Sanlam CEO returns, new unit announced
By GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – SANLAM has announced a new cluster while former Chief Executive Officer, Dr Johan van Zyl, has been appointed to the Sanlam Limited and Sanlam Life Insurance Limited Boards.
Appointed a non-executive director, van Zyl will be an Ubuntu-Botho Investment Holdings (UB) nominated representative on the boards.
Sanlam Limited Chairman, Desmond Smith, confirmed van Zyl’s return.
“We are pleased to welcome Johan back to the Board, this time in his capacity as a representative of our partners, Ubuntu-Botho. We look forward to his contribution to the Board where we expect that he will add considerable value,” said Smith.
Further, Sanlam has announced the establishment of Sanlam Corporate, a business cluster that will support the delivery of an enhanced and integrated offering to the Group’s corporate clients in South Africa and ultimately to the rest of the African continent.
Zimbabwean executive, Junior Ngulube has been appointed as the Chief Executive Officer (CEO) of the newly-formed cluster.
Ngulube will take up his position from February 1 and will be a member of the Sanlam Executive Committee.
Currently, Sanlam operates through four business clusters: Sanlam Emerging Markets, Sanlam Investments, Sanlam Personal Finance and its short term insurance subsidiary, Santam.
Sanlam Group CEO, Ian Kirk, said the new cluster was in line with Sanlam’s overarching strategy and it is a logical development for the Sanlam business.
“As we grow and strengthen this part of our business and as we build our footprint across the African continent, we need to focus on developing deeper and new relationships with corporates and their advisors and we need the relevant management and leadership skills to achieve our objectives,” Kirk said.
Sanlam is listed in South Africa and Namibia
– CAJ News
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