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New Financial Director for Mutual & Federal

18 August 2011 Mutual & Federal
Dheven Dharmalingam

Dheven Dharmalingam

Mutual & Federal, a member of the Old Mutual group, has appointed a new Financial Director. Dheven Dharmalingam, who brings a wealth of diverse experience to the short-term insurer, will take up his position on 1 September.

“We are pleased to have someone with Dheven Dharmalingam’s pedigree step into the role of FD at Mutual & Federal,” says Peter Todd, Managing Director of Mutual & Federal. “His appointment comes at an opportune time as the company is undergoing many exciting changes. Having a fresh perspective from someone outside the insurance industry is invaluable to us right now.”

Dharmalingam began his career in finance in 1988 at Arthur Andersen /KPMG, where he worked his way up from an Article Clerk to an Audit Partner by 2002. As the partner in charge of transformation at KPMG, Dharmalingam was tasked with changing the diversity of the firm to be more in line with South Africa’s demographics. His portfolio of clients included Discovery Holdings, Adcock Ingram, Super Group, Macsteel and the SABC.

In 2004, after 16 years in the auditing field, Dharmalingam was then invited to join his client, Super Group, as their Group Financial Director. In 2005, he took up the additional role of General Manager of Super Group’s Financial Services Business Unit, which was his first exposure to the short-term insurance industry.

After five years, Dharmalingam decided to set up his own private equity and advisory services company, First Republic. The projects he took on for clients ranged from venture capital raising, to tender strategy and business case feasibility. “Dheven’s experience, both on a strategic management level and from a business perspective, will serve us well as Mutual & Federal continues to strive to become the market leader in short-term insurance,” notes Todd.

Dharmalingam takes over from the incumbent Financial Director at Mutual & Federal, Deborah Loxton.

Mutual & Federal is one of the leading short-term insurers in Southern Africa.

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