Astute announces changes to board of directors

08 September 2015 Astute
Lizl Budhram.

Lizl Budhram.

The Financial Services Exchange (Pty) Ltd – T/A ASTUTE, South Africa’s leading provider of electronic financial data switching and exchange today announced changes to the composition of its board of directors, taking effect immediately.

Prem Govender has been re-elected as Chairman of the ASTUTE board for a further three-year term, while Old Mutual’s Lizl Budhram (LLB Stell) (MBA UCT) replaces Gregg MacIntyre as non-executive director. Lizl currently serves as the Chairman for the FPI Western Cape Committee, the FSB Training & Development sub-committee and is Old Mutual’s Head of Advice: Retail Affluent.

ASTUTE also announces the appointment of Nkulu Mandonko (Senior Human Resource Manager, Old Mutual: Retail Affluent) as Alternative Director, replacing Jaco van Niekerk. The new appointment positions Nkulu to serve on the Astute HR Board Committee. On the Audit & Risk Board Committee, Jill Rose (Sanlam Head of Finance, Distribution Personal Finance) replaces Annari van Niekerk (Sanlam Alternative Director).

ASTUTE Managing Director Jacques Rossouw comments, “I am pleased to announce that Prem Govender has agreed to accept her re-appointment as Chairman of the board. We work exceptionally well together and her undisputed wealth of experience will continue to both benefit the board and the company. I would also like to thank Gregg MacIntyre, outgoing non-executive director from Old Mutual for the contribution he has made to the board, and welcome Lizl Budhram who replaces Gregg as the newly appointed non-executive director. Lizl will also be serving on the company’s Audit & Risk Board Committee. With her legal background and FPI involvement, she is ideally suited to add value to the board and be part of the company’s execution of the 'Single View’ strategy of investing clients.”

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