Old Mutual boss to step down

Old Mutual Zimbabwe group chief executive Jonas Mushosho

Old Mutual Zimbabwe group chief executive Jonas Mushosho, is set to leave the financial services giant before year end, at a time the firm is restructuring and bundling up its business operations.

Mushosho, who is a chartered accountant and an MBA graduate, has been with Old Mutual for 28 years, shepherding the group through some of the most turbulent times such as the hyperinflation era, which was characterised by policy uncertainty and government’s drive to nationalise foreign-owned companies under the guise of empowering locals.

He also doubled as the chief executive of the Old Mutual Emerging Markets’ rest of Africa business, which housed the group’s African operations save for South Africa