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ASTUTE Announces Changes to the Board of Directors, and changes EXCO

28 January 2019 ASTUTE

The Financial Services Exchange (Pty) Ltd – T/A ASTUTE (ASTUTE FSE), announced changes to the composition of its board of directors and changes to the Executive Committee, effective 1 January 2019.

Board Changes


Brad Eliot was appointed Independent Non-Executive Director to the board. Brad’s appointment was a result of the Astute board looking to appoint an additional Independent Non-Executive Director with extensive strategic and information technology experience. Brad is a qualified Charted Accountant and served in an executive capacity at Alexander Forbes as the Group Chief Information Officer for 15 years and was also a member of the Group Executive Committee at Alexander Forbes. Brad will also be a member of the IT Strategic Advisory committee.


Brett Matthew was re-appointed to the board as an Independent Non-Executive Director. Brett is a qualified Charted Accountant and chairs the Astute Audit & Risk Committee.


Jannie van Zyl, Head of Support Services at Sanlam Personal Finance, replaces Andre Cillier as Non-Executive Director from Sanlam.


Astute FSE Board: Prem (RG) Govender (Chairperson), Jacques Rossouw (Executive Managing Director), Brett Matthew*, Brad Eliot*, Jannie van Zyl** (Sanlam), Kroshelan Chetty** (Liberty), Lizl Budhram** (Old Mutual) (* Independent Non-Executive Director, ** Non-Executive Director), Alternative Director: Jill Rose (Sanlam), Nkulu Madonko (Old Mutual).


“I’m delighted to have the calibre of Brad Eliot on the Astute FSE board. Brad comes with a wealth of experience and his strategic ability coupled with his experience in the financial services industry will add huge value to the future strategy of Astute. I’m also pleased Brett Matthew remained on the board in his new Independent role and will ensure we maintain the strong governance aspects of our business. Jannie will also be a huge asset to the board with his extensive experience at Sanlam Personal Finance”, says Jacques Rossouw.

(Brad Eliot – Independent Non-Executive Director)


Executive Committee Changes:


“The past 4 years saw Astute double in staff and in our services offerings to the industry, we have entrenched ourselves as a trusted technology partner for the industry and as an industry owned initiative Astute adopted a strategic plan to align with current and future trends required to continue to empower the financial services industry. For this the board also approved a few changes to the executive structures at Astute and I’m pleased with the strong team we have in place”, says Jacques Rossouw


Lydia Govender was appointed as the Executive: Operations and Projects. Lydia previously headed delivery and projects at Astute.


Michelle Taylor was appointed as Executive: Group Risk & Compliance, a role she fulfilled the past 12 months and now on the Executive.


Astute Executive Committee: Jacques Rossouw (Managing Executive Director), Ovadia Kaempf (Chief Financial Officer), Charl Theron (Chief Operating Officer), Nivashni Naguran (Executive: Human Resources), Lydia Govender (Executive: Operations & Projects), Michelle Taylor (Executive: Group Risk & Compliance), Duncan Bussio (Executive: Special Projects)

 

Quick Polls

QUESTION

With regards to the COFI Bill, do you believe lumping the health and finance sector in the same basket will sustain the financial sector?

ANSWER

Yes, it forms part of the FSCA’s mandate to protect and maintain the sustainability of the financial sector, and to legislate fairness and make it the law
No, the products are different therefore the health sector should not have to be subjected to similar conduct requirements
This will cause problems. More consultations should be conducted before the final version of the COFI Bill is sent to Parliament for promulgation
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