Investment Solutions appoints a new CIO

Glenn Silverman.

Mark Lindhiem.

Ann Leepile.

Nina Saad.

After almost 17 years as chief investment officer of Investment Solutions, Glenn Silverman has decided to hand over the reins. He will be succeeded by Mark Lindhiem, who heads our Platform Service unit. It is envisaged that the hand-over process will take no more than three months and that Glenn will leave the company at the end of the year. Mark will officially assume the role on 1 November 2015.

Glenn is one of the longest-serving CIOs in the country, so his decision to take some time out does not come as a surprise for the business. Mark was identified as a potential successor a while ago and has been groomed to take over from Glenn at the appropriate time.

Mark has a BCom (Hons) degree and is a Chartered Financial Analyst® (CFA). He has over 17 years of relevant industry experience and has been with Investment Solutions since 2006. Over the last few years, Mark has served in the following roles within our business:

• 2011 to 2015 – Head of Platform Services
• 2010 to 2011 – SA Chief Investment Officer
• 2008 to 2010 – Head of Manager Research
• 2006 to 2010 – Manager Research Analyst

Mark has been a member of our Investment Committee since 2008 and part of the company’s executive team since 2010. He also serves in various other governance forums within the business, including chairing our Retail Investment Committee.

We are pleased to congratulate Mark on his promotion to CIO.

Joint Deputy CIOs and Chief Economist appointed, creating solid support for the CIO

We are also pleased to announce that Ann Leepile and Nina Saad have been appointed joint deputy CIOs, reporting to Mark Lindhiem. Ann will be responsible for all aspects of manager and product research and Nina for portfolio management. Lesiba Mothata, who takes overall responsibility for market and economic research, has been promoted to chief economist, following the departure of Chris Hart (refer separate note).

Ann has 14 years’ experience working in financial markets. She joined Investment Solutions in May 2010 as head of manager research.

Nina began her multi-management career at Momentum in 1999 as a research analyst and has held various roles in the multi-management industry. She joined us in 2008 as head of portfolio management.

Lesiba’s career spans almost a decade. He has held numerous positions in economic teams from global macro-economist, economist and risk specialist at the SA Reserve Bank. He joined Investment Solutions in 2013 as head of market and economic research.

Tribute to Glenn Silverman

Glenn Silvermann has been the CIO at Investment Solutions for almost 17 years, and during his tenure our assets under custody have grown from R17 billion to over R320 billion. This is testament to the contribution the investment team has made to the business under Glenn’s leadership.

Glenn is an extremely hard-working and driven individual and his dedication to the business has been unsurpassed. It is therefore no surprise that he has decided to spend quality time with his family and evaluate his next challenge.

In 2014, Glenn and Chris Hart wrote and launched their book, “Half Way There”, on the BRICS countries. Glenn considers this to be one of the highlights of his time at Investment Solutions. The proceeds from the book, which sold 2 500 copies, will put three underprivileged kids through university for a full three years – an outcome of which we at Investment Solutions are very proud.

In conclusion

Glenn is extremely passionate about investments and has worked very hard to serve our clients over the last 17 years. We thank him for his enormous contribution to our ability to serve our clients.

We also congratulate Mark, Nina and Ann and Lesiba on their promotions and wish them well in their new roles.