Web Content Viewer (JSR 286)

About

Who we are, and what we do.

Board of Directors

MMI is committed to the highest standards of corporate governance as evidenced by its ongoing efforts to comply with the principles of King III, including the composition of its board. Board deliberations are enriched by the diversity of skills and experience of its members.


Executive Directors


Hillie Meyer
Group Chief Executive Officer
Executive
Academic qualifications:
BCom (Econometrics), Fellow of the Institute of Actuaries
Experience:

Hillie Meyer joined MMI on 15 February 2018. Prior to this, Hillie was the Managing Partner of Nodus Investment Managers, a niche private equity manager he co-founded in 2010. He retired as the Managing Director of the Momentum Group in 2005, a position he held for nine years. Before that, he had exposure to a wide range of actuarial and management positions in the Momentum Group which he joined in 1988. He also worked for Volkskas Pension Services (from 1985 to 1987) and Old Mutual (from 1983 to 1985).

Appointed to board: 2018

Jeanette Cilliers (Marais)
Deputy Chief Executive Officer
Executive
Academic qualifications:
B.Sc. (Mathematics and Statistics), MBA (With Honours)
LinkedIn
Experience:

Jeanette Cilliers joined MMI Holdings on 1 March 2018 as Deputy Chief Executive Officer and CEO of Momentum Investments. Her portfolio also includes marketing of the MMI Group of companies, as well as distribution through independent financial advisers. Jeanette was previously an executive director at Allan Gray and has extensive knowledge of the retail investments market, intermediary distribution and operational aspects of retail asset management. Jeanette started her career at Momentum in 1990 to 1999, responsible for sales and marketing for the group and Momentum Administration Services. She filled executive level positions at Stanlib and Old Mutual before joining Allan Gray in 2009.

Appointed to board: 2018

Risto Ketola
Finance Director
Executive
Academic qualifications:
BSc, CFA Charterholder, Fellow of the Institute of Actuaries
LinkedIn
Experience:

Risto Ketola joined MMI in August 2016 to head up investor relations and business performance management. In this position, Risto was responsible for the investor relations function as well as the design, approval, monitoring, and reporting of balanced scorecards at various levels for the group. He has extensive experience as a financial services analyst and researcher with Standard Bank, Ketola Research and Deutsche Bank. As MMI's Group Finance Director, Risto is responsible for Investor Relations, Business Performance, Group Reporting, Finance Group-wide Services, Mergers and Acquisitions and Balance Sheet Management at MMI.

Appointed to board: 2018


Non-executive Directors


Johnson ("JJ") Njeke
JJ Njeke
Chairman
Non-executive
Independent
Academic qualifications:
BCom, BCompt (Hons), CA(SA), HDip Tax
Experience:

JJ Njeke, a chartered accountant, spent six years as audit partner at PricewaterhouseCoopers prior to his appointment as managing director of Kagiso Trust Investments on 1 June 1994. He remained in this position, serving on various boards in the Kagiso group, until his resignation on 30 June 2010. He is presently the executive chairman of Silver Unicorn Coal and Minerals (Pty) Ltd. He serves on the boards of Black Management Forum Investments ("BMFI"), Datatec, Delta Property Fund and Sasol Ltd.

Appointed to board: 2010

Louis von Zeuner
Deputy Chairman
Non-executive
Independent
Academic qualifications:
BEcon
LinkedIn
Experience:

Louis von Zeuner completed 32 years’ service at Absa and served as deputy group chief executive officer from 2009 until 31 December 2012. He has extensive business experience, including experience in audit, risk and capital matters, particularly in the financial sector. He currently serves on the boards of Telkom, ENX Group, Paycorp, Fairfax Africa, Afgri, African Bank (post curatorship), Cricket South Africa and SA Rugby. He is a member of the Institute of Directors.

Appointed to board: 2014

Fatima Daniels (Jakoet)
Non-executive director
Independent
Academic qualifications:
BSc, CA(SA)
Experience:

Fatima Daniels currently conducts her own business consulting practice. She has extensive corporate experience and has served on many listed boards since 1994. She previously served on the Metropolitan Holdings Board (May 1996 to November 2001). She is currently a director of the MTN Group (West and Central Africa Region), Clicks Group Ltd, Tongaat Hulett Ltd, Afrisam Holdings (Pty) Ltd and Rand Refinery Ltd.

Appointed to board: 2010

Prof Stephen Jurisich
Prof. Stephen Jurisich
Non-executive director
Independent
Academic qualifications:
BScHons Actuarial Science, FASSA, FFA
LinkedIn
Experience:

Prof Stephen Jurisich is the Head of the School of Statistics and Actuarial Science at the University of Witwatersrand. He is currently serving as a non-executive director on the Boards of MMI Holdings Limited and MMI Group Limited and is the Chairman of the MMI Actuarial and Fair Practices Committees. He is a Fellow of the Faculty of Actuaries in Edinburgh and Fellow of the Actuarial Society of SA. He has a wealth of actuarial experience, including previously being a director and consulting actuary at Quindiem Consulting, an executive committee member at Swiss Re Life Health in South Africa as well as being a member of various industry and actuarial professional committees.

