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JOHANNESBURG - Old Mutual Limited (JSE:LON:OMU) has appointed Prabashini Moodley as Chief Executive Officer of its newly configured Life and Savings segment, effective August 1, 2025, according to a company press release.
Moodley, currently the Managing Director of Old Mutual Corporate, will report directly to Group CEO Jurie Strydom. The new segment will encompass four business units: Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster, excluding banking operations.
The company stated that the formation of the Life and Savings segment aims to enhance customer delivery and leverage scale efficiencies in key areas.
Moodley has been with Old Mutual since 2002, where she qualified as an actuary. She holds a Global Executive MBA from IESE Business School and has worked across various divisions including Personal Finance, Old Mutual Investment Group, and the Mass and Foundation Cluster, where she served as Chief Financial Officer for four years. Her experience also includes international work at Skandia México.
As part of the organizational changes, Old Mutual Finance and Old Mutual Transaction (JO:NTUJ) Services will shift to fall under the executive oversight of OM Bank CEO Clarence Nethengwe.
"I am confident that Prabashini will bring the clarity, energy, and accountability needed to lead her team and create value across these business units," Strydom said in the announcement.
Old Mutual operates across 12 African countries and maintains a niche business in China.
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