“Matsekete was part of the team that set up Old Mutual Asset Managers, now OMIG, in Zimbabwe soon after demutualisation 20 years ago, so I am very pleased to be welcoming him back into the Old Mutual family,” Chinaka added. He has been with Old Mutual for almost three decades. Post was not sent - check your email addresses! This was his second stint in that acting role after acting as interim CEO once before in 2017. Click to email this to a friend (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window), Zambia’s stimulus package to aid economic recoveryaft, Record unemployment rate for South Africa, Cricket returns to South Africa after Covid-19 lockdown, COVID-19 restrictions slow down grain imports in Zimbabwe, Classic tips for the novice option traders, Jehovah’s Witnesses – a glance at what’s beneath the surface, 3 Ways To Get The Most Out Of Your Manufacturing Process. Old Mutual’s Rest of Africa managing director, Clement Chinaka, said he was confident that Matsekete would bring the requisite leadership experience and career credentials to lead the business at a particularly challenging time. Old Mutual Zimbabwe has appointed Samuel Matsekete as chief executive taking over from Jonas Mushosho, with effect from January 1, 2020. This is what he had to say: … Continue reading "Watch: Old Mutual Zimbabwe CEO say leaving Zim is … Chief Operating Officer Iain Williamson will serve as acting CEO. Former Old Mutual CEO Peter Moyo yesterday sought to demonstrate that the breakdown in trust cited by his former employer as a reason for his axing was “artificially manufactured”. The event, aims to capacitate the Zimbabwean youth with information and knowledge that will take them the … Phone: +263 (0) 9 79333. This was his second stint in that acting role after acting as interim CEO once before in 2017. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. However, it is thanks to the strength of our leadership that we have weathered the storm and will continue to seize opportunities for growth. Group CEO [Old Mutual Zimbabwe] and Head of Banking Portfolio [Old Mutual Rest of Africa] Old Mutual Jan 2021 - Present 3 months. Williamson was Old Mutual’s chief operating officer before his appointment as acting CEO in May 2019. Physical address: Finsure House Ground Floor Cnr N Nkrumah/Sam Nujoma Harare. Pages Businesses Finance Financial Service Old Mutual Zimbabwe Videos CEO Samuel Matsekete Matsekete’s appointment comes at a time the group has been conducting a rigorous internal and external recruitment process. The company is led by J. Mushosho as its Group Chief Executive Officer. Your email address will not be published. The improved retrenchment package is expected to lure more employees to go with the programme as the group finds ways to manage its costs. Youth empowerment, participation & inclusiveness is the way to go! Required fields are marked *. He completed an executive leadership development programme run for Barclays PLC at Duke University in London and holds a master of business leadership degree from the University of South Africa. Old Mutual fell as much as 6% at the start of trade, paring that loss to 2.4% to 21.17 rand by 1:20 p.m. in Johannesburg. He takes over from Namibian Jonathan !Gawaxab. He completed an Executive Leadership Development Program run for Barclays PLC by Duke University in London and holds a master of business leadership degree from the University of South Africa. “Old Mutual is pleased to confirm the appointment of Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL).Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at … Matsekete new Old Mutual CEO. Old Mutual Zimbabwe Yesterday at 11:06 PM Eight2Five Innovation Hub presents the opportunity to bridge that ga ... p tomorrow and one of our two special guests is the Group CEO of Old Mutual Zimbabwe, Sam Matsekete. Katsande is Deputy Chairperson of the […] Matsekete joins Old Mutual from First Capital Bank, where he is currently the managing director and has led the successful transition of the bank from being part of the Barclays Group.He has worked at First Capital for over 12 years and was appointed the managing director in 2017.Matsekete will be succeeded by Ciaran McSharry, who will be the acting managing director for the bank. The company's board of directors, chaired by J. Gawaxab, is composed of 10 members whose names are listed below. Email: Old Mutual Main Branch. Before the managing director role, Matsekete held the position of chief finance officer and also headed the risk and governance functions that included credit, risk, legal and compliance at the same bank. “Matsekete was part of the team that set up Old Mutual Asset Managers, now OMIG, in Zimbabwe soon after demutualisation 20 years ago, so I am very pleased to be welcoming him back into the Old Mutual family,” Chinaka added. It is listed on the Johannesburg Stock Exchange, Zimbabwe, Namibia and Botswana Stock Exchanges. Old Mutual Ltd. 01/1990–08/2018. Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. Gawaxab, J. “This new appointment does come at a challenging time in Zimbabwe. Matsekete new Old Mutual CEO Old Mutual Zimbabwe has appointed Samuel Matsekete as chief executive taking over from Jonas Mushosho, with effect from January 1, 2020. All rights reserved. Old Mutual Zimbabwe group chief executive Jonas Mushosho, is set to leave the financial services giant before year end, at a time the firm is restructuring and bundling up its business operations. Old Mutual Zimbabwe offers a wide range of affordable and comprehensive insurance, investment and corporate solutions as well as financial advice. Matsekete’s appointment comes at a time when the group has been conducting a rigorous internal and external recruitment process. Eight2Five Innovation Hub powered by Old Mutual invites youth around Zimbabwe to join a virtual webinar with Honourable Kirsty Coventry, Minister of Youth, Sports, Arts and Recreation (MoYSAR) and the Old Mutual Zimbabwe Group CEO Sam Matsekete on Wednesday 10 th March 2021. Phone: +263 (0) 54 221939. “There are good signs emerging in economic sub-sectors such as agriculture, mining, horticulture and energy, where there are actual investments taking place,” Sam Matsekete, the chief executive officer of Old Mutual Zimbabwe Ltd., the country’s biggest insurer, said in an interview in the capital, Harare, on Friday. Matseketse can now build on the strong foundation we have in Zimbabwe to take the business forward,” Chinaka said. “Old Mutual is pleased to confirm the appointment of Samuel (Sam) Matsekete as the group CEO-designate of Old Mutual Zimbabwe Limited. Matsekete joins Old Mutual from First Capital Bank, where, he is currently the managing director and has led the successful transition of the bank from being part of the Barclays Group. The Old Mutual Limited Executive team comprises of the CEO, CFO, COO and a number of Managing Directors. “Old Mutual is pleased to confirm the appointment of Samuel Matsekete as the group CEO-designate of Old Mutual Zimbabwe Limited,” said the group in a statement yesterday. Phone: +263 242 251 913. The company’s annual general meeting was scheduled to start at 2 p.m. “Old Mutual is pleased to confirm the appointment of Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL).Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at the end of 2019,” Old Mutual said in a statement. Old Mutual Zimbabwe appoints new CEO Harare -Old Mutual has appointment Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL). Speaking to CNBC Africa, during the world economic summit in Davos, Peter Moyo highlighted that Old Mutual was so heavily invested in Zimbabwe making it impossible for the company to exit Zimbabwe. Old Mutual’s Rest of Africa Managing Director, Clement Chinaka, said he is confident that Matsekete will bring the requisite leadership experience and career credentials to lead the business at a particularly challenging time. Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in … affects Central Africa Building Society as well as Old Mutual Zimbabwe Limited, which is definedas a Controlling Company in terms of Section 2 of the Act. The head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic. Latest news headlines from Zimbabwe Situation, Source: Old Mutual appoints new CEO – NewsDay Zimbabwe November 7, 2019. In line with the Old Mutual Group’s retirement policy, our Group Chief Executive Officer (GCEO) Mr Jonas Mushosho retired on the 31st of December 2019, after 30 years of service to the Old Mutual group in various capacities, including the last seven years as GCEO, with the period 2016 to 2019 having Matsekete will commence service on January 1, 2020 following the retirement of the current group chief executive, Jonas Mushosho at the end of 2019,” Old Mutual said in a statement. Katsande, a seasoned and renowned business practitioner in Zimbabwe has led several businesses at the Managing Director and Chief Executive Officer level. “This new appointment does come at a challenging time in Zimbabwe. Old Mutual shares fell as much as 6% at the start of trade, paring that loss to 2.9% by the close in Johannesburg. Physical address: Mutual House Herbert Chitepo St Mutare Old Mutual Zimbabwe