Novare Actuaries and Consultants appoints head of fund consulting

Novare Actuaries and Consultants, the independent implemented consulting firm that provides specialist support to institutional clients in Southern Africa, has announced the appointment of Bafedile Mafologele as Head of Fund Consulting.

Mr Mafologele started his career at Ernst & Young where he successfully completed his articles and qualified as a chartered accountant. He holds BCom and CA (SA) degrees from the University of Cape Town.

He joined Chartis Insurance - previously AIG SA, a subsidiary of the US-listed American International Group (AIG) - as chief accounting officer responsible for financial reporting and liaison with regulators including the Financial Services Board (FSB) and the South African Reserve Bank (SARB).

Mr Mafologele joined Mvunonala Holdings in 2010 as group chief operating officer responsible for the operations of the Mvunonala Group. He was the managing executive of Mvunonala Asset Managers, established under the group’s umbrella in 2011, where he assisted in the growth of assets to R2.5 billion at the time of his departure at the end of April 2014.

He was part of the team that assisted Bophelo Benefit Services, a subsidiary of Mvunonala, in winning the coveted Imbasa Yegolide Principal Officers Association Award for best trust and beneficiary administrator of the year for 2013.

Mr Mafologele joined Novare Actuaries and Consultants in July as head of fund consulting and is based in Novare’s Johannesburg office.