OLD Mutual yesterday announced the appointment of Johannes !Gawaxab as Managing Director of its African operations.
!Gawaxab will be responsible for the company’s operations in Namibia, Kenya, Malawi and Zimbabwe from April 1, as well as expand its footprints in Angola, Nigeria and other selected African countries. Under !Gawaxab’s leadership, Old Mutual achieved an after-tax profit of N$340 million for the year that ended December 2005.”This is significantly ahead of the performance posted by any Namibian financial institution during the same period,” said Linda Schultz, corporate marketing consultant of the company.She said the company’s assets grew to more than N$13 billion under !Gawaxab’s management and he played a key role in finding solutions to questions around customer value in the industry.!Gawaxab said Old Mutual would accelerate its transition into a customer-facing business.”We are going to be working closely with Nedbank and Mutual and Federal to offer greater customer value and to explore growth opportunities in Namibia and other parts of Africa,” !Gawaxab said yesterday.!Gawaxab joined Old Mutual in 1998 as Chief Executive Officer of Old Mutual Asset Managers and was appointed Group CEO of Old Mutual in 2003.He has been nominated to do the Harvard management programme from September to December this year.Under !Gawaxab’s leadership, Old Mutual achieved an after-tax profit of N$340 million for the year that ended December 2005.”This is significantly ahead of the performance posted by any Namibian financial institution during the same period,” said Linda Schultz, corporate marketing consultant of the company.She said the company’s assets grew to more than N$13 billion under !Gawaxab’s management and he played a key role in finding solutions to questions around customer value in the industry.!Gawaxab said Old Mutual would accelerate its transition into a customer-facing business.”We are going to be working closely with Nedbank and Mutual and Federal to offer greater customer value and to explore growth opportunities in Namibia and other parts of Africa,” !Gawaxab said yesterday.!Gawaxab joined Old Mutual in 1998 as Chief Executive Officer of Old Mutual Asset Managers and was appointed Group CEO of Old Mutual in 2003.He has been nominated to do the Harvard management programme from September to December this year.
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