GCI has joined forces with MEMP Financial Services to create GCI Health, which will focus on providing industry-leading services in the healthcare sector. Alex Cook, CEO of GCI, says that the merger creates a new entity with a unique service offering with the potential to redefine the market.
“In the 21 years of its existence, MEMP has established itself as a visionary leader in the industry. Their committed focus on the welfare of scheme members is a reversal of the typical employer-focused approach, and has earned them quite an extraordinary degree of loyalty from their clients – as shown by the fact that MEMP has never lost a corporate client,” he says. “MEMP’s client-centric approach and passion align closely with GCI’s ethos and our aim of helping 150 000 South Africans achieve financial stability by 2025.”
Based in Port Elizabeth/ Gqeberha, MEMP serves approximately 7 000 principal members in companies around the country. The company was founded by Rob Immelman, who will act as strategic advisor to GCI Health and operate as a Wealth Manager within the wider GCI Group. His previous career working for a large employee benefits company convinced him that a company which focused on the members themselves – rather than the employer – could make a huge contribution to their wellbeing.
“Becoming part of GCI represents a great opportunity for our team of dedicated experts to join a bigger organisation which can provide effective and cost-efficient back-office support, as well as access to a much larger client base,” Immelman says. “Both MEMP and GCI are passionate about making a real difference to our clients, and the formation of GCI Health means that together we can help more people manage their benefits – and their finances – more effectively.”