Share code=DEC and ISIN=ZAE000017612.
DECILLION PRESS RELEASE
Decillion Managing Director, Alwyn Smit, announced today, the following
staff changes at Decimax and the rest of the Johannesburg office.
Trevor Davis, Financial Director of Decillion Ltd will be relocating from
the Swiss offices to South Africa as soon as possible. Trevor will be the
Managing Director of Decimax (Pty) Ltd and Decillion Johannesburg.
Trevor has already identified certain key appointments that he will make in
the near future to implement the group's strategy for South Africa. Smit
also said, "Preba Moodley, Executive Director, will commit the rest of the
year to supporting the implementation of the strategy. Decillion enjoys a
very solid reputation amongst shareholders and clients and expects to
continue to deliver the outstanding service that its clients have become
accustomed to.
Trevor has been instrumental in the turnaround at Cedef, the 100% held
subsidiary of Decillion offshore. Trevor relocated to London in 1999 and
moved on to Switzerland as part of the restructuring at Cedef.
Trevor gained invaluable experience in managing people and in general
management during the past two and a half years. Trevor is also very
familiar with the group's international strategy and in his position as
Managing Director of the Johannesburg operation, will form an important link
with Decillion's international operations.
Decillion believes that the South African market will continue to develop
and eventually mirror the sophistication of the European markets and as a
consequence will position the Johannesburg business for this evolution.
Having Trevor Davis at the helm of the Johannesburg business will allow
Preba Moodley to focus on client service and allow me the opportunity to
build our international business.
Trevor will be sorely missed by all his Decillion friends in London and
Switzerland and I would like to take this opportunity to congratulate him
and wish him luck."
Decillion does not intend to replace Trevor as Financial Director
immediately, however the group is fortunate in that it has a very competent
Chief Financial Officer in Johan Wheeler who will take over the financial
responsibility that Trevor was dealing with in his capacity as Financial
Director.
Trevor's appointment enjoys the support of all the senior executives on the
board and will ensure that the South African business will continue to grow
off the considerable platform that has already been established.
Trevor will also be supported by Uys Meyer, who runs the Cape Town office
and who heads up Decillion's Investment Management pillar.
Trevor is well known to Decillion's counterparty banks and will be ably
supported by a team of seven unit heads in the Johannesburg office.
Trevor is a qualified CA, completed his articles at Deloitte & Touche and is
a founder member of Decillion.
Ends
Contact :
Alwyn Smit
Decillion Limited
Tel : +27 11 328 1208
: +41 22 361 5151
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