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Blessing Utete appointed as Managing Executive of Old Mutual Corporate Consultants

21 October 2021 Old Mutual Corporate Consultants
Blessing Utete, Managing Executive of Old Mutual Corporate Consultants

Blessing Utete, Managing Executive of Old Mutual Corporate Consultants

Foremost provider of industry-leading retirement fund solutions in South Africa, Old Mutual Corporate announced that Blessing Utete has been appointed as the managing executive of Old Mutual Corporate Consultants (OMCC).

The employee benefits consultancy is a professional, member-focused advice offering by Old Mutual Corporate that assists corporates and SMEs in researching, procuring, dispensing, and managing employee benefits packages.

Utete succeeds former GM Malusi Ndlovu, who was appointed as the Director of the Large Enterprise Market at Old Mutual Corporate.

With over 20 years in the industry, Utete stepped down as Head of Advice and Administration at Momentum Corporate on 31 August 2021. He has gained a wealth of experience over the years and worked as a consultant, principal consultant and Branch Head at NBC and Alexander Forbes.

In recent years, he has held executive positions with full oversight of the Consulting Businesses as Managing Director of Liberty Viewpoint (Pty) Ltd and Executive Director of Momentum Consultants and Actuaries (Pty) Ltd.

“I am deeply passionate about consulting, providing member-focused advice and building value-adding client partnerships,” says Utete.

“I’m eager at the opportunity of heading up a team of such dedicated and knowledgeable professionals. I appreciate the confidence shown in me and am ecstatic to join the world-class employee benefits consultancy.”

“Blessing is a seasoned employee benefits executive with well-established relationships in Corporate SA and a well-honed temperament for managing large accounts,” concludes Malusi Ndlovu, Director at Old Mutual Corporate. “I look forward to his contribution as he leads our strong team to deliver on our promise of being an undisputed source of trusted advice for our clients in uncertain times.”

Quick Polls

QUESTION

The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?

ANSWER

Infrastructure? You mean cash returns with higher risk!?!
Infrastructure cap is way too high
Offshore limit still needs to be raised
Who cares… Reg 28 does not apply to discretionary savings
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