STANLIB appoints Chief Investment Officer

Stewart Rider

Following on from Liberty Holdings’ recent appointment of Thabo Dloti as CEO of STANLIB, the company has confirmed Stewart Rider as its Chief Investment Officer.

The appointment is effective immediately, with Rider having successfully filled the position in an acting capacity since September 2009.

STANLIB is also pleased to announce Patrick Mamathuba as its new CIO of Alternative Investments. This is an exciting growth area for asset management and we are pleased that Patrick is now in the position to drive this. Mamathuba will report directly to Thabo Dloti.

Commenting on Rider’s appointment, Bruce Hemphill, CEO of Liberty Holdings, said:

“Stewart is a valued colleague who has served in key senior executive roles since joining the Group five years ago. He has broad based investment experience obtained in various capacities on both the sell side as well as the client side, and I have no doubt that he will make an invaluable contribution as CIO of STANLIB.”

Before joining Liberty, he was a top rated insurance analyst during his tenure at Merrill Lynch between 1998 and 2004.

Rider has already strengthened STANLIB’s investment team with some senior portfolio management appointments. Andrew Vintcent, Kate Rushton and Shawn Stockigt have been appointed as Head of Research, Head of Credit Research: Fixed Income and Small and Mid caps fund manager respectively. This follows the appointment of Herman van Velze as a balanced fund manager late last year.

Andrew Vintcent joins STANLIB from RMB Asset Management where he was a Portfolio Manager and headed the Financial Team. He joined RMB in 1999 where he filled a variety of roles including Banking Analyst and Head of Financial Research. Apart from his responsibilities as Head of Research, Vintcent will also manage STANLIB’s Prosperity unit trust fund. Andrew replaces Nigel Mackenzie who will leave STANLIB at the end of March to pursue alternative career opportunities. Nigel has contributed significantly to STANLIB and we wish him well in his future endeavours.

Prior to joining STANLIB, Kate Rushton was the Principal Corporate and Credit Analyst at ABSA Capital. A multi-award winning analyst, Rushton has extensive experience in financial analysis in various roles including working at London-based UBS Warburg’s Investment Banking Division and more recently as Corporate and Credit Analyst at Standard Corporate and Investment Bank (SCMB). She will head up the credit process at STANLIB, with credit having become a key component of most fixed interest portfolios. This area was also identified as one of the key differentiators during the 2008 global market crisis, and her experience will complement the skills that already exist in the house.

Shawn Stockigt joins STANLIB with over 14 years experience in the asset management industry having held positions as portfolio manager with Sanlam, Gryphon Asset Management , Abvest Asset Management and Achelon Capital, with particular focus on the small and mid capitalisation stocks.

Commenting on his main priorities, Stewart Rider said: “Investment experience and depth are the two cornerstones of any successful third party fund management business. It is up to me to make sure that our experienced team are focused on what is important - working in an environment that is challenging and fulfilling, and managing investments in a manner that exceeds our client expectations.”