Clarence Nethengwe

Chief Executive Officer, OM Bank

Clarence Nethengwe is Chief Executive Officer of OM Bank, in the role since February 2025.

OM Bank is Old Mutual's digital-first bank, approved to operate in early 2025. Customers reached 750 000 by the end of June 2026.

In the job

  1. Was proposed as CEO-designate of Old Mutual Bank, effective 1 November 2024 subject to regulatory approval. Source

  2. Received Prudential Authority approval to serve as OM Bank chief executive, with immediate effect. Source

  3. Took executive oversight of Old Mutual Finance and Old Mutual Transaction Services while remaining OM Bank CEO. Source

Career before

  1. 2009-2024Managing director, Mass and Foundation Cluster, Old Mutual
  2. 2024-2025CEO-designate, Old Mutual Bank

Sources

  1. timeslive.co.za
  2. businesstech.co.za
  3. bizcommunity.com
  4. insurancebiz.co.za
  5. businesstech.co.za

Facts last checked 3 November 2026. Spotted something out of date? Tell us.

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