Old Mutual Investment Group appoints Tebogo Naledi as its new Managing Director

Old Mutual Investment Group has announced the appointment of Tebogo Naledi as its new Managing Director. The appointment will see Naledi replace current MD, Khaya Gobodo, who will now focus on his role as the overall MD of Old Mutual Investments.

Gobodo, until now held dual roles as MD of Old Mutual Investment Group and Old Mutual Investments, an entity which comprises Old Mutual Investment Group, Old Mutual Alternative Investments, Futuregrowth Asset Management, Old Mutual Specialised Finance and Marriott Asset Management. The appointment of Naledi will allow Gobodo to apply a more focused lens on growing the overall Old Mutual Investments business.

“The COVID-19 pandemic required adaptation within our business, but it was also a year where we gained greater clarity on the strategic steps that we needed to take in order to strengthen the businesses within the Old Mutual Investments cluster,” he explains. “The focus of OMIG is to provide listed asset solutions through the management of Listed Equity (SA, Global and Africa), Multi-Asset (SA and Global) and Liability Driven Investments (Passive and Active). The appointment of Tebogo, with his extensive experience and deep understanding of our business, will allow for more focused and dedicated leadership of Old Mutual Investment Group. This is key because Old Mutual Investment Group is a key part of the overall Old Mutual Investments cluster, delivering listed solutions and managing R355 billion in clients’ assets out total R687 billion for the Old Mutual Investment cluster."

With 23 years of experience in investments – mostly in leadership roles within asset management businesses, with 13 of those years spent as either CEO or MD – Naledi has played a significant role in the reshaping of OMIG’s institutional sales and client management capability, having held the role of Director of Institutional Business since May 2018. He has also played a critical part in driving the transformation strategy and actively contributed to the development of the current business strategy.

Speaking about his appointment, Naledi says that he looks forward to building onto the existing strategic direction of the business. “I’m excited about the prospects that lie ahead for our business as we continue to strive to deliver the best results for our clients. Clients are our number one priority and I, and the other members of our leadership team, remain unwavering in our commitment to investment performance, service excellence and having a clear sense of purpose, which I believe matter most in an asset management business.”

ENDS

JENNA WILSON

Head of PR I Old Mutual Investment Group T. +27 (0)21 509 5667 C. +27 (0)76 736 1852 E. jwilson@oldmutualinvest.comoldmutualinvest.com