Old Mutual, a long-term savings, protection and investment provider, has appointed Ralph Mupita as the CEO to drive its Emerging Markets businesses, effective from 1 February 2012.
Mupita will replace Kuseni Dlamini, who has resigned to pursue other business opportunities. However, Dlamini will stay in an advisory capacity until the end of March 2012, Old Mutual said.
Prior to Old Mutual, Dlamini was CEO of Anglo American South Africa. He also worked as the executive chairman of Richards Bay Coal Terminal, the single largest coal export terminal in the world as well as for AngloGold Ashanti and De Beers.
Mupita had joined Old Mutual in 2000 and is currently the CEO for Old Mutual Emerging Markets: Life and Savings since March 2011.
He also worked as managing director of the unit trusts division in 2004 and in 2006 he was the strategy director and led the development of several new businesses within the group. In 2008, Mupita was the managing director of the retail division and tasked with driving the growth of Old Mutual.
Old Mutual, founded in 1845 and headquartered at South Africa, provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia.