Alexander Forbes in bold strategy shift

In a dramatic shift in strategy that further distances SA’s largest pension fund administrator from the CEO it sacked six months ago, Alexander Forbes said it planned to offload its insurance business, which generates about 40% of the group’s revenue.

The proposed sale signals that the group is scaling back on retail operations that serve individual customers to focus predominantly on institutions such as pension funds. This is in stark contrast to a strategy the board approved three years ago during former CEO Andrew Darfoor’s tenure which sought to grow the retail business serving individuals.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA's Alex Forbes exits insurance in strategic overhaulAlexander Forbes’s decision to exit the business comes four months after Dawie de Villiers started work as chief executive in place of Andrew Darfoor who had been fired two months before.
Source: ewnupdates - 🏆 30. / 53 Read more »

Here are the top 5 cities with the most billionaires | IOL Business ReportThe 2019 Forbes World's Billionaires List featured 2153 members and revealed that 551 of them lived in 10 of the world's ...
Source: IOL - 🏆 46. / 51 Read more »

SA's Alex Forbes exits insurance in strategic overhaulAlexander Forbes’s decision to exit the business comes four months after Dawie de Villiers started work as chief executive in place of Andrew Darfoor who had been fired two months before.
Source: ewnupdates - 🏆 30. / 53 Read more »