has appointed Samuel Matsekete as the chief executive officer taking over from Jonas Mushosho with effect from January 1, 2020. Last month, Old Mutual improved its voluntary retrenchment package to its employees after the first one, introduced in April, received poor responses. Matsekete is a qualified chartered accountant and an associate of the Institute of Bankers, Zimbabwe. Old Mutual (Zimbabwe) Limited operates in the Financials sector, specifically, the Insurance industry. He joins Old Mutual from First Capital […] Moyo is in court to challenge his June 17 dismissal by the financial services firm, which he wants to be declared “unlawful, unconstitutional and null and void”. Physical address: Old Mutual Centre Cnr 8th Avenue/Jason Moyo St Bulawayo. Williamson was Old Mutual’s chief operating officer before his appointment as acting CEO in May 2019. Chief Executive Officer. © 2000 – 2021 Zimbabwe Situation Old Mutual was not the only company to be suspended. Sorry, your blog cannot share posts by email. Old Mutual Zimbabwe has appointed Samuel Matsekete as chief executive taking over from Jonas Mushosho, with effect from January 1, 2020. The directive became effective on 1 January 2018 and requires Your email address will not be published. A few good signs: Sam Matsekete, Old Mutual CEO. Profile of Old Mutual (Zimbabwe) Limited. Seed Co International and PPC Zimbabwe (cement manufacturer) were also brushed aside by Mthuli Ncube on the same charges.. However, it is thanks to the strength of our leadership that we have weathered the storm and will continue to seize opportunities for growth. OLD Mutual has appointed the head of Old Mutual Life Assurance Company, Mr Jonas Mushosho, to succeed Mr Luke Ngwerume as group chief executive of its Zimbabwe operations. “Old Mutual is pleased to confirm the appointment of Samuel (Sam) Matsekete as the group CEO-designate of Old Mutual Zimbabwe Limited. Physical address: Mutual House 7th Street Gweru. Chairman Old Mutual Zimbabwe Limited Board has appointed Kumbirayi Katsande as its Board Chairperson with effect from January 28 this year. Old Mutual Zimbabwe CEO Peter Moyo revealed that the company has no plans to exit Zimbabwe. Jonas Mushosho is Former CEO:Rest of Africa Bus at Old Mutual Emerging Markets Ltd. ... OLD Mutual Zimbabwe Ltd. UNKNOWN–12/2019. Matsekete will commence service on January 1, 2020 following the retirement of the current group chief executive, Jonas Mushosho at the end of 2019,” Old Mutual said in a statement. Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at the end of 2019. South Africa’s tourism relief fund runs dry, The much anticipated July 31st protest flopped, Cyril Ramaphosa’s spokesperson in US$7.4 million scam, South Africa townships face indefinite power cuts, Armed forces urged to join July 31 protests. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses - Old Mutual … Matsekete is a qualified chartered accountant and an associate of the Institute of Bankers Zimbabwe. Schools reopen under strict health regulations, JUST IN: Govt extends suspension of fungibility of Old Mutual and PPC shares, GMB revamps silos ahead of expected bumper harvest, ICAZ to release hyperinflation reporting guidelines. Old Mutual is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. February 19, 2021. SOUTH African-headquartered financial services group, Old Mutual (OML), has fired chief executive Peter Moyo over conflict of interest with a firm he founded. Business ReporterOLD Mutual has appointed the head of Old Mutual Life Assurance Company, Mr Jonas Mushosho, to succeed Mr Luke Ngwerume as group chief executive of its Zimbabwe operations. 2017 Awards Dinner Keynote Speech Hacienda Esperanza - Cancun, Mexico by Jonas Mushosho - Old Mutual Zimbabwe CEO The Insurance and Pensions Commission (IPEC) issued a Directive on Governance and Risk Management on 1 May 2017. Before this role, Matsekete held the position of chief finance officer and also headed up the risk and governance functions that included credit, risk, legal and compliance. Matseketse can now build on the strong foundation we have in Zimbabwe to take the business forward,” Chinaka said. He has worked for the Group for the last 28 years in various roles including Head of Corporate Segment at Old Mutual South Africa, Chief Actuary and General Manager of Actuarial at Old Mutual Life Assurance Company of Zimbabwe, head of Channel Finance and Strategy Executive for OMLACSA’s Retail Affluent segment, head of Emerging Markets Group Planning and Business Insights at Group Finance and General Manager of Finance and Strategy of Old Mutual …