Old Mutual taps external talent for new business leaders

Old Mutual has turned to outside talent to fill a series of senior leadership positions across three of its core businesses.

The insurer and financial services group announced on Tuesday that it had appointed five executives from outside the organisation to leadership roles spanning Old Mutual Life and Savings, OM Bank, and Old Mutual Insure.

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Group CEO Jurie Strydom says the appointments complement the group’s existing talent pipeline.

“We are delighted to attract external talent with proven expertise and experience to complement our internal talent pipeline. These leaders bring the skills, track records and outside-in perspectives that will make a real and immediate difference to our strategic delivery across the Group,” he adds.

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The appointments are:

Katherine Barker – appointed proposition executive head at Old Mutual Life and Savings, effective 1 April 2026. Barker joins from Capitec Life, where she was the founding CEO and led the establishment of the digital life insurer.
Malusi Ndlovu – appointed managing director of the Mass Foundation Cluster at Old Mutual Life and Savings, effective 1 July 2026. He returns to Old Mutual after serving at Absa, where he worked on consolidating its wealth business and expanding distribution channels.
Ethel Nyembe – appointed chief product and innovation officer at OM Bank, effective 1 January 2026. Nyembe previously held roles at FNB and Standard Bank, focusing on banking, payments and product innovation. She is also a founding member of Women in Payments Africa.
Ancley Jacobs – appointed chief growth officer at OM Bank, effective 1 May 2026. Jacobs previously held senior positions at Standard Bank and spent 16 years at FNB, including as chief executive of Retail Transactional Banking. He will oversee functions including marketing, retail sales, strategic partnerships, home loans and business banking.
Mari Janzen – appointed COO at Old Mutual Insure, effective June 2026. Janzen joins from Hollard Insurance, where she served as group COO, having previously held executive positions at Regent Insurance, Telesure and Deloitte.

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