Entering a new market

Futuregrowth Asset Management is strengthening its focus on the retail market with the appointment of investment specialist Busisa Jiya, the company announced this week.

Jiya, formerly chief operating officer at Quaystone, with a background at SCMB, Stanlib and Liberty Group, joined Futuregrowth as head of collective investment schemes and will focus on offering retail investors the benefits of the specialist approach of the house.

Futuregrowth managing director Paul Rackstraw said the appointment was a strategic one and reflected a greater focus on the retail market for the asset manager.

“We are very excited that a specialist of Busisa’s calibre is joining us in this senior position and it reflects Futuregrowth taking a more active position in the management of collective investment schemes.

Jiya, who has hosted his own investment shows on radio and TV, was among the first to launch multi manager funds when at Liberty. He brings to Futuregrowth a decade of experience and expertise at a time of increasing industry regulation and professionalism.

Futuregrowth currently has a range of eight unit trusts with varying specialist mandates to suit the individual needs of investors.

The asset manager today has over R40bn in assets under management.