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Prof. Brian Armstrong appointed to Old Mutual Board

30 June 2020 Old Mutual

Old Mutual has announced the appointment of Professor Brian Armstrong to its Board as an independent non-executive Director with immediate effect.

A renowned leader and expert in the Telecommunications, Information Technology, Systems Engineering and Technology Research and Development fields, Prof. Armstrong brings with him more than 30 years of national, regional, and international experience. He is widely regarded as a thought leader in digitalization, convergence, and business strategy. 

“We welcome Prof. Armstrong as a Director to the Old Mutual Board. We are especially excited by his knowledge, passion, and expertise in the field of digitalization and how it can transform both business and society. We believe his appointment will serve to strengthen the work Old Mutual has already begun in this space,” says Old Mutual Board Chairman, Trevor Manuel. 

Prof. Armstrong has had a long and illustrious career, underpinned by stints within the telecoms industry both in South Africa and across the rest of the continent. He spent 15 years at the Council for Scientific and Industrial Research (CSIR), where he was involved in ICT research and development. He then joined British Telecoms as Vice President: Middle East and Africa, before taking on the role of Chief Commercial Officer at Telkom from 2010 to 2017. 

He is currently a Professor of Digital Business at the Wits Business School, lecturing a master’s degree in Digital Transformation. Prof. Armstrong still consults widely to industry and government on technological disruption, strategy in a digital world, digital transformation, and platforms, as well as the 4th Industrial Revolution and its socio-economic impacts. 

“We look forward to working with Prof. Armstrong as we enhance our digital strategy to serve Old Mutual’s more than 13 million customers across the African continent,” concludes Manuel.

 

Quick Polls

QUESTION

How to give affordable and appropriate financial advice to the low income market segment. There is little room on a R50 pm policy for advisers to be remunerated for the time it would it would take to educate & fulfil admin function. What is the solution?

ANSWER

[a] Eliminate non-advice sales / telesales
[b] Implement industry standards for non-advice information
[c] Introduce an insurer-funded pro-bono advice network to low income earners
[d] Reinforce the Policyholder Protection Rules
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