Roy Punungwe takes helm at Old Mutual Ghana

By InstinctBusiness Feb 13, 20250

Old Mutual Ghana has announced the appointment of Roy Punungwe as its new Group Chief Executive Officer (CEO). Punungwe succeeds Tavona Biza, who has led the company for nearly six years with distinction.

Punungwe, an experienced business leader and actuary, has been with Old Mutual Limited since 2015, holding key leadership roles across South Africa, Botswana, and Malawi. Before his appointment in Ghana, he served as CEO of Old Mutual Botswana and later as Managing Director of the Life Assurance business in Malawi.

With expertise in business growth, leadership development, and stakeholder value creation, Punungwe is expected to steer Old Mutual Ghana toward further innovation and expansion. He holds an MBA from Middle Tennessee State University in the United States and an undergraduate degree from the University of Waterloo in Canada.

Additionally, he has completed executive leadership programs at globally renowned institutions such as Said Business School, Harvard Business School, INSEAD, and IMD. He is also a member of the American Academy of Actuaries and the Conference of Consulting Actuaries.

Expressing his excitement about the new role, Punungwe stated, “I am honoured to take on this leadership position at Old Mutual Ghana. The Ghanaian market presents immense opportunities, and I am confident that, with the dedication of our talented team, we will continue to create great value for our customers and shareholders while positively impacting our community. Old Mutual Ghana is well-positioned to drive innovation and enhance financial solutions that empower individuals and businesses to achieve financial prosperity.”

Outgoing CEO Tavona Biza reflected on his tenure, noting the strides made in strengthening the company’s position in Ghana:Old Mutual Ghana appoints Punungwe as new Group CEO

Ghana’s financial sector. “It has been an honour and a pleasure to lead Old Mutual Ghana. Together with our team and stakeholders, we have enhanced customer trust and positioned Old Mutual as a premier financial services provider in Ghana. I have full confidence that Roy, with his leadership and expertise, will take the business to new heights,” Biza remarked.

Old Mutual Ghana has assured its customers and stakeholders that the transition will be seamless, with no disruptions to service delivery. The company remains committed to providing world-class financial solutions, including life insurance, pension plans, savings plans, group life benefits, and travel insurance.

Founded in Ghana in 2013, Old Mutual Ghana is a key player in the country’s financial sector, leveraging international expertise and deep local market knowledge. The company is part of the Old Mutual Group, a leading pan-African financial institution with a legacy of securing financial futures and delivering innovative financial services across the continent.