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Industry report: Fund manager changes Q3 2021

Q3 Fund Manager changes
| Investments

As part of our investment process, our Manager Research Team meticulously screens the full universe of asset managers and their investment strategies, following a quantitative and qualitative process. We assess managers based on the three precise drivers and philosophies that underpin their investment performance: investment skill, risk factors and idiosyncratic style. Integral to our ongoing process, is close contact with the underlying fund managers to understand their performance, positioning and also any changes that have occurred within their businesses. Each quarter we publish an industry report with fund manager changes that collate the business and team-related highlights that occurred during the quarter.

Highlights during this quarter include: Sanlam Investments:

Within the Fixed Income team Johan Verwey retired at the end of August 2021. He spent 24 years of his career at Sanlam. Trevor Ngubane has been appointed as the new portfolio manager for their Enhanced Cash portfolios. In September, it was announced that Carl Roothman had been appointed as the new chief executive officer (CEO) of Sanlam Investment Group (SIG), with effect from 1 January 2022. Carl will be taking over from Robert Roux, who will retire in December 2021.


On the business front Mazi has separated the CEO/CIO role going forward. This meant that Malungelo Zilimbola was appointed as CEO where previously he was serving the dual role of CIO and CEO. Asanda Notshe was appointed CIO effective 1 September 2021; he will be the custodian of their process and philosophy.


Bernard Fick has made the decision to take a break from formal employment, and will therefore be leaving Prudential. Bernard has worked for Prudential for some 14 years, and has led the business as chief executive for most of that time. He will be replacement by Prudential’s current CFO, Chris Sickle.

Click Here to read the full report.

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