Lion of Africa Life Assurance appoints Derek Pead as CEO

Lion of Africa Life Assurance Company has appointed Derek Pead as its Chief Executive Officer. Pead brings with him a wealth of industry experience and an exemplarily performance record. With over three decades at the Metropolitan Group, Pead served on the board at
Metropolitan Holdings as well as several of its subsidiaries. He founded both the Metropolitan Employee Benefits and the Metropolitan Retail divisions, acting as CEO for both operations.

"We are delighted to welcome Derek to the Lion of Africa group of companies. We have every confidence that the life assurance company, clients and staff will benefit from Derek's experience and entrepreneurial flair," comments Fred Robertson, Chairman of both the Cape-based Lion of Africa Life Assurance Company and it¹s short-term counterpart, Lion of Africa Insurance, based in Sandton.

Lion of Africa Life Assurance Company provides a range of cover for groups, individuals as well as savings products ranging from funeral plans to retirement annuities. It also offers comprehensive employee benefits.

"I have always had immense respect for the Lion of Africa companies. Their unfailing commitment to true empowerment has set an example for the industry. My goal is to see the company significantly grow its client base without compromising our ability to focus on the needs of our clients as individuals. There is room in this industry for niche players who can differentiate themselves from the large institutions through attention to detail," Pead explains.