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Momentum Metropolitan Holdings Limited Board of Directors

Momentum Metropolitan 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

Momentum Metropolitan Group Chief Executive Officer

Academic qualifications:

BCom (Econometrics), FASSA

Committee membership:

SETC and RCC

Experience:

Hillie, an actuary, has more than 35 years’ financial services experience. He has held leadership positions in insurance, pensions, investments and banking. He joined the Momentum Group in 1988 and served as its Managing Director from 1996 to 2005, after which he was a founder and managing executive of a private equity manager. He returned as Group CEO of Momentum Metropolitan in 2018.

Appointed to board: February 2018

Jeanette Cilliers (Marais)

Deputy Chief Executive Officer

Academic qualifications:

BSc (Mathematics and Statistics), MBA (cum laude) (IMD Switzerland), PED

Committee membership:

FPC

LinkedIn

Experience:

Jeanette, who has a strong track record of building profitable businesses at various financial institutions, is also Chief Executive Officer of Momentum Investments. She started her career at Momentum in 1990, filling various roles in actuarial product development, marketing and as part of the team that launched Momentum Administration Services, pioneering investment platforms in South Africa. She filled executive level positions at PSG, Stanlib and Old Mutual before joining Allan Gray in 2009 as co-head of retail business, where she became executive director. She is passionate about the upliftment of women and making financial services accessible to all South Africans.

Appointed to board: March 2018

Risto Ketola

Momentum Metropolitan Group Finance Director

Academic qualifications:

BSc, CFA Charterholder, FFA, FASSA

Committee membership:

AC and Investments Committee

LinkedIn

Experience:

Risto headed up investor relations and business performance management for the Group before taking up his current position. He has extensive experience as a financial services analyst and researcher with Standard Bank, Ketola Research and Deutsche Bank. As the Group Finance Director, he is responsible for investor relations, business performance, Group reporting, finance group-wide services, mergers and acquisitions and balance sheet management.

Appointed to board: January 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 spent six years as an audit partner at PricewaterhouseCoopers before taking on the role of Managing Director of Kagiso Trust Investment from 1994 to 2010. He is currently Executive Chairman of Silver Unicorn Coal and Minerals. He serves on the boards of Clicks Group Limited, Datatec Limited, Delta Property Fund and Motus Holdings Limited.

Appointed to board: December 2010

Fatima Daniels (Jakoet)

Non-executive director
Independent

Academic qualifications:

BSc, CA(SA)

Committee membership:

AUDIT and RCC

Experience:

Fatima, having previously had extensive corporate experience currently heads up her business consulting practice. She previously served on the Metropolitan Holdings Board (May 2005 to November 2010). She serves on the boards of Clicks Group Limited and MTN Ghana and Sudan.

Appointed to board: December 2010

Prof Stephen Jurisich

Prof. Stephen Jurisich

Non-executive director
Independent

Academic qualifications:

BSc Hons Actuarial Science, FASSA, FFA

Committee membership:

AC and FPC

LinkedIn

Experience:

Stephen, who is the Head of the School of Statistics and Actuarial Science at the University of Witwatersrand, has a wealth of actuarial experience, including previously being a director and consulting actuary at Quindiem Consulting and an executive committee member at Swiss Re Life Health in South Africa. He is a Fellow of the Institute of Actuaries and Fellow of the Actuarial Society of SA as well as being a member of various industry and actuarial professional committees.

Appointed to board: October 2016

David Park

Non-executive director
Independent

Academic qualifications:

BSc (Actuarial Science), FFA, FASSA

Committee membership:

AC, RCC and SETC

LinkedIn

Experience:

David is an independent consultant specialising in life insurance. He is an active member of the Actuarial Society of South Africa, where he sits on the Professional Matters Board and is involved in the development and provision of technical and professional training to trainee actuaries. David was previously a director/partner at Deloitte, where he was the statutory actuary of a number of life insurance companies, a key adviser to several insurance companies, and was involved in the development of the current South African insurance legislation.

Appointed to board: December 2019

Vuyisa Nkonyeni

Non-executive director
Independent

Academic qualifications:

BSc (Hons); CA(SA)

Committee membership:

RCC and Investments Committee

LinkedIn

Experience:

Vuyisa has more than 20 years’ experience in investment banking and private equity. He joined Deutsche Bank in 1997, where he gained investment banking experience before serving as the Financial Director of Worldwide African Investment Holdings Propriety Limited and as director at Actis LLP in their black economic empowerment funding unit. He joined Kagiso Tiso Holdings as Chief Executive Officer in January 2012 and he resigned in 2017 to pursue various private business opportunities. He serves on the boards of Emira Property Fund Limited and Exxaro Resources Limited.

Appointed to board: November 2011

Khehla Shubane

Non-executive director
Independent

Academic qualifications:

BA (Hons), MBA

Committee membership:

SETC and FPC

Experience:

Khehla is currently an independent policy analyst and consultant. He was previously 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.

Appointed to board: December 2010

Frans Truter

Non-executive director
Independent

Academic qualifications:

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

Committee membership:

AUDIT, REMCO, RCC and NOMCO

LinkedIn

Experience:

Frans has over 30 years’ experience in the financial services industry and has a wealth of expertise in insurance, investments and banking. He joined the Momentum Group (now Momentum Metropolitan) in 1988 as Chief Financial Officer and also served as Executive Director: Strategic Investments. He is currently involved in private equity investments and serves as a non-executive director on a number of other boards.

Appointed to board: December 2010

Johan van Reenen

Non-executive director
Independent

Academic qualifications:

BSc (Hons), MBA

Committee membership:

REMCO and RCC

Experience:

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

Appointed to board: December 2010

Peter Cooper

Non-executive director
Independent

Academic qualifications:

BCom (Hons), CA(SA), HDip Tax Law

Committee membership:

REMCO, NOMCO, Investments Committee

Experience:

Peter served as the Chief Executive Officer and Financial Director of RMB Holdings Limited (RMH) and Rand Merchant Investment Holdings Limited (RMI) until 2014. He serves on the boards of RMB Holdings Limited, Rand Merchant Investment Holdings Limited and Imperial Holdings Limited.

Appointed to board: November 2015

Lisa Chiume

Non-executive director

Academic qualifications:

BCom Business Finance and Economics, CFA

Committee membership:

REMCO, FPC and Investments Committee

Experience:

Lisa is a senior investment executive at Rand Merchant Investment Holdings (RMI) and RMB Holdings Limited (RMH) and is responsible for a number of RMI and RMH’s key investments. She is also co-portfolio manager for AlphaCode (RMI’s fintech and next generation financial services incubator) and has primary responsibility for identifying, partnering with and growing black financial services businesses as part of RMI’s enterprise development programme. She was previously Director: Country Coverage and Investment Banking at Deutsche Bank South Africa.

Appointed to board: March 2019

Dr Sharron McPherson

Non-executive director
Independent

Academic qualifications:

BA (Economics); Doctorate of Jurisprudence

Committee membership:

SETC and RCC

LinkedIn

Experience:

Sharron is the co-founder and executive director of 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. She is an Adjunct Senior Lecturer – Project Finance at the University of Cape Town’s Graduate School of Business and is also a co-founder and shareholder of Women in Infrastructure Development & Energy (WINDE), one of the largest and most impactful women’s infrastructure investment consortiums in Africa.

Appointed to board: March 2019

Sello Moloko

Non-executive director
Independent

Academic qualifications:

BSc (Hons), PGDE (Leicester), AMP (Wharton)

Committee membership:

NOMCO, REMCO and Investments Committee

Experience:

Sello, who was previously Chief Executive Officer of Old Mutual Asset managers and Chairman of the Alexander Forbes Group, General Reinsurance Africa and Sibanye-Stillwater, has a wealth of business experience. He is currently the Executive Chairman and co-founder of the Thesele Group, a black-owned investment holding company. He serves on the boards of Telkom SA SOC Limited and Stor-Age REIT Limited.

Appointed to board: March 2019

Linda de Beer

Non-executive director
Independent

Academic qualifications:

Chartered Director (SA), CA(SA), MCom(Tax)

Committee membership:

AUDIT, RCC and NOMCO

LinkedIn

Experience:

Linda serves on the boards of a number of JSE-listed companies and was recently appointed as Chair of the Public Interest Oversight Board, a public foundation in Spain, that monitors the setting of international technical and ethical standards for auditors, in the public interest. She is also an honorary professor (professor in practice) at the University of Johannesburg. She recently retired as a member of the King Committee, the Investor Advisory Group of the Public Company Accounting Oversight Board (PCAOB) in the USA and as Chair of the Financial Reporting Investigations Panel of the JSE. She serves on the boards of Aspen Holdings Limited, Omnia Holdings Limited and Tongaat Hulett Limited.

Appointed to board: March 2019

Paballo Makosholo

Paballo Makosholo

Non-executive director

Academic qualifications:

National Diploma Cost and Management Accounting; CTA; MCom (SA & International Tax); CA (SA)

Committee membership:

Investments Committee and SETC

LinkedIn

Experience:

Paballo Makosholo is the Group Chief Executive Officer at Kagiso Tiso Holdings (Pty) Ltd (“KTH”). He is a chartered accountant and previously held the position of Chief Financial Officer at Kagiso Trust and Chief Operations Officer at Kagiso Capital.

He serves on various boards associated with KTH these being Kagiso Media, Juta, Jacaranda, Mediamark, and Urban Brew Studios. He also serves on the board of UJ Invent. He previously served on a number of boards including FirstRand Limited.

Paballo is an experienced, well-rounded finance professional with more than 15 years experience in auditing, investment, finance, strategy development and implementation, governance, capital raising, mergers and acquisitions, operations and company restructures.

Appointed to board: July 2020

Group Company Secretary

Gcobisa Tyusha

Gcobisa Tyusha

Group Company Secretary

Academic qualifications:

BCom; Postgraduate Diploma in Business Management; Programme in Strategic Management and Corporate Governance

Experience:

Gcobisa Tyusha completed her articles at Deloitte. She has over 20 years’ experience in Company Secretariat and Governance, in the Financial Services industry. She has worked in development finance, banking and insurance companies.

Appointed: July 2019

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