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Sanlam Investments announces senior appointments

17 May 2010 Sanlam Investments
Nersan Naidoo will head the investment services sub-cluster, which houses Sanlam Multi-Manager International (SMMI), Simeka and SCI.

Nersan Naidoo will head the investment services sub-cluster, which houses Sanlam Multi-Manager International (SMMI), Simeka and SCI.

San-Marie Greeff has been appointed CEO of the unit trust business Sanlam Collective Investments (SCI)

San-Marie Greeff has been appointed CEO of the unit trust business Sanlam Collective Investments (SCI)

Sanlam Investments, the investment services cluster within the Sanlam Group, today announced two senior appointments, which will be effective from 1 June 2010. San-Marie Greeff has been appointed CEO of the unit trust business Sanlam Collective Investments (SCI) and Nersan Naidoo will head the investment services sub-cluster, which houses Sanlam Multi-Manager International (SMMI), Simeka and SCI. Naidoo will hold this role in addition to his current position as CEO of SMMI.

Johan van der Merwe, CEO of Sanlam Investments says the appointments are in line with the investment cluster’s focus on continually strengthening and deepening its management team and introducing fresh outlooks, synergies and growth opportunities to the cluster.

He says that San-Marie has a wealth of experience in the financial services industry and will bring a depth of skills to her role as CEO of SCI, having spent 14 years in advisory, consulting and finance roles in financial services and accounting firms.

Most recently Greeff worked at Satrix where her wide-ranging responsibilities included marketing and business development, operations, finance officer, and company secretarial. She is a qualified chartered accountant who also previously worked at Cidel Financial Group, SMG Consulting, Standard Corporate and Merchant Bank, Barclays Global Investors (London) and KPMG.

Greeff will take the reins at SCI from Andries Walters who filled the role of acting managing director for SCI when the previous incumbent, Tienie van der Mescht, was seconded to head up Sanlam’s new wealth management business in India. Walters remains on the Exco of SCI in his position as General Manager.

Van der Merwe said, “We are extremely pleased to announce Nersan Naidoo’s appointment as the head of the investment services sub-cluster. This follows his appointment to CEO of SMMI last year in February. Nersan was one of the founding members of SMMI in 2002 and has been instrumental in growing it to its current status as the second largest multi-manager in South Africa.”.

Van der Merwe explained that Naidoo’s role was designed to extract operational synergies within the sub-cluster to the benefit of all the underlying businesses as well as the overall investments cluster. Naidoo will therefore also serve on the Sanlam Investments Exco. However, Van der Merwe stressed the importance of the underlying businesses in the sub-cluster retaining their independence. “Each business and its CEO will continue to operate independently in order to build their respective businesses and maintain the necessary boundaries required for good governance.”

Says Van der Merwe: “Nersan’s success demonstrates the leadership depth we have actively invested in and sought to nurture and develop within Sanlam Investments. We believe that our fast tracker and leadership programmes that give us the edge in building our own talent for our businesses are translating into a robust succession plan that will ensure long-term sustainability and success.”

Naidoo has completed a graduate training program at UBS Warburg in Johannesburg and London and also holds a BSc (hons) degree in Electronic Engineering and is a CFA Charter holder.

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