Investment Solutions Holdings Limited
Registration No 1997/022540/06
JSE Share code: SLU
ISIN: ZAE 000019279
FUTURE MANAGEMENT CHANGES AT INVESTMENT SOLUTIONS
The board of Investment Solutions has announced certain management changes
that will take place during 2002.
With effect from 1 July 2002 Steven Braudo, who is currently the deputy
managing director of the company, will be appointed to the board of
Investment Solutions and will take over as managing director.
This follows an announcement from Alexander Forbes Limited that Rael Gordon,
currently managing director of Investment Solutions, will transfer to
Alexander Forbes with effect from 1 July 2002.
Rael Gordon will be responsible for the Africa operations of Alexander
Forbes, reporting to Alexander Forbes' chief executive, Graeme Kerrigan.
With effect from 1 January 2003, Rael Gordon will succeed Graeme Kerrigan as
the group chief executive of Alexander Forbes Limited. Rael Gordon will
remain a non-executive director of Investment Solutions.
Leon Lewis will succeed Peet van der Walt as chairman of Investment
Solutions with effect from 1 July 2002. Peet van der Walt will continue to
serve on the board of Investment Solutions.
Although none of these changes is imminent, the board of Investment
Solutions wants its clients, shareholders and employees to be assured that
the future of Investment Solutions has been well planned so that the
successes of the past continue.
Any queries on these changes should be directed to Peet van der Walt,
chairman, or Rael Gordon, managing director on 011-505-6000.
ends
Monday, November 12, 2001
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