Preceded by Jim Bowles Political party N/A Alma mater University of Malawi | Nationality Malawian Children 5 | |
Succeeded by Himself as Managing Director Of NICO Holdings Limited Full Name Felix Lafiel Mlusu Born March 23, 1951 (age 65)
Lilongwe, Nyasaland. ( 1951-03-23 ) Spouse(s) Sabbina Mlusu (1978-Present) | ||
Felix Mlusu (born 23 March 1951) is a Malawian financial executive. He is a former Managing Director and Chief Executive Officer of NICO Holdings Limited, a Malawian Multinational Holding Company.
Contents
NICO Holdings Limited is a financial services organisation involved in the business of general insurance, life insurance, pension administration, banking, mortgage finance, lease finance, asset management and information systems. The company is currently operating in six countries: Malawi, Tanzania, Uganda, Zambia, Zimbabwe and Mozambique.
Early life and education
Mlusu was born on 23 March 1951 in Lilongwe, Nyasaland (now Malawi). He went to Likuni Boys Secondary School where he graduated and was selected to go on to the University of Malawi. He obtained a Diploma in Business Studies from the University of Malawi, Polytechnic. He is a Chartered Insurer (UK), a Member of Society of Fellows of the Chartered Insurance Institute of London and a Member of the Institute of Directors in Southern Africa.
Mlusu has also attended management and technical training at various institutions including The Malawi Polytechnic, Witts Business School (Johannesburg, South Africa), Guardian Royal Exchange (London, UK), Munich Reinsurance Company (Munich, Germany), General Insurance Organisation (Sydney, Australia), College Of Insurance (Bombay, India) and Harvard Business School (Boston, USA).
Career
Mlusu joined National Insurance Company Limited in 1975 as a management trainee and rose through the ranks to the position of General Manager in 1994, the first Malawian to lead the company as all General Managers were expatriates. Mlusu then went on to become Managing Director of the restructured company NICO Holdings Limited a position which he held from 1996 until his retirement on 31 December 2015. It was during Mlusu’s tenure that NICO Holdings Limited (then the National Insurance Company Limited) became the first company to be listed on the Malawi Stock Exchange and also when the Company was successfully restructured from a composite insurance company to a financial services group, NICO Holdings Limited. He led NICO Holdings to undertake the first successful foreign investment for a Malawian company making NICO Holdings a multinational holding company.
Mlusu has served in the following organizations in various capacities:
Personal life
Mlusu is married to Sabbina Mlusu since 1978. The couple owns a home in the historical suburban neighborhood of Mandala in Blantyre. Together they have five children.