Douglas Hoto

Group Chief Executive Officer

First Mutual Holdings Limited


Douglas Hoto is an accomplished business leader and currently holds the reins at First Mutual Holdings Limited as Group Chief Executive Officer since March 2012. He holds a Bachelor of Science Honours Degree in Mathematics (UZ), is a qualified Actuary with more than 25 years’ experience.  He is a Fellow of the Institute and Faculty of Actuaries of the United Kingdom 1999 (FIFA), and is also a Fellow of the Actuarial Society of South Africa (FASSA).

Douglas started his actuarial career with Old Mutual in 1990 and worked in both the Harare and Cape Town offices until 1999, when he joined First Mutual Life.  He rose through the ranks to become Managing Director of First Mutual Life in 2003 and Chief Executive of First Mutual Limited in 2004.

Douglas was instrumental in setting up First Mutual Reinsurance Company (FMRE Property & Casualty), TristarInsurance Company and African Actuarial Consultants from a Division of First Mutual Life Assurance Society.

His career has also seen him at the helm of Altfin Holdings.   In addition, Douglas is involved in community transformation initiatives focusing on education.  He works closely with national development organizations and is board member of Zimbabwe National Statistics Agency (ZIMSTAT).  He serves on a number of boards and is a past chairman of Actuarial Society of Zimbabwe.

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