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MMI Group Ltd 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 IV, 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

Academic qualifications:

BCom (Econometrics), Fellow of the Institute of Actuaries

Committee membership:

SETC and RCC

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

Academic qualifications:

B.Sc. (Mathematics and Statistics), MBA (With Honours)

Committee membership:

No commitee appointment

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

Group Finance Director

Academic qualifications:

BSc, CFA Charterholder, Fellow of the Institute of Actuaries

Committee membership:

AC and Investments Committee

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

Committee membership:

NOMCO

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

Fatima Daniels (Jakoet)

Non-executive director
Independent

Academic qualifications:

BSc, CA(SA)

Committee membership:

AUDIT and RCC

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

Committee membership:

AC and FPC

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

Frans Truter

Non-executive director
Independent

Academic qualifications:

BCom (Hons), CA(SA), AMP (Oxford)

Committee membership:

AUDIT, REMCO, RCC and NOMCO

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

Lisa Chiume

Non-executive director

Academic qualifications:

BCom Business Finance and Economics, CFA (Level 3 Candidate)

Committee membership:

Audit Committee; Fair Practices Committee (FPC); Investments Committee

Experience:

Ms Chiume is a senior investment executive at Rand Merchant Investment Holdings (“RMIH”) and RMB Holdings Limited. As portfolio manager, she is responsible for a number of the key RMI investments. She is also co-portfolio manager for AlphaCode (RMI’s fintech and next generation financial services incubator) and she has primary responsibility for RMI’s enterprise development programme to identify, partner and grow black financial services businesses.

Prior to RMI, Ms Chiume was employed by Deutsche Bank South Africa as Director, Country Coverage and Investment Banking.

Appointed to board: 2019

Dr Sharron McPherson

Non-executive director
Independent

Academic qualifications:

BA (Economics); Doctorate of Jurisprudence

Committee membership:

Social, Ethics and Transformation Committee (SETC)

Experience:

Dr McPherson is co-founder and executive director at The Centre for Disruptive Technologies which leverages an impressive Africa-wide and global network of experts in disruptive technologies to advise government and businesses on digital transformation strategies. In addition, she is an Adjunct Senior Lecturer – Project Finance at the University of Cape Town – Graduate School of Business.

Dr McPherson is also a co-founder & shareholder of an investment consortium, Women in Infrastructure Development & Energy (WINDE). WINDE is one of the largest and most impactful women’s infrastructure investment consortiums in Africa.

Appointed to board: 2019

Sello Moloko

Non-executive director
Independent

Academic qualifications:

B.Sc (Honours); PGCE (University of Leicester); AMP (Wharton)

Committee membership:

Nominations Committee; Investments Committee

Experience:

Mr Moloko is the Executive Chairman and co-founder of Thesele Group, a Black owned investment holding company. He has more than 27 years of business experience. He is the independent non-executive Chairman of Sibanye-Stillwater and non-executive director of Telkom, Stor-Age REIT and Prudential Investment Managers.

He was previously Chairman of Alexander Forbes Group and General Reinsurance Africa, and CEO of Old Mutual Asset Managers.

Appointed to board: 2019

Acting Group Company Secretary

Karen Waldeck

Acting Group Company Secretary

Academic qualifications:

LLB

Experience:

Karen Waldeck-Kruger is an admitted attorney with over 10 years experience in company secretarial and corporate governance practice. After obtaining her LLB degree at the University of Johannesburg, she completed her articles of clerkship at Derek Mazaham Attorneys. She attended Advanced Company Law I and II during 2016 at Wits headed by Prof. Michael Katz. She also attended the full time practical legal training course at the School for Legal Practice. During her studies she participated in the Webber Wentzel Student Vacation Programme. She enrolled for a Master of Law (LLM), specialising in Corporate Law and completed all the required subjects for the degree.

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