Sanlam CEO: We want to retain 'premier' position

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Paul Hanratty has been appointed as new Sanlam CEO. Photo: Supplied.
Paul Hanratty has been appointed as new Sanlam CEO. Photo: Supplied.

In less than two months at the helm, the new CEO of South Africa's largest insurer, Paul Hanratty, has announced sweeping changes at Sanlam, including the reconfiguration of the company's biggest business unit and progress in establishing the black-owned asset management company first envisaged in 2018.

Sanlam also announced a shakeup in its executive committee, including a number of black external appointments, including current First Rand Bank treasurer, Mlondolozi Mahlangeni, as the insurer's chief risk officer and chief actuary, another Old Mutual blood, Kanyisa Mkhize, as CEO of Sanlam Corporate, and CEO of African Rainbow Life Bongani Madikiza as CEO of SA Retail Mass.

These come over and above the recently announced appointment of Abigail Mukhuba, who will takeover as the company's financial director in October.

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