Old Mutual Actuaries and consultants appoints Craig Aitchison as new MD

10 March 2010 Old Mutual Actuaries and consultants
Craig Aitchison

Craig Aitchison

Craig Aitchison has been appointed as Managing Director of Old Mutual Actuaries and Consultants (OMAC), effective from February 2010. Aitchison was previously responsible for the operational management and client service side of the OMAC business.

OMAC functions as an independent business unit but nevertheless enjoys access to the specialised financial skills of the broader Old Mutual Group. OMAC provides retirement fund, healthcare and institutional consulting services.

Aitchison is based in Sandton (Johannesburg). In his capacity as the MD of OMAC, he will report to Seelan Gobalsamy, Old Mutual Corporate MD.

Gobalsamy says Aitchison’s valuable management experience at OMAC will stand him in good stead in driving OMAC’s profile, growing the client base and continuing to deliver exceptional levels of client service for OMAC customers. “An expert in the field of Actuarial Science with 10 years of industry experience, Aitchison has been with OMAC for the past7 years. Since his tenure at OMAC, he has played a significant role in the business. I have full confidence in his ability to lead and deliver exceptional results.”

Aitchison joined OMAC in 2003 as a consulting actuary, and hasdelivered exceptional consulting services to his clientele.Prior to this, he was accountable for the disability income products in the Group Assurance division, addressing product development needs and managing the profitability of the products.

"I am delighted to take up this new challenge. I have inherited a fantastic independent consulting brand in South Africa and believe that this business will go from strength to strength,” says Aitchison.

Aitchison qualified from the University of Witwatersrand with a BSc (Hons) in Actuarial Science and Statistics and completed a Certified Financial Planner certificate. In addition to these accomplishments, Craig is a member of the Institute of Actuaries and the Actuarial Society of South Africa.

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