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Rand Merchant Investment Holdings Ltd (RMIJ.J)

RMIJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Jannie Durand

50 2018 Non-Executive Chairman of the Board

Herman Bosman

48 2015 Chief Executive Officer, Finance Director, Executive Director

Jacobus Human

2011 Company Secretary

Mafison Morobe

60 2018 Lead Independent Director

Peter Cooper

61 2014 Non-Executive Director

Lauritz Dippenaar

68 2010 Non-Executive Director

Paul Harris

67 2010 Non-Executive Director

Albertinah Kekana

44 2017 Non-Executive Director

Obakeng Phetwe

39 2013 Non-Executive Director

David Wilson

47 2017 Non-Executive Director

Johannes Burger

58 2014 Independent Non-Executive Director

Per-Erik Lagerstrom

53 2014 Independent Non-Executive Director

Mamongae Mahlare

2018 Non-Executive Independent Director

Ralph Mupita

2018 Non-Executive Independent Director

Sonja Sebotsa

45 2010 Independent Non-Executive Director

James Teeger

2018 Non-Executive Independent Director

Biographies

Name Description

Jannie Durand

Mr. Jannie Jonathan Durand, BAcc (Hons), MPhil, CA (SA), has been appointed as Non-Executive Chairman of the Board of Rand Merchant Insurance Holdings Limited effective 31 March 2018. He is the chief executive of Remgro Limited and, before its delisting, he was the financial director and chief executive of Venfin Limited. He has been a director of Remgro Limited since November 2009 and served as a non-executive director of Alexander Forbes Limited from October 2004 to July 2007. Other listed directorships Discovery Limited, Distell Group Limited, FirstRand Limited, Grindrod Limited, Mediclinic International Limited, RCL Foods Limited, Remgro Limited and RMB Holdings Limited (alternate).

Herman Bosman

Mr. Herman Lambertus Bosman, BCom (Law), LLB, LLM, CFA serves as a Chief Executive Officer, Financial Director, Executive Director of Rand Merchant Insurance Holdings Limited. He was with RMB for 12 years and ultimately headed up its corporate finance practice between 2000 and 2006. He returned to the group in 2014 after serving as chief executive of Deutsche Bank South Africa from 2006 to 2013.

Jacobus Human

Mr. Jacobus Schalk Human, MCom CA(SA), serves as a Company Secretary of Rand Merchant Insurance Holdings Limited. He has been in the employ of the greater insurance group since 1999 as financial manager in Momentum's head office.

Mafison Morobe

Mr. Mafison Murphy Morobe is Lead Independent Director of Rand Merchant Insurance Holdings Limited. After finishing a seven-year stint as chief executive of Kagiso Media Limited, Murphy assumed the role of chairman and national director of the Programme to Improve Learner Outcomes (PILO) in 2013. PILO is currently a lead service provider to the National Education Collaboration Trust. As a committed social and development activist, Murphy has since his release from Robben Island in 1982, continued to involve himself with various social causes, mainly relating to youth development, environment and conservation, apart from roles in the public service which included being chairman of the Financial and Fiscal Commission (1994-2004) and other roles in the private sector. He also serves on the boards of directors of WWF-SA, the Steve Biko Foundation and City Year South Africa. He stepped down as chairman of Food and Trees for Africa.

Peter Cooper

Mr. Peter Cooper, BCom (Hons), CA(SA), HDipTax serves as a Non-Executive Director of the Company. He graduated from the University of Cape Town. After qualifying as a chartered accountant in 1981, he worked in the financial services sector, first as a tax consultant and later specialising in structured finance. Peter joined RMB’s Special Projects division in 1992 and transferred to RMH in 1997. He is the immediate past chief executive of RMI, as well as its sister company, RMH. Other listed directorships FirstRand Limited (alternate), Imperial Holdings Limited, MMI Holdings Limited and RMB Holdings Limited

Lauritz Dippenaar

Mr. Lauritz Lanser Dippenaar, MCom, CA (SA), serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. He was a co-founder of RCI in 1977. He became an executive director of RMB in 1985 and managing director of RMB in 1988, a position he held until 1992 when RMH acquired a controlling interest in Momentum. He served as executive chairman of Momentum from 1992 until the formation of FirstRand in 1998. He was appointed as the first chief executive of FirstRand and held this position until the end of 2005, when he assumed a non-executive role. He has been chairman of FirstRand since November 2008.

