Momentum Metropolitan appoints Paul Baloyi as Chairman of the Board
Johannesburg - The Momentum Metropolitan Group has today announced the appointment of Mr. Paul Baloyi as Chairman of the Group’s Boards, which include Momentum Metropolitan Holdings Ltd Board of Directors and Momentum Metropolitan Life Ltd Board of Directors.
The Group said Baloyi assumes the Board memberships immediately, and the role as Chairman from 1 July 2022, while Peter Cooper will remain Interim Chairman until then.
Baloyi has an enviable depth of financial services expertise and excellent Board level experience along with valuable stakeholder management abilities, coupled with his professional and business-like approach honed from many years as an executive and Board director, said the Group.
His executive experience is in the financial services sector, with an early upward trajectory in commercial and development banking institutions: Standard Bank (15 years), Nedbank (14 years) and the Development Bank of Southern Africa (DBSA), the last as CEO for six years.
Since his departure from the DBSA in 2012, his Board roles have varied across the private and public sectors. Insurance sector experience has been gleaned from Board service at a number of insurers.
Commenting on the appointment, Peter Cooper, Interim Chairman of Momentum Metropolitan Holdings (MMH) says, “Paul is an ideal candidate as Chairman of MMH; and we look forward to working with him. He brings to the table a decisive quality that aligns with our re-energised Reinvent and Grow strategy. Besides being highly respected in the financial services sector, Paul also has a strong and insightful understanding of the need for client excellence in a competitive retail environment. I am excited to welcome him to the Momentum Metropolitan family”.