Malusi Ndlovu | Managing Director: Mass Foundation Cluster | Effective 1 July 2026

Ndlovu returns to Old Mutual with an expanded playbook forged at Absa, where he consolidated a major wealth business, rebuilt adviser productivity and constructed new distribution channels from scratch. Before that, at Old Mutual Corporate, he closed some of the largest and most complex employee benefits transactions in South Africa and spearheaded the acquisition and integration of the Remchannel business, outperforming its business case within two years. He takes the helm of the Mass and Foundation Cluster at a moment when unlocking long-term value in the mass market is central to the Group’s growth story.