Suspended Old Mutual CEO Peter Moyo denies wrongdoing

Old Mutual CEO Peter Moyo says his suspension from the company relates to a disagreement over how the company should engage with investment firm NMT Capital, which he founded.

Moyo, who previously served as CEO of NMT Capital and remains a nonexecutive director, said the relationship between the companies had always existed and been properly disclosed.

Old Mutual Chair Trevor Manuel says the group’s board was satisfied with Moyo’s performance, but this conflict of interest is what caused a problem.
Business Day TV spoke to Peter Moyo about the detail of the conflict of interest that led to his suspension.
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