|
AFP
AFP
AFP - Alexander Forbes Preference Share Investments - Sello Moloko Appointed As
Chairman Of Alexander Forbes
Alexander Forbes Preference Share Investments Limited
(Formerly Micawber 515 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/031561/06)
Share code: AFP & ISIN number: ZAE000098067
SELLO MOLOKO APPOINTED AS CHAIRMAN OF ALEXANDER FORBES
The Alexander Forbes Equity Holdings (Pty) Limited ("Alexander Forbes") Board of
Directors has announced that Sello Moloko will assume the position of Chairman
of Alexander Forbes with effect from 1 December 2007.
Moloko is currently Chairman and founding shareholder of Thesele.
He holds a BSc Honours degree in Mathematics and a Post Graduate Certificate in
Education from the University of Leicester. In 2003, he completed the Advanced
Management Program (AMP) at The Wharton School at the University of
Pennsylvania.
John van Wyk of Actis said, on behalf of the Board: "Sello brings extensive
experience in the financial services arena. He began his career at Alexander
Forbes and thereafter assumed the role of CEO of Old Mutual Asset Management
before leaving this post in August 2004 to pursue his own business interests.
As such, we believe he will make a significant contribution to the business and
to our Board."
Moloko said, "I am very excited about the prospects of this new role. Alexander
Forbes is a leading financial services business with some of the best people in
the sector working together to bring effective solutions to their clients` risk
and investment challenges. The company has also made great strides to advance
transformation and I look forward to working closely with an experienced and
diverse management team to achieve Alexander Forbes` business objectives and to
build on the company`s successes."
On behalf of Alexander Forbes shareholder, Shanduka Group, Cyril Ramaphosa
commented, "I am confident that Sello`s background, knowledge and experience
coupled with his proven leadership skills demonstrated at large corporates and
in his own business, will bolster the highly regarded Alexander Forbes`
management team. The appointment also demonstrates Alexander Forbes` and the
Board`s ongoing commitment to transformation and underscores its efforts to lead
by example."
Bruce Campbell will assume the role of Group Chief Executive of Alexander Forbes
replacing Peter Moyo whose resignation was announced earlier in the week.
Bruce Campbell said, "I am already enjoying working together with the members of
the Alexander Forbes management team and look forward to working with Sello in
his role as Chairman to take this great business into the future and to reach
the goals I know we can achieve together."
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/11/2007 14:48:46 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
