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Discretionary Fund Manager INN8 INVEST restructures C-Suite as part of strategic growth plan

02 March 2023 INN8 Invest

INN8 Invest is reorganising its executive and investment teams to enhance transformation and gender diversity, expand the discretionary fund manager’s reach with financial advisers, and bulk up its assets.

Mabalemi Maleka will be promoted to Chief Financial Officer (CFO), in which role she will be responsible for the commercial execution of INN8 Invest’s business strategy, while retaining ownership of product strategy, pricing and product profitability.

Head of Strategic Investments and Manager Research, Jennifer Henry, will be promoted to Deputy Chief Investment Officer (Deputy CIO) for INN8 Invest alongside Joao Frasco (as CIO). Jennifer will be jointly responsible for the governance of INN8 Invest’s investment proposition and performance, while retaining accountability for manager research and the business’s alternative asset strategy and solutions.

“As a business, we remain committed to our transformation objectives, including striving for equal representation in terms of gender, and creating opportunities for our people to develop and grow,” INN8’s Invest Executive, De Wet Van der Spuy, said.

INN8 Invest has also introduced a new joint Head of Portfolio Management structure to ensure dedicated focus and an enhanced service experience for our advisory partners. Richo Venter will be promoted to joint Head of Portfolio Management (IFA), focusing on INN8 Invest’s investment proposition to our independent wealth manager partners. Malcolm Holmes will remain as joint Head of Portfolio Management (Strategic Partners and CISs).

“We have a deliberate strategy to grow our business as a market-leading DFM provider to both our strategic partners as well as to the IFA market,” Van der Spuy said. “To execute this strategy, we have to leverage the amazing talent and skills we have in our team.”

INN8 Invest is part of the Standard Bank Group, which owns life insurer Liberty and asset manager STANLIB.

The firm won the Best Overall Investment Performance Award at the inaugural Citywire South Africa DFM Awards last year while collecting the best performance accolade for Global Equity and the top prize for performance in the SA Multi-Asset Medium Equity category.

The changes take effect on 1 March 2023.

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