UAPHL BoD Subsidiary Boards

A wealth of experience to guide our business

  • Joseph Dr. Joseph Barrage Wanjui Chairman

    Dr. Joseph Barrage WanjuiChairman

    BA Physics and Mathematics, Ohio Wesleyan University. Msc. Engineering, Columbia University.


    Date of Birth: 1937

    Dr. Wanjui has been a director within the Group since 1986 where he later became Chairman of the Board in 1998.

    His prior experience includes being the Chief Executive of East Africa Industries (which later became Unilever), chairman of CfC Stanbic Bank Limited and Chancellor of the University of Nairobi.

    Currently, Dr. Wanjui sits as chairman and Board member of a number of other Kenyan and international organizations.

    In recognition of his exemplary contributions to positive change in society, he was awarded the Chief of the Order of the Burning Spear (CBS) of the Republic of Kenya.

    Other Directorships:

    Bawan Holdings Limited

    Wishbone Limited

    Kikuyu Highlands Tea Company Limited

    Tiwi Beach Hotel Limited

    Camp David Retreat Limited

    Olemonana Enterprises Limited

    Hakika Limited

  • Jonas Jonas Mushosho Non-Executive Director

    Jonas Mushosho Non-Executive Director

    MBA University of Zimbabwe Bachelor of Accounting, The University of Zimbabwe Bachelor of Accounting Science


    Date of Birth: 1958

    Professional Qualifications

    FCIS (Fellow of the Institute of Chartered Secretaries and Administrators)

    Jonas has garnered vast senior managerial experience having worked in various financial positions within Old Mutual. These include, serving as the Finance Director and later as Managing Director/CEO of Old Mutual Zimbabwe from June 2009 to date.

    Currently, Jonas is the Old Mutual Rest of Africa Chief Executive Officer, a position covering 13 countries in Africa except South Africa and the Group Chief Executive Officer of Old Mutual Zimbabwe Limited. He also sits on various boards including the Zimbabwean Revenue Authority and Central Africa Building Society (CABS). 

    In line with his profession, Jonas is a Fellow of the Institute of Chartered Secretaries and Administrators (FCIS), a member of the Institute of Chartered Accountants in Zimbabwe & South Africa as well as the Institute of Certified Tax Accountants in Zimbabwe (ICTA).

    Other Directorships

    Sorebank Investments P/L

    Old Mutual Life Assurance Company Zimbabwe Ltd

    Old Mutual Zimbabwe Limited

    Central Africa Building Society

    Old Mutual Life Assurance Company (Namibia)

    Old Mutual Holdings (Namibia) (Pty) Ltd

    Old Mutual Africa Holdings (Pty) Ltd                     

  • Peter Dr. Peter W. Muthoka Independent Non-Executive Director

    Dr. Peter W. MuthokaIndependent Non-Executive Director

    Honorary Degree of Doctor of Management and Leadership (D.ML) (Honoris Causa), by The Management University of Africa (MUA), M A (Education), with special reference to UN Agencies, University of California at Los Angeles (UCLA) in U.S. A, B A (Hons), University of East Africa, Nairobi Campus, Economics & History.


    Date of Birth: 1943

    Professional Qualifications

    FKIB - Fellow, Kenya Institute of Bank,

    FKIM - Fellow, Kenya Institute of Management,

    DID- Director of Institute of Directors, Kenya


    Dr. Muthoka is the Chancellor of Masinde Muliro- University of Science and Technology (MMUST). Previously, Dr. Muthoka has served as Group Chairman of Kenya Commercial Bank.

    He is now the current Chairman of the Faulu Micro Finance Bank and the UAP Old Mutual Foundation.

    Through his illustrious career, Dr. Muthoka has been a corporate leader and an entrepreneur with long and varied experience in public and private sectors in the fields of management, education, finance, investment, export promotion, agriculture, real estate, corporate governance, international diplomacy, and community voluntary work.

    In recognition of his exemplary service within the Kenyan Public Service and international organizations, the President of the Republic of Kenya awarded him with the medal of Moran of the Burning Spear (MBS) in 2004 and the Medal of Elder of the Burning Spear (EBS) in 2012.

