black owned diversified investment holding company. Mr. Moloko has a wealth of business experience gained over more than 27 years underpinned by a successful career in financial services (investment management, deal-making and employee benefits). He serves as the independent non-executive Chairman of NYSE & JSE listed Sibanye-Stillwater Limited and is also a non-executive director on the boards of Prudential Investment Managers, Stor-Age REIT Limited and Telkom SA SOC Limited. Mr. Moloko has previously served on several boards of major companies including Alexander Forbes Group Holdings Limited and General Reinsurance Africa (both as non-executive Chairman). He is the former CEO of Old Mutual Asset Managers and former deputy CEO of Capital Alliance Asset Managers. He holds a degree from the University of Leicester. He has served as Member of the Nominations Committee of the Company since March 1, 2019. He has served as Member of the Investments Committee of the Company since March 1, 2019.

Khehla Shubane

Mr. Khehla Cleopas (Khehla) Shubane has served as Independent Non-Executive 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. He is Member of the Fair Practices Committee of the Company.

Frans Truter

Mr. Frans Johannes Christiaan Truter has served as Independent Non-Executive 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 of the Company. He is Member of the Risk, Capital and Compliance Committee of the Company. He has served as Chairman of the Risk, Capital and Compliance Committee of the Company since March 1, 2019. He is Member of the Nominations Committee of the Company.

Johan van Reenen

Mr. Johan C. van Reenen has served as Independent Non-Executive 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 Risk, Capital and Compliance Committee of the Company.

Cobus Rothman