Sanlam Private Wealth appoints 3 new board members

Thobeka Sishuba.

Anton Raath.

Sanlam Private Wealth has announced the appointment of three new non-executive board members. Karabo Nondumo, Thobeka Sishuba and Anton Raath have joined the company’s board in line with its strategic objective of transformation and of growing the business in new markets.

Daniël Kriel, chief executive of Sanlam Private Wealth, says the new board members bring a powerful mix of skills and expertise and he looks forward to working with them to steer the firm – that manages assets worth R240 billion and has a global footprint in five countries – into the next phase of its growth.

“After the retirement of Flip Rademeyer and Merwen Mellet as non-executive members of the board last year, we made the decision to reconstitute our board to ensure it is more representative. We are delighted to attract this calibre of professional to Sanlam Private Wealth and look forward to the new perspectives and renewed focus they will bring to the table.”

Besides Kriel, the other board members of Sanlam Private Wealth are Robert Roux (chairman), Temba Mvusi, George Sebulela and Francois Bruwer (CFO).

About the new directors:

• Nondumo is Executive Director of KM ICT and Ciaraspan which is a part of the KM Group of Companies. Before this, she was Executive Head of Corporate Finance at the Vodacom Group, and later head of Vodacom Business. Nondumo is a chartered accountant.

• Sishuba most recently worked for Woolworths Holdings as Group Executive: Governance, Risk and Compliance, and as Company Secretary. Before this, she worked for MMI as Group Executive: Governance. Sishuba has a Masters in Taxation.

• Raath was Chief Executive of Glacier by Sanlam until the end of 2017. He is a chartered accountant with extensive experience in the investment world. Before his appointment at Glacier in 2005, Raath was Managing Director of Sanlam Private Investments, as well as Chief Operating Officer of Sanlam Investment Management.