Old Mutual Limited Announces Resignation of Managing Director of Old Mutual Personal Finance

21 October 2019 Old Mutual

Old Mutual Limited (OMU:JO) announced that Ms. Karabo Morule, Managing Director of Old Mutual Personal Finance, has resigned for personal reasons. She will remain in her role for three months to assist with the transition to the internal successor.

Old Mutual is confident its internal leadership bench-strength will yield a suitable successor, ensuring seamless business continuity in the best interests of clients and stakeholders.

Old Mutual Limited Acting CEO Iain Williamson said: “Karabo is a great product of our company’s leadership talent development, and we wish her well in her future endeavors. Similarly, her successor will be drawn from Old Mutual’s internal reservoir of leadership talent.”

Old Mutual is a leader in transformation among financial services sector peers. Last week Old Mutual received the “Most Transformed Retirement Fund of the Year” award from the Association of Black Securities and Investment Professionals (“ABSIP”).

Quick Polls


In terms of vicarious liability, damages should not be borne by companies in all conditions, but only in those circumstances which it is reasonable for them to do so. Do you agree?


Yes, damages should only be borne by companies in those circumstances which it is reasonable for them to do so.
No. If there is a sufficiently close link between the employee’s acts and the purposes and business of the employer, the employer should be held liable for delicts committed by their employees.
As long as the employee is acting within the course and scope of his or her duty… the employer will be held liable.
A E fanews magazine
FAnews October 2019 Get the latest issue of FAnews

This month's headlines

Non-disclosure - a question of fairness
Level of insurance regulation notably tightened
The cost of treating cancer
Employee Benefits… an untapped opportunity
Bound to NHI… whether you like it or not
A stormier world for marine insurers
Examining the application of reinstatement clauses
Subscribe now