    Other Directorships

    Old Mutual Investment Group Limited

    Old Mutual Life Assurance Ltd

    UAP Old Mutual Foundation

    Marituzzo Investments Ltd

    Bel Air Management Ltd

    Advocates Plaza Ltd

    Kenyan Institute of Management

    The Management University of Africa

    Kenya Red Cross

    Institute of Directors, Kenya

    Faulu Microfinance Bank   

  • James James Muguiyi Non-Executive Director

    James MuguiyiNon-Executive Director

    Fellow of the Institute of Certified Public Accountants of Kenya (FCPA (K))


    Date of Birth: 1943

    Professional Qualifications

    Fellow of the Institute of Certified Public Accountants of Kenya (FCPA (K)) 

    Between 1988 and 2001, Mr. Muguiyi was the Deputy Managing Director at UAP Holdings. During this time, he oversaw the merger of Provincial Insurance with Union Insurance to form UAP Provisional Insurance in 1994. Mr. Muguiyi later rose to serve as Group Managing Director for UAP Holdings.

    During this period, he oversaw the growth of the Group’s business in Kenya, and the expansion into the neighbouring Uganda in 2004 and South Sudan in 2006.

    In 2008, under Mr. Muguiyi, the group restructured and he also oversaw the demerger of Life Insurance Business from General Insurance Business in Kenya.

    Other Directorships

    UAP Insurance Company Limited

    UAP Insurance Uganda Limited

    UAP Insurance Tanzania Limited

    UAP Insurance Sudan Limited

    UAP Africa Limited

    UAP Global Services Limited

    Aimsoft Kenya Limited


  • Paul Paul Truyens Independent Non-Executive Director

    Paul Truyens Independent Non-Executive Director

    BSc Mathematical Statistics, University of Cape Town. BA Economics, University of Cape Town. BA(Hons) Economics


    Date of Birth: 1948

    Professional Qualifications:

    Fellow of the Actuarial Society of South Africa.

    Fellow of the Institute of Actuaries (UK).

    Certified Enterprise Risk Actuary (2013)

    Paul’s experience in the Insurance industry spans to 38 years. He commenced his working career in 1978 as CFO and Chief Actuary, World-Wide Re (UK), a position he left in 1979. In 1980 he joined Southern Life (South Africa) as GM Product Development. He was promoted to Executive Director, CFO in 1995 & Appointed Actuary of Southern Life and subsequently rose in 1998 to become a member of the executive management team and appointed actuary of the Southern Life fund, Momentum Life. Paul served in these positions till 2001. He went on and took up an appointment as senior manager PwC Netherlands in 2002 and served as such up to 2007. In 2008 he took up a role with Metlife in Ireland as Senior Finance Actuary.

    Other Directorships

    Old Mutual Insurance

    Mutual and Federal Risk Financing

    Infrastructure Finance Corporation

    UAP Insurance Kenya

    Old Mutual Holdings (Kenya) Limited

    Old Mutual Life Assurance Limited

  • Susan Susan Omanga Independent Non-Executive Director

    Susan OmangaIndependent Non-Executive Director

    Bachelor of science in Business Management with minor in Advertising, Rocky Mountain College, Montana, Associate of Business Management, North West Community College, USA


    Date of Birth: 1960

    Professional Qualifications

    International Advertising Association (IAA),

    Member - Marketing Society of Kenya (MSK),

    Member - Public Relations Society of Kenya (PRSK),

    Member Association of PR and Communications APReCom,

    Bel Africa Club

    Susan is the CEO and founder of Exclamation Marketing Ltd. She previously served in senior marketing positions at Colgate Palmolive, Boots Kenya, Barclays Bank, and Standard Chartered. From 2004 -2012 she served as a non-executive Director in the Group Board of KCB where she was also Chairman of KCB Foundation, Director S & L Mortgages for 2 years and Director KCB Uganda for 4 years.

    Susan sits on the Board of Longhorn Publishers and Kenya Tea Packers Limited (KETEPA). She is also an advisory board Member at the University of Nairobi’s Green Horn Mentorship programme, a member of the Marketing Society of Kenya, the Public Relations Society of Kenya (PRSK) and the International Advertising Association (IAA).

