Karabo Morule

Bachelor of Business Science – University of Cape Town

Postgraduate Diploma in Actuarial Science – University of Cape Town

Advanced Management Programme – Harvard Business School

Ms. Karabo Morule is the second black woman to qualify as an actuary in South Africa and is now the first woman to join the board of the Centre of Excellence in Financial Services. Ms. Morule matriculated in 1999 with five distinctions and then went on to obtain her Business Science degree in Actuarial Science with first class honours from the University of Cape Town (UCT). After also completing a Postgraduate Diploma in Actuarial Science from UCT, she joined multinational financial services company J.P. Morgan as an analyst in 2005. In 2006 she moved to the company’s London, United Kingdom, office where she worked for three-and-a-half years. She returned to South Africa in 2009 because of her vision of what Africa could be and the great opportunities that exist in South Africa and the continent and joined Old Mutual in 2010. Since then, Karabo has held several management positions and excelled as a principled and far sighted leader. In January 2016 Karabo was appointed as Managing Director of Old Mutual Personal Finance, one of the Group’s largest business segments, servicing almost 2 million customers. Karabo is also a fellow of the Actuarial Society of South Africa (ASSA) and in 2014 she was recognised by Mail & Guardian as one of 200 young South African leaders who are shaping the country’s future. In 2018, Ms. Morule was one of only two South Africans to be invited to join the World Economic Forum’s community of Young Global Leaders (YGL) and she also received the Inkanyezi Award from the Association of South African Black Actuarial Professionals for her contribution to the actuarial profession.  Karabo was among 10 promising leaders from sub-Saharan Africa to be admitted that year to the distinguished community, compromising of the world’s most dynamic artists, business leaders, public servants, social entrepreneurs and technologists under the age of 40. She is also a Harvard Business School alumnus, having completed the Advanced Management Programme in May 2019.