Paul Harris

Mr. Paul Kenneth Harris, MCom, serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. He was a co-founder of RCI in 1977 and became an executive director of RMB in 1985. He spent four years in Australia where he founded Australian Gilt Securities (later to become RMB Australia) and returned to South Africa in 1991 as deputy managing director of RMB. In 1992 he took over as chief executive. Subsequent to the formation of FirstRand, he was appointed as chief executive of FirstRand Bank Holdings in 1999, a position he held until December 2005 when he was appointed as chief executive of FirstRand. He retired from his executive position at the end of December 2009.

Albertinah Kekana

Obakeng Phetwe

Mr. Obakeng Phetwe serves as a Non-Executive Director of Rand Merchant Insurance Holdings Limited. He is a Chartered Accountant (SA), holds a BCom (Hons) degree and he is the chief executive of the Royal Bafokeng Nation Development Trust, which holds all the commercial assets on behalf of the Royal Bafokeng Nation. He serves on the board of Royal Bafokeng Holdings Proprietary Limited and was appointed to the board of Impala Platinum Limited.

David Wilson

Johannes Burger

Mr. Johannes Petrus Burger serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. He joined RMB in 1986, where he performed a number of roles before being appointed financial director in 1995. Following the formation of FirstRand Limited in 1998, he was appointed financial director of the FirstRand banking group and in 2002 was appointed CFO of the FirstRand group. In addition to his role as group CFO, Johan was appointed as group COO in 2009 and deputy chief executive in October 2013. He was appointed as chief executive in October 2015.

Per-Erik Lagerstrom

Mr. Per-Erik Lagerstrom serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. He is the co-founder of the Energos group, specialists in big data solutions for human capital. Previously he was a partner at McKinsey & Company where he headed up the Financial Services Sector and the Organisation Practice.

Mamongae Mahlare

Ms. Mamongae Mahlare has been appointed as Non-Executive Independent Director of the company effective 31 March 2018. Mamongae Mahlare, MBA(Harvard), BSc (Chemical Engineering), is the managing director of Illovo Sugar SA. Previously she was head of alternate beverages at Coca Cola Beverages South Africa, held various positions at SABMiller’s operations in Tanzania and Mozambique and was an associate consultant at Bain & Company.

Ralph Mupita

Mr. Ralph Mupita has been appointed as Non-Executive Independent Director of the company effective 31 March 2018. Ralph Mupita, MBA (UCT), BSc (Engineering)(Honours), is the chief financial officer and executive director of MTN. He is the past chief executive officer of Old Mutual Emerging Markets covering life insurance, asset management, general insurance, lending and banking businesses in Africa, Latin America and Asia.

Sonja Sebotsa

Ms. Sonja Emilia Ncumisa Sebotsa, LLB (Hons) LSE, MA (McGill), SFA, serves as an Independent Non-Executive Director of Rand Merchant Insurance Holdings Limited. She is a principal partner of Identity Partners, an investment firm which holds equity investments, carries out advisory work and facilitates finance for SMEs by the Identity Development Fund. Sonja’s areas of study included law, business and economics, which served her well as vice president of Mergers and Acquisitions and Corporate Finance of the investment banking division of Deutsche Bank. She played an integral part in WDB Investment Holdings participating in FirstRand’s B-BBEE transactions. Other listed directorships Aquarius Platinum Limited (chairperson), Discovery Limited, Remgro Limited and RMB Holdings Limited.

James Teeger

Mr. James Teeger has been appointed as Non-Executive Independent Director of the company effective 31 March 2018. James Teeger, BCom, CA(SA), leads the investment activities of the Oppenheimer family. He was previously a director of De Beers and spent 12 years at RMB where he held the position of co-head of structured finance.