Appointment of MD: New Growth and Innovation

Old Mutual Limited has appointed Vuyo Mpako as Managing Director: New Growth and Innovation (NGI), effective from 1 September 2021. This newly formed office has been designed to deliver long term shareholder value by sustainably growing our earnings through both existing as well as new markets.

The NGI office will be responsible for delivering transformative initiatives that are aligned to Old Mutual’s strategic goals to successfully drive business growth, while simultaneously maintaining a lean and cost efficient organisational structure that can be scaled quickly and efficiently.

The office will be comprised of three core functions that will support the realisation of Old Mutual Group’s strategy; to create short-term value through new business ventures; deliver disruptive innovation; and realise Old Mutual’s long-term growth ambitions through creating and leveraging adjacent revenue streams. This will consolidate and build upon Old Mutual’s competitive advantage by leveraging strategic partnerships, new ventures and disruptive innovation to futureproof the business.

Since joining Old Mutual in 2017, Vuyo who is currently the Chief Digital and Data Officer, has demonstrated an incredible ability to operate in a highly entrepreneurial and strategic manner; influence the long-term direction of the business; build, launch and scale new innovative ventures across the African Continent and embrace and drive new ways of working across the Group.

Vuyo has over 23 years of experience in banking and telecoms, having held senior executive roles at Standard Bank and Vodacom. He holds a MSc Electronic Engineering which he received cum laude, a MBA, as well executive certificates in disruption, strategy and innovation from Harvard Business School and MIT Sloan. Vuyo is a registered Professional Engineer.

Says Old Mutual CEO, Iain Williamson: “This senior appointment is in line with the Group’s ongoing commitment to transformation as well as developing and growing an internal and diverse line of succession of senior leaders. I have every confidence that this appointment will add significant value to our resolve in becoming more customer-centric and ensuring that we are set up for business growth.”