Diane Radley appointed as OMIGSA Chief Executive Officer

Old Mutual South Africa (OMSA) is pleased to announce the appointment of Diane Radley as Chief Executive of Old Mutual Investment Group South Africa (OMIGSA). The appointment is effective from 1 January 2011. This concludes a rigorous and far-reaching search process, led by Dr Len Konar, Chairman of the OMIGSA Board and OMSA CEO, Kuseni Dlamini which considered both internal and external candidates.

Diane has occupied the position of OMSA Finance Director for OMSA since 2008. As a member of the OMSA Executive Committee, Diane chairs OMSA’s Operations Committee and brings in-depth and detailed experience and knowledge of the business. An astute and experienced business leader, she is also widely credited for streamlining OMSA’s financial functions into an efficient and well-managed functional business entity.

OMIGSA chairman, Len Konar has also expressed his approval of the appointment and the rigor with which the process was conducted. “The leader of the OMIGSA portfolio of investment boutiques needs to be a strong business and people leader with an exacting commitment to customer delivery, governance and management standards in an environment which has been keenly affected by the turmoil in financial and investment markets. The recruitment committee and I are confident that Diane is the right person for the role”.

OMSA Chief Executive, Kuseni Dlamini said, “The recruitment committee conducted a comprehensive search process and we are very pleased that Diane has accepted the offer to lead OMIGSA. With her far-reaching knowledge of our business and her ardent commitment to customers and business excellence, she is the perfect fit to lead OMIGSA’s multi-boutique asset management and investment businesses”.

“I am very honoured to have been offered the role as the CEO of OMIGSA and take very seriously the responsibility which this bestows o­n me and the team to deliver focused performance to all our clients and stakeholders. Our industry has been through a tumultuous period and we feel uniquely positioned to deliver o­n our mandate”, says Diane.

The appointment is officially effective from 1 January 2011. The formal transition and handover process in both OMSA and OMIGSA will start o­n 1 October 2010, giving us the opportunity to find the right replacement for Diane in the crucial role of OMSA Finance Director.

Kuseni wished Dianewell in her new role and looked forward to her formal assumption of duty. A search process is already well underway to find a replacement for the position of OMSA Finance Director.

Kuseni thanked Tim Cumming for his very able leadership in acting as interim CEO of OMIGSA for the past six months and for the role he will continue to play until Diane formally assumes the position.

More about Diane Radley

Diane Radley joined Old Mutual as OMSA Finance Director in March 2008 where she is responsible for finance, risk and capital including the investment of shareholder funds managed by OMIGSA.

Dianejoined Old Mutual from Altron, a listed company o­n the JSE, where she held the position of Chief Financial Officer as well as being a trustee of the Altron Group Pension Fund and was also a member of the Altron Group Pension Fund Investment Committee. Prior to Altron, Radley was Partner in Charge of Transaction Services at PricewaterhouseCoopers and has also served as a non-executive director and chairperson of the audit committee at Women Investment Portfolio Holdings Limited (Wiphold).

She is currently a non-executive director and chairperson of the audit committee of Omnia Holdings Limited.