Sanlam, one of South Africa’s leading financial services groups, is headed by Paul Hanratty as the Group Chief Executive Officer (CEO) and Executive Director. Hanratty has been at the helm since July 2020, bringing a wealth of experience from his extensive career in the insurance and financial services industry.
Paul Hanratty’s Background and Career
Paul Hanratty started his career in the insurance industry in 1984. Over the years, he has held various significant roles in financial service businesses across South Africa, Africa, the United Kingdom, and other international markets. Hanratty holds a Bachelor of Business Science (BBusSc) Honours degree in Actuarial Sciences from the University of Cape Town and is a Fellow of the Institute of Actuaries.
Sanlam’s Leadership Team
Sanlam’s leadership team is composed of highly experienced professionals who guide the company’s strategic direction. Some key members of the board include:
- Temba Irvine Mvusi: Independent Non-Executive Director
- Abigail Muelelwa Mukhuba: Group Finance Director & Executive Director
- Andrew Birrell: Independent Non-Executive Director
- Patrice Motsepe: Deputy Chair, Non-Executive Director
CEO Compensation
Paul Hanratty’s compensation package reflects his pivotal role in steering Sanlam towards continued success. His contract guarantees a set amount of R6.13 million in cash every year for five years, with 10% of his final payout being guaranteed.
Conclusion
Paul Hanratty’s leadership at Sanlam underscores the company’s commitment to excellence and strategic growth. With a robust leadership team and a clear vision, Sanlam continues to be a formidable player in the financial services sector in South Africa and beyond.