Africa-Press – South-Africa. South Africa’s biggest unit trusts provider, Sanlam-owned Satrix has appointed the former investment manager of the Government Employees Pension Fund (GEPF) as its CEO following Helena Conradie’s departure last year.
Fikile Mbhokota assumed the position on Wednesday. Sanlam Investment’s chief financial and operational officer, Reece Briesies, has been the acting CEO since Conradie’s departure in October.
Mbhokota has more than 18 years’ experience in the financial services sector, having worked for Old Mutual Asset Consulting, Momentum Asset Management, Riscura and Absa Asset Consultants before joining the GEPF. In her last role at the GEPF, she was acting head of investments and actuarial.
She holds a Master’s Degree in Finance and is currently studying towards a PhD in the same field. She has completed private equity, strategic asset allocation, manager selection and master custody programmes at the Institute for Limited Partners in Chicago and the World Bank.
“We are beyond thrilled to welcome a leader of Fikile’s calibre to Satrix. Her exceptional leadership pedigree will bring deep value to all tiers of the business,” said Briesies.
He added that the company, which has over R160 billion in assets under management, was in good hands given the breadth of her experience which will help Satrix deliver on its goals and maintain its leading position in the index-tracking and EFTs market.
Mbokota is only the second permanent CEO for Satrix. Conradie had been there from the start, managing Satrix money while she was still under Sanlam Investments when the company launched SA’s first index-tracking fund (ETF) in 2000.
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