Western Cape Business 2017 edition

FOCUS
Old Mutual’s
Provincial Management Board
Old Mutual’s Provincial Management Board (PMB) was created to enable positive futures
through collaboration at all levels of the organisation.
What are the Provincial
Management Boards?
Each province in South Africa
has a board that is served by an
Old Mutual Exco member and
representatives from the business
units, including Corporate, Retail
Affluent, Retail Mass, Old Mutual
Investment Group, Mutual & Federal
and Nedbank.
What is their objective?
The boards were established in order
to drive priorities and performance
in the regions. Our key objective is to promote
collaboration and efficiency by aligning projects,
decisions and resources of the different business
units in the regions. This is to help Old Mutual
South Africa (OMSA) execute its strategy in the
regions with greater effectiveness.
The boards enable us to maximise synergies and
cross-fertilisation between the different businesses
in the regions and allow us to approach customers
and the communities we serve as one green group.
They also play an important role in building our
brand and reputation:
How do they benefit the communities you
operate in?
Through the relationships they manage, the
Provincial Management Boards play a key role
in positively impacting South Africa’s socioeconomic
development in the regions.
It is key to our corporate culture that we strive
to improve the lives of people and uplift the
communities we serve, and we believe that this
helps to keep the OMSA fortress strong.
Savarion Arendse,
Provincial
Management Board
Chairman
We also fully support the National
Development Plan (NDP) as, for us, the
fundamental objectives of the Plan
(reducing poverty, unemployment
and inequality) can best be achieved
through forging healthy public and
private partnerships.
How important is networking
in order to achieve the Board’s
objectives?
We believe strongly in the importance of
networking. Senior members of OMSA
as well as the Old Mutual Investment
Group go on roadshows across South Africa a couple
of times a year to visit various regions and meet with
Provincial Management Boards, key stakeholders
and employees.
The main objective is to build strong relationships and
networks, and then to share these insights and updates
with our colleagues throughout the Old Mutual group.
Who makes up the PMB membership and
what are their roles and responsibilities?
The PMB comprises senior leadership of each
business unit represented in the province, in addition
to senior leadership (regional managers) for Nedbank
and Mutual & Federal, as well as the OMSA Exco.
The roles and responsibilities of the PMB
chairperson is as follows:
• Fostering collaboration.
• Removing obstacles to the PMB’s successful
delivery, adoption and use.
• Maintaining at all times the focus of the PMBs
on the agreed scope, outcomes and benefits.
• Monitoring and managing the factors outside
the PMB’s control that are critical to its success.
WESTERN CAPE BUSINESS 2017
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