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Mr Mushosho

Business Reporter

Old Mutual Emerging Markets (OMEM) has appointed Jonas Mushosho regional CEO for Southern and East Africa following the departure of Mr Tavaziva Madzinga. The group announced that Mr Madzinga will be leaving Old Mutual after 15 years to pursue an international career opportunity with Swiss Re, where he will be the chief executive of the Middle East and Africa business.OMEM CEO Ralph Mupita thanked Mr Madzinga for the contribution he made to the success of the group, specifically the invaluable role he played in developing, driving and executing Old Mutual’s strategy in Southern and East Africa.

“This strategy remains pivotal to our vision and aspiration of becoming an African financial services champion. Given the reinsurance and partnership opportunities that lie ahead, we expect to continue working with Tava in his new role at Swiss Re, both in our life and short-term insurance businesses,” Mr Mupita said.

It was also announced that Mr Mushosho, who’s been the group CEO of Old Mutual Zimbabwe since 2012, will succeed Mr Madzinga with effect from 1 October 2016. Mr Mushosho, who will continue to be group CEO of Zimbabwe, will be based in Harare.

Mr Mushosho, a chartered accountant and MBA graduate, brings a wealth of knowledge and experience to the table. He has been with Old Mutual for 26 years and previous positions include managing director of the Life Business, group finance director and general manager of Retail Business in Zimbabwe.

Mr Mupita said: “Jonas has the critical experience in life, short-term insurance and banking that we need to drive our East Africa strategy forward and strengthen our footprint on the continent. He will work with Tava over the next few months to ensure a smooth handover.”

Mr Mushosho said: “It is with much gratitude that I tackle this wonderful opportunity to lead our OMSEA business. I know that I can count on the support of a very talented team in building on the great work done by Old Mutual stalwarts.”

Mr Madzinga commented: “I have enjoyed a tremendously exciting 15 years with Old Mutual and will miss my colleagues across the business. I believe the continent is rising and Old Mutual is well positioned to be successful in the African markets where it’s building a presence.”