    Other Directorships

    Longhorn Publishers

    Kenya Tea Packers Limited (KETEPA)

    University of Nairobi Green Horn Mentorship Programme

  • Iain Iain Williamson Non-Executive Director

    Iain WilliamsonNon-Executive Director

    BSc. Actuarial Science and PdG. Actuarial Science, University of Cape Town. General Management Programme graduate, Harvard Business School.


    Date of Birth: 1970

    Professional Qualifications

    Fellow of Actuarial Society of South Africa (FASSA).

    In 1993, Iain joined Old Mutual in Employee Benefits: Risk, where he gained experience in pricing, valuation, product design, contract wording and reinsurance of Risk products.

     Williamson, In 1996, he was appointed as Manager: Actuarial Finance of Individual Life Old Mutual South Africa, and relocated to London in 1999 when he progressed to Senior Manager of Corporate Development, Old Mutual plc.  

    Later, in 2003, he moved to Cape Town after being appointed COO of Wealth Management, Old Mutual South Africa, a business consisting of a start-up institutional division and a retail division.  His responsibilities included Finance, HR, IT and Legal/Compliance functions.

    Iain became accountable for strategy, business planning, communications, and product platforms for Old Mutual South Africa Technology in 2004, when he was appointed as Head: Strategy and Product Platforms.

    He then went on to become Finance Actuary for Old Mutual South Africa in 2007, where he was accountable for the actuarial finance function for the Retail Affluent and Retail Mass Market business units, as well as for OMLACSA capital management. Then in 2009 Iain joined Retail Affluent, as General Manager: Finance, before he was promoted to Managing Director: Retail Affluent in 2011.

    He was appointed Financial Director, Old Mutual Emerging Markets in August 2015.

    From 1 January to 1 June 2017, Iain served as Interim CEO. Effective 1 September 2017, Iain was appointed Chief Operating Office of Old Mutual Emerging Markets. 

    Other Directorships

    Old Mutual Emerging Markets Limited

    K2013226459 (South Africa) (Pty) Ltd

    Old Mutual (Africa) holdings (Pty) ltd

    OM Portfolio Holdings (South Africa) (Pty) Ltd

    Old Mutual Zimbabwe Limited

  • Mike Mike Harper Independent Non-Executive Director

    Mike HarperIndependent Non-Executive Director

    MBA, Advanced Management Program, University of Cape Town Certified Financial Planner, University of Free State Bsc. Actuarial Science major, University of Cape Town


    Date of Birth: 1955

    Professional Qualification

    IOD, Institute of Directors

    Mike has previously served on the Boards of Old Mutual Unit Trust, Old Mutual Investment Group and the Council of the Botanical Society of South Africa.

    Having worked in the Old Mutual Group since 1979, Mike was appointed chairman of Mutual & Federal in May 2012.

    Over the years, Mike has served in several executive positions including Strategy Director for Old Mutual Emerging Markets, leading strategic work across Asia, Latin America, South Africa and Africa markets. He also served as Distribution Executive on the OM Group Long Term Savings executive in London.

  • Vincent Vincent Rague Independent Non-Executive Director

    Vincent RagueIndependent Non-Executive Director

    MBA, Darden Business School University of Virginia BA (Hons) Economics, Statistics and Government, The University of Nairobi


    Date of Birth: 1953

    Vincent is a co-founder of Catalyst Principal Partners, a Nairobi based private equity fund Manager. He has over 25 years’ experience in investments, banking corporate finance and policy advisory work having worked at the National Treasury, the International Finance Corporation (IFC) and the World Bank. He also serves as a non-executive director and chairman on several corporate boards. 

    Other Directorships

    Jambo Jet

    City Lodge

    Pan African Infrastructure Fund (PAIDF)


  • George George Maina Non-Executive Director

    George MainaNon-Executive Director

    B.Tech (Hons) Aeronautical Engineering and Design, Loughborough University of Technology.


