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Leadership changes at Peregrine

04 August 2010 Peregrine Holdings

Wealth and asset management group Peregrine today announced the appointment of Jan van Niekerk as group CEO. Van Niekerk will take over from Peregrine co-founder and current CEO, Sean Melnick, who will assume the position of Deputy Chairman of the group, while Leonard Harris will retain the position of independent, non-executive Chairman.

According to a statement issued by the JSE listed company Melnick will continue to hold the position of Chairman of Stenham Limited, the group’s offshore subsidiary, in addition to being Deputy Chairman of Peregrine. He will guide the group’s international strategy while building the group’s offshore balance sheet with Van Niekerk. He will no longer have any day to day operational involvement at Peregrine Holdings.

With Melnick based in London, van Niekerk, in his capacity as deputy CEO, has successfully been attending to most of the day to day activities required of the Peregrine group CEO in South Africa since April last year.

Van Niekerk will retain a significant level of responsibility within the Citadel investment decision making process, which would be congruous with his role as Peregrine group CEO, the company said.

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