UAP old mutual

UAP Old Mutual Picks Top Investment Banker to Head Asset Unit

Banking & Finance
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UAP Old Mutual Group has appointed Ewart Salins, an experienced investment banker who has previously worked in leading financial and securities trading firms to head its asset management unit. Ewart will now serve as the Group Managing Director – Asset Management.


An ex-CEO at African Alliance Kenya Investment Bank, Ewart has also recently served as Executive Director at Kestrel Capital, a leading local stock brokerage, and as General Manager at Dry Associates, an investment advisory firm.


He is currently a Director at the Kenya Association of Stockbrokers and Investment Banks (KASIB) and a former Director of Pacis Insurance Company, the insurance arm of the Catholic Church.


UAP Old Mutual CEO Arthur Oginga says Ewart brings in a wealth of experience and passion for development of the capital markets in the region.  “He is a securities industry veteran who has shown exemplary commitment to deepening of the capital markets in Kenya and the region,”

said Oginga.


Ewart will be expected to steer the Asset Management business of UAP Old Mutual in a challenging environment amidst the uncertainty posed by Covid-19.  The unit oversees Unit Trusts Funds and also acts as the Fund Manager for various corporate pension schemes.


Besides dedicating his time to the capital markets, he is actively involved in mentoring and supporting young Kenyan entrepreneurs and university students.



UAP Old Mutual Group is a diversified financial services firm comprising Old Mutual, UAP Insurance and Faulu Microfinance Bank.  The firm has 1.2 million customers across Kenya, Uganda, Tanzania, Rwanda and South Sudan.

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The Group operates an integrated financial services business model, is one of the largest in East Africa and offers customers insurance, investment, banking and savings solutions. UAP Old Mutual was formed in 2015 after Old Mutual PLC acquired a controlling stake in Faulu Microfinance Bank in 2014 and UAP Holdings PLC (formerly UAP Holdings Limited) in 2015.


The UAP Old Mutual Group is part of Old Mutual Limited (OML). As part of OML, the Group is able to leverage technology and technical expertise to better serve customers as well as offer broad career growth prospects for employees. The Group operates in Kenya, Uganda, South Sudan, Rwanda and Tanzania.

In Kenya where it has been serving customers for 100 years, the UAP Old Mutual Group has the third largest short-term insurance business and a fast-growing Life Assurance business.  It has established diverse distribution networks via brokers, an agency force, direct sales, bancassurance, digital channels and supermarkets.


In South Sudan, the Group has the largest short-term insurance business. In Uganda, the Group has the largest Life Assurance Business and has the second largest short-term business in the country.  UAP Old Mutual also has short term insurance businesses in Rwanda and Tanzania.


Regionally the Group has a Kshs. 20B property portfolio with iconic buildings; Equatoria Tower in South Sudan, Nakawa Business Park in Uganda and UAP Old Mutual Tower in Nairobi among others.

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By Joan Wambui

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