Speakers

Ms. Refilwe Moloto is a strategic and economic advisor with 15 years' financial services experience in Emerging Markets research, broking and asset management in

Johannesburg, New York and Cape Town. She currently serves as an External Expert Advisor on Eskom Pension & Provident Fund's Strategic Investment Committee, and was previously appointed to the South African chapter of the BRICS Business Council’s Sovereign Wealth Fund Experts Panel of its Financial Services Workng Group.

Ms. Moloto is also a commentator and thought leader on strategic economic & financial market development in Africa, invited to speak at global technical conferences and in the media. She currently anchors the morning show, Breakfast with Refilwe Moloto, which airs on the Western Cape’s leading talk radio station, CapeTalk. Ms. Moloto is a Fellow of the 11th Class of the Africa Leadership Initiative, a regional chapter of the Aspen Global Leadership Network.

Founding Chairman of the Victoria and Alfred Waterfront (Pty) Ltd leading that company and the redevelopment of Cape Town’s historic harbour serving between 1988 to 2001. Chairman of Acucap Properties Ltd (ACP) .

His research programmes has focused on Monetary and Financial Economics and has published frequently and widely in the field. Perhaps the most influential work was “Rational Expectations and Economic Thought”, Journal of Economic Literature, September 1979, was translated into Japanese and Spanish.

Published books South African Economic Issues, (Juta) Cape Town, 1982 and Understanding Capitalism, (Boyers-Bowerdean) New York- London, 1996. Recently published Get South Africa Growing, Jonathan Ball Johannesburg and Cape Town, 2017

Current research interests include an analysis of modern monetary policy, corporate governance issues and the links between the rand exchange rate and the behaviour of the JSE. Other published research has involved applying economic reasoning to the risks and returns in limited over cricket.

Consulted to Volkswagen (SA) Ltd, Rightford, Searle Tripp, and Makin (later Ogilvy Mather SA) BMW SA, Investec Securities and also Investec Bank since founding. Consulted to the Federal Reserve Bank of St Louis (1979) and Smith Barney, Stock Brokers, New York 1994-1997. Worked with GT fund managers in Hong Kong and with the Fraser Institution, Vancouver, Canada in 1986.

Honours

• Received Judges Award, Cape Times-KPMG, Business Personality of the Year Function - in recognition of role in the development of the Victoria and Alfred Waterfront for people “ who through their vision, energy and commitment are enabling quantum leap change in Cape Town” November 2006
• SA Government Commissions
• Member of the Competition Board (1983- 1989)
• Advisor Margo Commission on Tax Reform in South Africa (1986)

Responsibilities:

• Leading the whole market risk monitoring function in the Nedbank Group
• Responsible for market risk policy setting and framework development for the Nedbank Group
• Leading the market risk stream of the RDARR (BCBS239) project in Nedbank
• Nedbank market risk representative on BASA and other industry bodies and task teams
• Seat at Group ALCO, ERCOs, Group Risk and Capital Management Committee and reporting to the Board
• Chairperson of Nedbank Capital and Investment Bank’s Trading Risk Committee
• Market risk training of risk officers, senior executives and board members

Achievements:

• Coordinating and aligning the efforts of numerous market risk teams (100+ people) across clusters, divisions and subsidiaries to provide consolidated and user-friendly risk reporting to the Board
• Integrating the requirements of SAM/Solvency II with Basel requirements as part of the oversight of the insurance risk in the group
• Successfully navigating Nedbank’s market risk function through severe market volatility (Nene-gate, Brexit) without any significant losses

Liston Meintjes brings both an academic and a highly experienced practitioner’s approach to asset management.

He has a Master’s degree in Mathematical Statistics from UCT and has lectured at the University of Natal and the Graduate School of Business at UCT.

After qualifying as an actuary, he joined the Investments Division at the Old Mutual where he became Manager (Investments Technology) before he left to start Foord & Meintjes, then a small asset manager.

He worked in New Zealand, both Auckland and Wellington, before returning to South Africa, to work as Chief Investment Officer, at Plexus and Metropolitan Asset Managers. Having recently being Head of Investments at Sasfin Asset Managers and as a Private Client Portfolio Manager with NVest Securities he is now an independent investment and business consultant through Abercrombie Investment Management.

He has experience in all aspects of investments, from programming computer systems for investment administration, to portfolio management and economic and company research.  He has been head of research and been responsible for investment marketing.   He has acted as an Asset Consultant and a Business Consultant, working with a number of companies in the financial services industry across a wide range of projects.

