Old Mutual Limited announced that Ms. Nomkhita Nqweni resignation as independent non-executive director of Old Mutual, with effect from close of business on 24 February 2025. This follows the approval by the South African Reserve Bank's Prudential Authority of the OM Bank Board as well as key members of its executive leadership. Ms. Nqweni has a wealth of financial services industry experience having worked at Alexander Forbes as well as serving as chief executive officer of Absa's Wealth and Investments division from 2010 to 2019 and serving on the Barclays Wealth EMEA EXCO.
At 50, Ms. Nqweni is among the youngest black female directors to chair a bank in South Africa and will be supported by the following members of the OM Bank Board: Juma Arogo; Peter de Beyer; Amal Desai; Albert Essien; Rob Leathers; Melvyn Lubega; Arina McDonald; Clarence Nethengwe; Casper Troskie; Iain Williamson. Clarence Nethengwe, CEO of OM Bank and executive director, will be supported by the following executives: Chief Financial Officer: Amal Desai; Chief Compliance Officer: Pheona Härtel; Chief Technology & Data Officer: Suvania Moodliar; Chief Risk Officer: Lushendren Pather (starting 1 June 2025); Chief Information Officer: Ray Deftereos; Chief People Experience Officer: Nomaswazi Ngwane; Chief Operating Officer: Pauline Molloyi (acting); Chief Legal Counsel: Athena Pavlakis.
