Armien Tyer to join Absa as Head of Investments

07 November 2013 Absa

Absa Wealth and Investment Management announces the appointment of Armien Tyer as Head of its Investment cluster covering active, passive and alternative asset management with effect from 1 December 2013. Armien is a seasoned investment professional and leader, having fulfilled the role of Managing Director at Sanlam Investment Management for six years and served on the board for seven years.

Nomkhita Nqweni, Chief Executive of Wealth and Investment Management said: "We are delighted to have someone of Armien’s stature and experience leading our Investment business. He has a proven track record of excellence, growing businesses and we believe that his appointment will enrich the overall experience for our retail and institutional clients.”

In addition to actively managing money on behalf of clients, Armien previously held various senior leadership positions overseeing strategy and distribution and was an associate management consultant at McKinsey working across a variety of industries, including wealth. Additionally, he has chaired several prestigious investment conferences in both the long only and alternative investment areas. Armien was listed by Little Black Book as a Top 30 Black Professional in South Africa from 2009 to 2011 and has been a member of the University of Stellenbosch Business School’s Advisory Board since 2009.

Earlier this week, the newly formed Wealth and Investment Management announced the integration of its wealth, asset management, stockbroking and investment administration platforms into a business of substantive scale with R225 billion in assets under management. The integration will ensure that our retail and institutional clients will have access to clear distinct boutiques of Active, Alternative, Passive product and Multi Management businesses. The integration provides them with access to a comprehensive set of investment solutions and philosophies across the various investment boutiques.

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