    Date of Birth: 1952

    Professional Qualifications

    Management Consultant

    George began his career in Aeronautical Engineering and went on to serve in the capacity of Deputy Managing Director and Marketing Manager for the Shell Company in the Jamaica, Ghana and East Africa Markets. Through this experience, George gained expertise in various sectors including: Strategy development and implementation, Governance, Organization development/ re-engineering and capacity building, Change Management, Risk Management, Finance and Investment Management, Mergers, Acquisitions and Exits, as well as Investment banking. 

    He joined the UAP Holdings Board in May 2017, through Faulu Microfinance bank where he has served the microfinance business since 2010 and was instrumental in leading the restructuring and divestiture of the bank.

    George has held directorships in various Shell Group of Companies covering marketing, manufacturing and refining companies. He is currently a director in various companies in the Financial Service sector. He is also a member of Remuneration and Nomination committee, credit committee and strategy committee at Faulu Microfinance Bank.

    Other Directorships

    Faulu Microfinance Bank Limited

    Faulu MFB Insurance Agency Ltd

    BAT (Kenya) Ltd

    NIC Bank Limited

    Starehe Boys Centre

    Afrika Investment Bank Ltd

  • Robert Robert Mbugua Independent Non-Executive Director

    Robert Mbugua Independent Non-Executive Director

    MBA Bond University Graduate School of Business


    Date of Birth: 1967

    Professional Qualifications

    CPA (K)

    Robert started his career at PricewaterhouseCoopers (PwC) in Kenya in 1989 and rose through the ranks to the position of Partner in June 2001, in the Johannesburg office where he served until the year 2003.

    He has worked in various capacities in the financial services sector such as Managing Director of Standard Bank from 2003 through to 2011.

    Robert joined the board with effect from July 2017. He is a qualified accountant and also chairs the BOC Gases Limited Audit Committee.

    Other Directorships

    Old Mutual Holdings, Kenya

    Old Mutual Life Assurance Company, Kenya

    BOC (K) Ltd

    Fleet Africa Group

  • Peter Peter Mwangi Group Chief Executive Officer

    Peter MwangiGroup Chief Executive Officer

    BSc. Electrical Engineering, University of Nairobi.


    Date of Birth: 1969

    Professional Qualifications

    Certified Public Accountant. CPA (K),

    CPS (K),

    Investment Securities Analyst, ISA

    Chartered Financial Analyst, CFA

    Certificate in Finance and Investment - Institute and Faculty of Actuaries, UK,

    Diploma in Actuarial Techniques - Institute and Faculty of Actuaries, UK,

    Advanced Management Programme    Strathmore Business School, Strathmore University, Kenya (in conjunction with Lagos Business School, Nigeria and IESE Business School, Spain

    Peter joined Old Mutual Kenya as the Chief Executive in October 2014 from Nairobi Securities Exchange (NSE) and later became the Group CEO following the merger of UAP and Old Mutual.

    At the NSE, he served as the Chief Executive Officer for 6 years. During his time at the helm of the NSE, Peter is credited with, amongst other things, the successful demutualization and self-listing of the NSE.

    Prior to this, Peter was the Managing Director of Centum Investment Company which is Kenya’s largest publicly quoted investment company. Early in his career, Peter served in the Kenya Air Force and held the rank of Captain.

    Other Directorships

    Funguo Investments Limited

    BAT (Kenya) Limited

    Central Depository & Settlement Corp. Ltd

    As part of his mandate as the Group CEO, Peter serves on the various subsidiary boards as a director.

Fund Prices
Old Mutual Money Market Fund Daily Yield : 5.13%  Annual Rate: 5.25%
Old Mutual Equity Fund Buying Price: 370.72  Selling Price: 370.72
Old Mutual Balanced Fund/Toboa Buying Price: 149.62  Selling Price: 149.62
Old Mutual Bond Fund Buying Price: 101.45  Selling Price: 101.45

Fund Prices

Fund Prices at 19th March 2019

Fund Name Currency Daily Yield Effective Annual Rate
Old Mutual Money Market Fund Kenya Shillings 5.13% 5.25%
Fund Name Currency Buying Price Selling Price
Old Mutual Equity Fund Kenya Shillings 370.72 370.72
Old Mutual Balanced Fund/Toboa Kenya Shillings 149.62 149.62
Old Mutual Bond Fund Kenya Shillings 101.45 101.45

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