Peter Moyo is a Zimbabwean-born businessperson who is based in South Africa. He is the former CEO of the Old Mutual Group in South Africa. His employment with Old Mutual was terminated in June 2019 following disagreements over a conflict of interest issue with a company he owns, NMT Capital.[1]

Musician
Peter Moyo
Peter Moyo
BornMthandazo Peter Moyo
NationalityZimbabwe
Occupation
  • Businessperson

Contents

Education

Moyo has a Bachelor of Accounting Science (Honors) degree from the University of South Africa (association incorporated in terms of Section 21), and a Higher Diploma in Tax Law from the University of the Witwatersrand and is a Chartered Accountant (South Africa). He also completed an Advanced Management Programme from Harvard Business School.

Career

Peter Moyo was a Partner at Ernst & Young until August of 1997. In September 1997 he joined Old Mutual as a Divisional Manager of Old Mutual Life Assurance Company (South Africa).

Later, in June 1998 he became General Manager until August 1998. He then Chief Executive Officer of the Employee Benefits Division in September 1998 and served in that position until September 2000 when he became Deputy Managing Director of Old Mutual Life Assurance Company (South Africa)

In November 2005, he joined Alexander Forbes as its Group Chief Executive Officer.

Serving on Boards

Dispute and Separation From Old Mutual

In late 2018 a dispute between Moyo and Old Mutual relating to NMT Capital, a company co-founded by Moyo which Old Mutual had invested in for a 20% stake back in 2004. NMT Capital had declared a dividend which benefited Moyo and yet there were debts outstanding to Old Mutual. The declaration of the dividend was considered a conflict of interest.

Old Mutual said it had not “been provided with an acceptable explanation” and in May 2019 suspended Moy. On 18 June 2019, the Old Mutual announced that it had terminated Moyo's contact with Old Mutual following “unsuccessful attempts to engage on the terms of separation”.[1]

References

  1. 1.0 1.1 UPDATE ON PETER MOYO AND TERMINATION OF EMPLOYMENT, Old Mutual Official Website, Published: 18 June 2019, Retrieved: 18 June 2019