Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, has appointed Mr Zomunoda (Zom) Chizura as Head of the Impact Funds team.
The Impact Funds team manages funds targeted specifically for affordable housing, access to quality education and promoting SMME businesses.
Between the years 2014 to 2017, Zom was Chief Executive Officer of Old Mutual West Africa based in Lagos, Nigeria from where he led the roll out of the Old Mutual brand and client solutions in the retail and corporate markets in Ghana and Nigeria. In this role, he was also central to the strengthening and growth of Old Mutual’s strategic bancassurance partnership with Ecobank.
Zom first joined Old Mutual as Head of Research for Old Mutual Asset Managers in Zimbabwe in 1999 after working as a management consultant for PriceWaterhouseCoopers. Over the years, Zom has worked and held leadership positions in investment management, property management and life assurance management in Old Mutual Zimbabwe. In 2012, he rose to the position of Deputy Chief Executive Officer of Old Mutual Zimbabwe, before taking up the role of Chief Executive Officer of Old Mutual West Africa in 2014.
Zom is a Chartered Financial Analyst and holds a BSc Engineering (Hons) and an MBA degree from the University of Zimbabwe as well as a Master of Engineering degree from Victoria University in Australia.
Paul Boynton, Chief Executive Officer of OMAI, says: “We are delighted to announce Zom Chizura’s new role as Head of the Impact Funds team. The Impact Funds team actively invests in assets and regions where they have identified gaps or backlogs in social infrastructure, creating commercially sustainable investments that have large scale impact while producing positive community benefits in South Africa. In this role, Zom is also responsible for supporting OMAI’s ambition to expand its Africa footprint.”