Saks Ntombela would be the CEO of SA’s second-largest short-term insurer, Hollard Insurance, from October 1, the company said on Tuesday. Ntombela, who is MD of Hollard’s life and investments division, takes over from Nic Kohler, who has overseen strong growth in the Enthoven family-owned company over the past decade. His appointment as CEO will be welcomed at a time when transformation in the financial services sector is under scrutiny, following parliamentary hearings into the matter. The recent departures of Liberty’s Thabo Dloti and Absa’s Phakamani Hadebe were viewed as a setback for transformation. Ntombela’s appointment will be regarded as a step forward. It comes following recent changes to senior leadership roles in the insurance industry, in which women have been appointed to top jobs. In 2015, Lizé Lambrechts became the first female CEO of Santam, SA’s largest short-term insurer. Other senior appointments include those of Viviene Pearson, who was made CEO of the South Afr...
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