UAP Old Mutual Group makes key executive appointments

This is four months after naming Arthur Oginga as CEO

In Summary

•Top executive at Standard Bank of South Africa appointed Chief Financial Officer.

•UAP Old Mutual Group also picks former Airtel executive as Chief Operations Officer.

The UAP Old Mutual Tower in Nairobi/
The UAP Old Mutual Tower in Nairobi/

Financial services firm UAP Old Mutual Group has made key appointments to its executive suite,  naming Arnold Dippenaar as the Group Chief Financial Officer. 

The company has also named Abdallah Hussein Khamis as the Group Chief Operations Officer, and Grace Wakonyo Thiong’o as Group head of compliance.  

The latest changes come only four months after the company named Arthur Oginga as the Group CEO to replace Peter Mwangi.

Dippenaar was until his appointment the head of product services, personal and business banking, Africa regions at Standard Bank of South Africa. 

Before that he was head of consumer credit card issuing, personal and business banking, and Chief Financial Officer at the same bank, having also worked at MTN Banking. 

In a statement on Friday, CEO Oginga said Dippenaar, who has worked in several countries across continents, brings an analytical approach and wealth of experience in leading multicultural teams.

UAP Old Mutual Group CFO Arnold Dippenaar/ COURTESY
UAP Old Mutual Group CFO Arnold Dippenaar/ COURTESY

“Arnold has over two decades of expertise within the banking sector, affording him the opportunity to operate between strategic, operational and tactical roles. He has demonstrated an analytical, factual and rational approach to business combined with a natural flair in leading multi-cultural teams,” said Oginga.  

Dippenaar, a chartered accountant, holds a post-graduate degree and a Bachelors degree in Accountancy from the University of Potchefstroom (North West) South Africa, and has attended several courses in banking and leadership development.  

On his part, Khamis once served as Chief Operating Officer at Airtel Kenya.

He was until his appointment the Managing Director at Zola Electric Nigeria and was previously Executive Vice President for Global Expansion at Off-Grid Electric (Zola Electric) for San Francisco, California. 

“Abdallah has over 20 years’ international and multi-industry experience in building organizations and accelerating enterprise value growth across 39 Sub-Saharan Africa countries,” said Oginga. 

Khamis holds an MBA from the Sloan School of Management at MIT (USA), an MBA from the University of Nairobi and a Bachelor of Education (Science) degree from Egerton University.

UAP Old Mutual Group Chief Operations Officer Abdallah Khamis/COURTESY
UAP Old Mutual Group Chief Operations Officer Abdallah Khamis/COURTESY

He also holds a Post Graduate Diploma in Marketing from the Chartered Institute of Marketing (CIM UK) and a Certificate in Negotiation from Harvard Law School.

Until her appointment as the Group Head of Compliance, Thiong’o was the head of risk and compliance at Faulu Microfinance Bank, a role she will continue to oversee. 

She has 18 years’ experience in Risk Management and Audit having worked at Australia New Zealand (ANZ) Banking Group and at Deloitte in Nairobi and Melbourne. 

Thiong’o holds a Bachelor of Commerce (Hons) degree from the University of Nairobi and is a Certified Public Accountant of Kenya (CPA-K), a Certified Internal Auditor (CIA) and a Member of the Institute of Internal Auditors in Australia (MIIA). 

She also graduated with an MBA from the Melbourne Business School on a scholarship by the Women in Leadership Program at the institution.

UAP Old Mutual Group Head of Compliance Grace Thiong’o /COURTESY
UAP Old Mutual Group Head of Compliance Grace Thiong’o /COURTESY

Ms. Thiong’o also holds a Risk Certification from the Harvard Business School.

UAP Old Mutual Group is a subsidiary of Old Mutual Limited, a listed company on the Johannesburg Stock Exchange with secondary listings on the London, Malawi, Namibia and Zimbabwe stock exchanges.

As a Pan-African financial services company with a strong heritage of 175 years, it has presence in 13 markets across Africa.

Regionally, the Group has a Sh20 billion property portfolio with iconic buildings; Equatorial Tower in South Sudan, Nakawa Business Park in Uganda and UAP Old Mutual Tower in Nairobi among others.  

In Kenya where it has been serving customers for 100 years, the UAP Old Mutual Group has the third largest short-term insurance business and a fast-growing Life Assurance business. 

 It has established diverse distribution networks via brokers, an agency force, direct sales, bancassurance, digital channels and supermarkets.

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