Marjorie Mayida is the first woman Managing Director within Old Mutual Group in Zimbabwe. She is responsible for driving the growth of Old Mutual Investment Group (OMIG). The business units under her leadership, namely wholesale, retail and property management, command a market share of 50 percent, 55 percent and 44 percent, respectively, making Old Mutual a major player in the Zimbabwe investment management market; hence driving the direction of the industry. Her portfolio contributes between 10 to 15 percent of Old Mutual’s Africa performance, excluding South Africa. OMIG is also the largest institutional investor on the Zimbabwe Stock Exchange.
Marjorie Mayida Career Growth
Marjorie has risen from the ranks within the Old Mutual Group, having joined Old Mutual Asset Managers in 1999 as an Information Technology Officer. Last year, she played an instrumental role supporting the Zimbabwe Stock Exchange with the launch of the first electronic funds transfer (EFT) system in Zimbabwe.
Throughout her career, she has led several notable transactions, including Eastgate SME Mall in Harare, the biggest SME Mall in Southern Africa, with 12,000m2 of trading space. Earlier, she was successful in steering the turnaround strategy for Old Mutual Property, resulting in positive outcomes in financial performance, staff cohesion, control environment and stakeholder management.
Among several charities, Marjorie supports Junior Achievement Zimbabwe (JAZ) and serves as a non-executive board member of the not-for-profit organization that is dedicated to educating young people about business, economics and free enterprise. In 2020, about 23,000 lives were reached through JAZ financial literacy programs in primary and secondary schools across the country.