Vice Chairman: Sanlam Pan Africa
Nationality: South African
Year of birth: 1958
Vice Chairman since 2019.
Mr Ngulube holds the position of Vice Chairman, Sanlam Pan Africa (SPA). He will hold this position until his retirement at the end of 2020. In his Vice Chair capacity, he supports SPA with business development and stakeholder management across Africa.
Mr Ngulube’s professional career spans over 35 years. He joined Sanlam as CEO of the Sanlam Corporate cluster in February 2016, while at the same time becoming a member of the Sanlam Group Executive Committee. From October 2016, he assumed the role of CEO of Sanlam Emerging Markets, taking responsibility for the rest of Africa, India and Malaysia. In August 2019, Mr Ngulube retired from this position and has been transitioning out of the CEO role into SPA Vice Chairman.
Prior to joining Sanlam, he spent 28 years with the Munich Reinsurance Company of Africa, as its CEO for Sub-Saharan Africa for the last 8 years. His long stint with Munich Reinsurance started with his role as Agricultural Insurance Specialist and thence he held various positions within the organisation, including being a member of the Executive Team. He had a 2-year secondment to the Group head office in Munich, Germany, where he headed up a global IT project until 2007 when he was appointed CEO for Sub-Saharan Africa.
He has led many industry bodies in South Africa, fulfilling the positions of President of the Insurance Institute of Gauteng, Chairman of the Insurance Industry Employers’ Association, and President of the Insurance Institute of South Africa.
He was named one of the world’s top 1 000 smartest CEOs in Andrew Davidson’s 2009 book entitled 1000 CEOs – a top accolade in recognition of his success in running a culturally diverse and successful business in South Africa.
Mr Ngulube holds a BSc Agric (Hons) degree from the University of Zimbabwe, an MSc Agric degree from the Pennsylvania State University, and a Diploma in Financial Management from Damelin College, South Africa.
He has also completed the following programmes at various global institutions: Risk Management from Munich Reinsurance, a Georgia State University programme, Insurance Executive Development Programme at the Wharton University of Pennsylvania, and the Executive Leadership Development Programme at INSEAD in France.