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Old Mutual Appoints Clarence Nethengwe As CEO Designate of New Banking Business

PRIVATESep 13, 2024•almost 2 years ago

Position

Chief Executive Officer

Company

Old Mutual Life Assurance Company Ltd

Clarence Nethengwe
JohannesburgFinancial ServicesFinance

Description

Old Mutual has appointed Clarence Nethengwe, a company veteran with over 15 years of experience, as the CEO-designate of its new banking business. Nethengwe has been instrumental in developing the initial business case and appointing key executives for the new bank. The insurer also announced the resignations of Rolf Eichweber, the previous CEO of the bank, and Royden Volans, the former chief operations officer for the project.

Company Information

Company

Old Mutual Life Assurance Company Ltd

Location

Johannesburg, Gauteng, South Africa

About

Old Mutual Life Assurance Company Ltd is a subsidiary of Old Mutual Holdings Plc. It provides long-term life insurance solutions and is now undergoing a merger process. The company focuses on enhancing customer experience in the insurance sector. It will continue to honor existing policies through the acquiring entity.

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