Old Mutual Shakes It Up with the Appointment of Prabashini Moodley as CEO of Reconfigured Life & Savings Segment

Old Mutual Limited has ushered in a new era of leadership by appointing Prabashini Moodley as the CEO of the reconfigured Life & Savings segment, as announced in recent shareholder communication. Scheduled to commence her responsibilities from 1st August 2025, Moodley will be steering a segment comprises of Personal Finance, Old Mutual Wealth Management, Old Mutual Corporate, and the Mass and Foundation Cluster (MFC) - excluding banking. Meanwhile, a shift of oversight has also been declared, with Old Mutual Finance and Old Mutual Transaction Services moving under the OM Bank CEO, Clarence Nethengwe.

Group CEO, Jurie Strydom, conveyed his confidence in Moodley’s appointment, expressing certainty that her leadership would foster value creation across the business units. The move to shift old Mutual’s banking operations under a single executive supervision is seen as a strategic step towards aligning the banking activities in South Africa and gearing up for the debut of OM Bank.

Old Mutual’s reshuffle comes as part of their ongoing commitment to promoting organisational efficiency, operational effectiveness, and delivering sustained value to their customers and stakeholders. As an esteemed African financial service group with operations extending to China, Old Mutual continues to evolve with the aspiration to serve its wide spectrum of retail and corporate customers optimally.