Managing Director of Old Mutual Personal Finance resigns
Old Mutual Limited has announced that Karabo Morule the Managing Director of Old Mutual Personal Finance, has resigned for personal reasons.
Morule will remain in her role as Managing Director of Old Mutual Personal Finance for three months to assist with the transition to the internal successor.
Old Mutual is confident its internal leadership bench-strength will yield a suitable successor, ensuring seamless business continuity in the best interests of clients and stakeholders.
Old Mutual Limited Acting Chief Executive Iain Williamson said, "Karabo is a great product of our company’s leadership talent development, and we wish her well in her future endeavors. Similarly, her successor will be drawn from Old Mutual’s internal reservoir of leadership talent".
Williamson started his journey with Old Mutual in 1999 according tohid LinkedIn page. From there he worked for the company for 16 years in various roles including Senior Manager, GM for Finance and Finance Actuary.
He then joined Old Mutual Emerging Markets for 2 years where his final position was Finance Director before moving to Old Mutual Limited as their Chief Operating Officer.
He is also the Acting Chief Executive at Old Mutual Limited since June 2019. He has been with Old Mutual Limted for 2 years. Williamson has studied at the University of Cape Town and Harvard Business School.
Old Mutual is a leader in transformation among financial services sector peers. Last week Old Mutual received the “Most Transformed Retirement Fund of the Year” award from the Association of Black Securities and Investment Professionals (“ABSIP”).