METROPOLITAN HOLDINGS LIMITED - MANAGEMENT CHANGES AT METROPOLITAN
METROPOLITAN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
JSE Code: MET
NSX Code: MTD
ISIN Code: ZAE000050456
(`Metropolitan`)
MANAGEMENT CHANGES AT METROPOLITAN
Metropolitan has announced the resignation of Asief Mohamed, chief investment
officer of its wholly owned subsidiary, Metropolitan Asset Managers, with effect
from 31 March 2005. After fifteen years of rewarding service with an
institutional asset manager, Asief has decided to take a break for a couple of
months before considering various career options. He will continue in his role
as chief investment officer until a suitable candidate has been recruited for
this post to ensure a successful transition.
The board and management of Metropolitan wish Asief well in his future
endeavours and thank him for the significant contribution he has made to the
group over the past fifteen years.
Another change will be effected at Metropolitan Asset Managers in the near
future when Philip Morrall relinquishes his role as managing director in order
to be redeployed elsewhere in the Group. The recruitment of a new managing
director will commence shortly, and an appointment will be made as soon as a
suitable candidate has been found. It is also the intention to augment the team
of investment professionals as and when opportunities arise.
Cape Town
24 November 2004
Sponsor
Merrill Lynch South Africa (Pty) Limited
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
