The Board of MMI Holdings has announced that Nicolaas Kruger will be stepping down as CEO of MMI Holdings with effect from February 15, 2018. Furthermore, the Board announced that Hillie Meyer has agreed to join MMI on a three-year contract as CEO of MMI Holdings. Hillie is no stranger to the group, having served as the CEO of Momentum from 1996 to 2005.

Hillie is currently the managing partner of Nodus Investment Managers. Hillie will start in the role of group CEO on 15 February 2018. To further strengthen the management team the Board has announced that Jeanette Marais will join the group as a second Deputy CEO.

Her appointment is effective 1 March 2018. Jeanette was previously an executive director at Allan Gray and brings extensive knowledge of intermediary distribution and operational aspects in retail asset management. She will be responsible for the Momentum Investments centre of excellence, as well as certain marketing and distribution activities in the group.

Risto Ketola, current CFO of MMI Holdings, has been appointed the group's Financial Director (FD). Following Risto's appointment as FD and Jeanette's appointment as Deputy CEO, the group will have four executive directors. Mary, Jeanette and Risto will work closely with Hillie.

Part of Hillie's responsibilities will be to further develop the executives reporting to him in order to strengthen the executive talent pool at MMI Holdings.