Alexforbes, a JSE-listed financial services group, announced a boost to its investment team on Monday, appointing specialised chief investment officers to strengthen its institutional, retail, and private markets offerings.
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Alexforbes, a JSE-listed financial services group, announced a boost to its investment team on Monday, appointing specialised chief investment officers to strengthen its institutional, retail, and private markets offerings.
It said in a statement the move is aimed at delivering superior outcomes for clients across various regions as well as to maintain its position as a leading investment destination
Senzo Langa, a 14-year veteran of the firm, has been promoted to Institutional Chief Investment Officer, leveraging his extensive experience to drive institutional investment strategies.
Gyongyi King, who has served as Chief Investment Officer for eight years during her 15-year tenure, will transition to Retail Chief Investment Officer while also taking on the role of Private Markets Chief Investment Officer. King’s dual appointment reflects her integral role in the company’s private markets programme, which has grown to R9 billion in assets under management since 2017.
Dawie de Villiers, the CEO at Alexforbes, said: "This appointment underscores the importance Alexforbes places on serving individual clients and advisers."
King will oversee Discretionary Fund Management, supported by senior team members Nadir Thokan and Fay Khan.
The company is also establishing a dedicated research pillar led by Premal Ranchod, the head of Manager and Environmental, Social, and Governance (ESG) Research since 2017. Backed by Mercer’s global research capabilities, this unit aims to enhance manager research and ESG integration.
Executive chief economist Mpho Molopyane will continue to provide economic and market insights, supporting the team’s risk management efforts.
A new strategy function, headed by Donovan McKay since 2010, will focus on portfolio management and investment solutions.
Alexforbes said," These changes position Alexforbes for continued success and reinforce its commitment to delivering compelling investment outcomes for all clients"
The announcement follows a robust financial performance, posted in December, with operating income rising 12% to R2.14 billion for the six months ended September 30, driven by higher assets under management, acquisitions, and strong two-pot pension claims volumes. Total closing assets increased 25% year on year to R568 billion.
Alexforbes share price has been on a bullish three-year run, up 76.67%. By 4.22pm the share price was 1.83% lower at R8.03.
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