Ralph Mupita calls it quits at Mutual Emerging Markets
Ralph Mupita, the CEO of Old Mutual Emerging Markets (OMEM), resigned on Monday to pursue other interests, the life insurer said in a statement. Mupita will serve a notice period of three months, and the group has launched a search process for his successor. His resignation will not affect Old Mutual’s managed separation process whereby it plans to split itself into four parts, leaving OMEM has its core business listed in Johannesburg and London. "I will work very closely with OMEM’s strong and deep management team to ensure there is no disruption to the business or its customers while we seek Ralph’s successor," Old Mutual CEO and OMEM chairperson Bruce Hemphil said in the statement. "Meanwhile, the managed separation process is unchanged and we will continue to maintain our engagement with key stakeholders throughout." Mupita intends to pursue interests outside of the financial services industry, Old Mutual said.
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