Appointed to board: 2016

Prof. Niel Krige
Non-executive director
Independent
Academic qualifications:
MCom; FIA (London); AMP (Harvard)
Experience:

Prof Niel Krige has over 30 years experience in the life insurance and asset management industries. He was managing director of Momentum Life from 1988 to 1994, deputy chairman of the Momentum Group from 1995 to 2003 and chairman of the Life Offices Association from 2001 to 2002. His current positions include: professor: University of Stellenbosch Business School; Chairman: Development and Alumni Relations, University of Stellenbosch; director: Momentum Investments; chairman; Board of Trustees, Denel Retirement Fund; member: MMI Actuarial Committee.

Appointed to board: 2011

Jabu Moleketi
Non-executive director
Independent
Academic qualifications:
AMP (Harvard), MSc in financial economics (University of London), post-graduate diploma in economic principles (University of London)
Experience:

Jabu Moleketi is non-executive chairman of Brait SA, the Development Bank of South Africa, Vodacom and PPC Limited. He is a former Deputy Minister of Finance (2004-2008) and former MEC of Financial and Economic Affairs in the Gauteng Provincial Government (1994-2004). He is a director of several companies listed on the JSE Limited.

Appointed to board: 2010

Syd Muller
Non-executive director
Independent
Academic qualifications:
BCom (Hons), CA(SA), MBA, AMP (Harvard)
Experience:

Syd Muller was formerly the chairman of Woolworths Holdings and a director of other companies in the Wooltru group. He is chairman of the African Review Board of Air Liquide SA. He also sits on the boards of Long 4 Life and Choppies Enterprises Limited.

Appointed to board: 2010

Vuyisa Nkonyeni
Non-executive director
non-independent
Academic qualifications:
BSc (Hons); CA(SA)
LinkedIn
Experience:

Vuyisa Nkonyeni has more than 20 years’ experience in investment banking and private equity. He is a chartered accountant, having served his training contract with PricewaterhouseCoopers. Upon leaving PricewaterhouseCoopers, he joined Deutsche Bank in 1997, where he gained investment banking experience primarily in corporate and project finance advisory work over a four-year period. Previously, he served as the financial director of Worldwide African Investment Holdings (Pty) Ltd and as director at Actis LLP in their black economic empowerment funding unit. He was appointed as chief executive officer of Kagiso Tiso Holdings in January 2012 and resigned on 31 December 2017 to pursue various private business opportunities. He also serves on the boards of Emira Property Fund and Exxaro Resources.

Appointed to board: 2011

Khehla Shubane
Non-executive director
Independent
Academic qualifications:
BA (Hons), MBA
Experience:

Khehla Shubane is currently an independent policy analyst and consultant. He was employed at the BusinessMap Foundation, a monitoring and research organisation focusing on black economic empowerment. He has also worked for the Nelson Mandela Foundation as chief executive officer. He was a member of the Soweto Civic Association, a body that represented the local community in opposition to the then official local government institutions. He is currently a director of Nurcha (NPC).

Appointed to board: 2010

Frans Truter
Non-executive director
Independent
Academic qualifications:
BCom (Hons), CA(SA), AMP (Oxford)
LinkedIn
Experience:

Frans Truter was an associate director at Deloitte and worked at the South African Reserve Bank. He joined Momentum in 1988 as chief financial officer and over the years he has been involved with the transactions to acquire Lifegro, Southern Life, Sage, and Sovereign Health. He also served as executive director of strategic investments at Momentum. He resigned as a Momentum Group executive in 2007. He is currently involved in certain private equity investments and serves as a non-executive director on the boards of a number of companies.

Appointed to board: 2010

Johan van Reenen
Non-executive director
Independent
Academic qualifications:
BSc (Hons), MBA
Experience:

Johan van Reenen is currently an executive director of Imalivest. He has a wealth of expertise and experience in investment banking and asset management, both locally and internationally.

Appointed to board: 2010

Peter Cooper
Non-executive director
Independent
Academic qualifications:
B Com (Hons) (UCT) and an H Dip Tax Law (Wits)
Experience:

Peter Cooper, a qualified Chartered Accountant, previously served as the Chief Executive Officer and Financial Director of RMB Holdings Limited (RMH) as well as Rand Merchant Investment Holdings Ltd (RMI), until 2014. He is currently a non-executive director of RMH, RMI, OUTsurance and Imperial Holdings.

Appointed to board: 2015


Group Company Secretary


Leon Basson
Acting group company secretary
Academic qualifications:
BCom (Hons) CTA, CA(SA)
LinkedIn
Experience:

Leon Basson is the MMI acting group company secretary. He is a qualified Chartered Accountant who completed his articles with PricewaterhouseCoopers. He has been with the MMI Group since 1995, fulfilling various roles in the Group Finance team, including Head of Group Financial Reporting and Chief Accountant. He was appointed as acting company secretary in October 2018.

Complementary Content