Former Old Mutual Chief Executive Officer Jonas Mushosho Equity Group Holdings Plc as a Non-Executive Director to its board following the retirement of Christopher Newson.
Jonas brings on board a wealth of leadership experience, having previously served in senior leadership positions in both the private and public sectors. He has led multi-national portfolios in different lines of business, particularly in financial services.
He served as the Chief Executive Officer at Old Mutual Zimbabwe Limited between 2012 and 2019. He also doubled up as the Managing Director for Old Mutual Rest of Africa, where he was responsible for strategy implementation, stakeholder management, investment performance management, governance and compliance and functional effectiveness of the Old Mutual Business in 12 countries in the continent.
He is currently a Director at Brooks & Oracle, a council member at Zimbabwe Open University and serves as a non-executive director at Delta Corporation.
Jonas holds a Bachelor of Accounting Science from University of South Africa, Bachelors Degree in Accounting and an MBA from the University of Zimbabwe.
He also has postgraduate qualifications from the University of Cape town, Graduate School of Business, London Business School and Harvard Business School among others. He is a Chartered Accountant and a Fellow of the Institute of Chartered Secretaries and Administrators.
Speaking while welcoming him to the board, Equity Group Chairman Prof. Isaac Macharia said, “We are delighted to bring on board Jonas as a new Non-Executive Director to the Group board. He brings a wealth of broad executive leadership experience in leading strategy implementation in a multi-national environment, which will be key as we seek to strengthen our regional subsidiaries. At the same time, we are biding Chistopher Newson farewell. Although he has served the board for a year, he has used his immense experience as a seasoned banker across the region to provide strategic oversight.” Commenting on his appointment, Jonas said, “I am thrilled to be joining the board at a time when the company has reached the Kes 1.12 trillion total assets base and is focused on strengthening its regional business. By working together with the highly skilled management and staff at Equity, we will be able to further grow our business and continue to provide inclusive financial services in the countries we serve in furtherance of the Group’s vision of championing the socio-economic prosperity of the people of Africa.”
Equity has experienced tremendous growth as a regional brand that has seen the bank bag several international awards including being named the Best Bank for SMEs in the 2021 Euromoney Awards, Best Regional Bank in Eastern Africa in the 2021 African Banker Awards, and was named among the top 1,000 global banks by The Banker Magazine.