Year of birth: 1961
Mr Paul Hanratty has been a member of the Board of directors since 2017. He qualifies as an independent non-executive director and is the Chairman of the Audit committee as well as a member of the Risk and Compliance and Social, Ethics and Sustainability committees. The Board has appointed him as Audit committee financial expert. He is also an expert in actuarial, risk and compliance as well as ethical governance.
Mr Hanratty obtained his bachelor’s degree in Actuarial Sciences (B.Bus.Sc (Hons) from the University of Cape Town in 1984. He is a fellow of the Institute of Actuaries (FIA). Mr Hanratty started his career at Old Mutual SA in 1984 where he filled various roles including that of Head of Product Development. He was appointed CEO of Old Mutual SA – a position which he occupied from 2006 until 2008. From 2009 to 2010 he was appointed as CEO of Long Term Savings and was responsible for the insurance and asset management businesses of Old Mutual in the USA, the UK, Scandinavia, Europe, SA as well as Africa and other emerging markets. He served as the Old Mutual Group Operating Officer until his retirement in 2016.
As Chairman at Old Mutual SA from 2010 to 2016, he was responsible for the emerging markets insurance and asset management business and the UK Wealth Management business, as well as serving on the board of Nedbank and driving the restructuring of the South African group to prepare for the “Twin Peaks” regulations in SA.
Mr Hanratty has been a director of MTN since 2016, is the non-executive Chairman of Intelligent Debt Management (IDM), and also serves on the board of Columbia Leadership – a leadership development charity for young people.
Mr Hanratty is Chairman of the Audit committee, Chairman of the Finance committee and Ignite (business transformation) Advisory committee and a member of the MTN Group. He is also a member of the Audit and Risk committee and the Chairman of the Remuneration committee of the IDM.