<!-- wp:image {"align":"right","id":148736,"sizeSlug":"medium","linkDestination":"none"} --><div class="wp-block-image"><figure class="alignright size-medium"><img src="https://cover.co.za/wp-content/uploads/2022/04/Paul-Baloyi-April-2022-244x300.jpg" alt="" class="wp-image-148736"/></figure></div><!-- /wp:image --><!-- wp:paragraph --><p>It is with pleasure that the Momentum Metropolitan Group announces the appointment of Mr.&nbsp;Paul Baloyi as Chairman of the Group’s Boards*. Baloyi becomes a Board member immediately, assuming the role as Chairman from 1 July 2022. Peter Cooper remains Interim Chairman until then.&nbsp;</p><!-- /wp:paragraph --><!-- wp:paragraph --><p>Baloyi has an enviable depth of financial services expertise and excellent Board level experience along with valuable stakeholder management abilities. His&nbsp;professional and business-like approach is honed&nbsp;from many years as an executive and Board director. His executive experience is in the financial services sector, with an early upward trajectory in commercial and development banking institutions: Standard Bank (15 years), Nedbank (14 years) and the Development Bank of Southern Africa (DBSA), the last as CEO for six years.</p><!-- /wp:paragraph --><!-- wp:paragraph --><p>Since his departure from the DBSA in 2012, his Board roles have varied across the private and public sectors. Insurance sector experience has been gleaned from Board service at a number of insurers.</p><!-- /wp:paragraph --><!-- wp:paragraph --><p>Commenting on the appointment, Peter Cooper, Interim Chairman of Momentum Metropolitan Holdings (MMH) says, “Paul is an ideal candidate as Chairman of MMH; and we look forward to working with him. He brings to the table a decisive quality that aligns with our re-energised Reinvent and Grow strategy. Besides being highly respected in the financial services sector, Paul also has a strong and insightful understanding of the need for client excellence in a competitive retail environment. I am excited to welcome him to the Momentum Metropolitan family”.</p><!-- /wp:paragraph -->