Momentum Metropolitan Holdings Limited Business Structure and Governance

Author

Reads 13K

A modern office building in London, Ontario, showcasing a geometric design against a cloudy sky.
Credit: pexels.com, A modern office building in London, Ontario, showcasing a geometric design against a cloudy sky.

Momentum Metropolitan Holdings Limited is a multinational insurance company with a complex business structure. The company operates through a network of subsidiaries and affiliates in several countries.

At the helm of the company is a Board of Directors responsible for overseeing the overall strategy and direction. The Board is composed of experienced professionals with a deep understanding of the insurance industry.

The company's governance structure is designed to ensure effective decision-making and risk management. A key aspect of this structure is the presence of independent non-executive directors who bring a fresh perspective to the table.

Momentum Metropolitan Holdings Limited is committed to maintaining high standards of corporate governance, which includes transparency and accountability in all its operations.

Management and Governance

The management team at Momentum Metropolitan Holdings Limited is led by CEO Jeanette Marais Cilliers, who has been in the role since July 31, 2023.

Jeanette Marais Cilliers, the CEO, has a wealth of experience, with an age of 58.

Credit: youtube.com, Momentum Metropolitan Group's new Boss Jeanette Marais joins us in the C-Suite.

Other key members of the team include Director of Finance/CFO Risto Ketola, who has been with the company since June 21, 2017.

Here is a brief overview of the management team:

Lulama Booi, the Corporate Officer/Principal, is a relatively young member of the team, with an age of 43.

Management

The management team at Momentum Metropolitan Holdings Ltd is comprised of experienced professionals who bring a wealth of knowledge and expertise to the table.

The CEO, Jeanette Marais Cilliers, has been leading the company since July 31, 2023, and brings 58 years of experience to the role.

Risto Ketola has been the Director of Finance/CFO since June 21, 2017, and has been with the company for over six years.

Ravikumaran Govender is the Chief Tech/Sci/R&D Officer, appointed as of December 31, 2023.

Lulama Booi, who has been with the company for an unknown period of time, serves as the Corporate Officer/Principal, bringing 43 years of experience to the role.

Here's a brief overview of the management team:

Board of Directors Composition

Credit: youtube.com, Board of Directors Composition

The Board of Directors for Momentum Metropolitan Holdings Ltd is made up of 9 members.

The Chairman of the Board is Peter Cooper, who has been in the role since November 2021. He is 69 years old.

One of the longest-serving board members is Stephen Jurisich, who has been a Director since September 2016. He is 60 years old.

The youngest member of the Board is Seelan Gobalsamy, who is 49 years old and has been a Director since May 2021.

The Board also includes several other members with diverse backgrounds and experience.

Here's a list of the Board of Directors:

Financial Information

Momentum Metropolitan Holdings Limited has reported significant growth in its sales by activity over the years. In 2024, the company's sales reached a total of 12.01B for Guardrisk, 8.49B for Momentum Corporate (Excl. Momentum Metropolitan Health), 6.76B for Momentum Retail, 6.32B for Metropolitan Life, 3.34B for Momentum Metropolitan Africa, and 7.45B for Momentum Investments.

Credit: youtube.com, Momentum Metropolitan declares strong dividend as earnings soar

The company's shareholder numbers have also fluctuated over time. In 2020, Momentum Metropolitan Holdings Limited had 453 million shareholders, which increased to 1.35 billion in 2024. This indicates a significant growth in the company's shareholder base over the years.

Momentum Metropolitan Holdings Limited has reported varying sales figures for different segments. For example, the company's sales for Momentum Retail have remained relatively stable, ranging from 10.8B in 2020 to 11.86B in 2023.

Here is a breakdown of the company's sales by activity for the fiscal period of June:

The company's sales for Momentum Metropolitan Health have increased over the years, reaching 4.4B in 2024.

Investor Relations

Momentum Metropolitan Holdings Ltd operates various subsidiaries that cater to a wide array of financial needs.

The company's headquarters is located in Centurion, South Africa, and it offers a diverse portfolio of services that extend beyond its home country's borders.

By providing life insurance, short-term insurance, and asset management, among other services, Momentum Metropolitan taps into the growing demand for wealth management and insurance.

Credit: youtube.com, MMI Investor Introduction

The company generates income through underwriting profits and investment returns, while its asset management divisions earn fees based on assets under management.

Momentum Metropolitan positions itself as a resilient and adaptive entity in a competitive industry landscape by leveraging technology and data analytics to enhance customer engagement.

The company's strategic blend of traditional financial services with modern technological advancements enables it to provide personalized solutions that improve profitability and customer retention.

Frequently Asked Questions

What companies are under Momentum Group?

Momentum Group operates under several brands, including Momentum, Metropolitan, Guardrisk, and Eris Properties. These brands offer a range of financial services in South Africa.

Who bought Momentum?

Metropolitan acquired Momentum, making it a wholly owned subsidiary. Metropolitan issued new shares to FirstRand in exchange for Momentum.

Verna Walter

Lead Writer

Verna Walter is a seasoned writer with a passion for finance and business. With a keen eye for detail and a knack for research, she has established herself as a trusted authority on the European financial landscape. Verna's expertise spans a wide range of topics, from the inner workings of the European Central Bank to the intricacies of the Austrian stock market.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.