Eben is responsible for Absolute Return portfolio management at ABAM. Spanning a career of 30 years he has also held senior multi-asset portfolio management roles at Stanlib Asset Management and Genbel Investments. He has also held senior investment banking roles which include Treasurer at Nedcor Investment Bank, Head of Market Risk at Absa Capital and Head of Quantitative Analysis at FirstDerivatives. He holds a Ph.D. in Applied Mathematics and holds a position as associate professor of Mathematics and Applied Mathematics at the University of Pretoria.

Reidwaan has comprehensive financing operations, credit and market risk monitoring, budget and project management, strategic planning, and investor relations experience acquired in major banking institutions across international regions. He is well versed in providing cross-functional leadership and spearheading internal initiatives focused on overseeing enterprise-wide risk monitoring, developing and implementing risk management policies and frameworks, and executing major divisional projects. Reidwaan holds an MBA in Banking and Finance from the University of London. He has recently completed a Certificate in Bank Treasury Risk Management in London. He has over twenty years of financial services experience in various functions in both the investment banking and retail space.

Andrew is an Executive Director of Futuregrowth Asset Management and the Chief Investment Officer. He provides a strategic perspective to the investment team, oversees the investment processes, sets manager mandates, monitors compliance, and reviews fund exposures and performance.

Andrew has been with Futuregrowth since 1998. He has lead Futuregrowth to be a leading Fixed Interest Manager, Responsible investor, and Developmental investor (with a range of developmental portfolios) in South Africa. Andrew came to South Africa in 1990 from the U.S.A., and during his career in South Africa he has assisted in co-founding RMB Asset Management, was a fixed interest dealer, portfolio manager, head of fixed interest, and later CIO. He has been a Director of several infrastructure and development companies with mandates ranging from toll roads, to low income housing finance and municipal finance. Andrew has been a CFA Charterholder since 1989 and was a founding Director of CFA South Africa in 1990. He is a founding member of ASISA's Standing Committee on Capital and Money Markets. Andrew undertakes public speaking and lecturing engagements, frequently on the subjects of fixed interest management, ethics in financial services, and developmental investing. He lists scripophily and travel amongst his hobbies, and he is a regular cyclist.

Terence is an Executive Director and the Chief Investment Officer of Element Investment Managers (“Element”).  He is responsible for the investment processes, portfolio management, investment team guidance and investment performance for Element clients.

Terence has been with Element since 2001 (formerly named Frater Asset Management).  He has guided Element to be a leading Active Equity and Responsible Investment Manager in South Africa.  Element was the first SA Investment Manager to sign the UN Principles for Responsible Investment in May 2006 and has incorporated Environmental, Social and Corporate Governance (ESG) issues into its investment process since 2001.  Element was the first SA Investment Manager to publish both its Voting & Proxy Policy and Voting Record on its website in 2001 and was instrumental in developing the initial Voting & Proxy Policies for a number of its clients, including the PIC and Eskom Pension & Provident Fund.

Element has received multiple awards for investment performance and risk-adjusted performance since 2001 (Raging Bulls and S&P awards).  Most recently (Jan 2019) the Element Balanced SCI Fund was awarded the Raging Bull certificate for Top Performance as the Best SA Multi-Asset High Equity Fund for the three-year period to the end of December 2018.

Terence began his career in financial services in 1991 and has B Bus Sc (Hons) from UCT, CA (SA) and CFA Charterholder qualifications.  Prior to joining Element, he worked at Allan Gray Ltd as a portfolio manager and equity analyst, followed by working as an Executive Director of Taita Holdings, a private equity specialist.

Parin Gokaldas has over 17 years of expertise as a financial markets practitioner within the South African banking industry.

His career experience spans the quantitative and system integration sphere; with over a decade of structuring, trading and market making of the Fixed Income and Foreign Exchange markets with broad engagement across financial market participants. 

His current role lies within the Treasury environment with a strong focus on funding, investments and risk management activities.

Clayton Stewart is the Chief Investment Officer and shareholder in Caleo Capital. Clayton Stewart is the Co-Founder and Director at Imali Asset Management (Pty) Ltd. Clayton has been managing funds at Caleo Capital for many years. Responsible for both the local and offshore funds. Both Caleo and Imali Asset management use Clayton’s expertise in trading in equities, bonds and instrument on various bourses around the world. As well as his experience in trading forex across various currencies, structuring portfolios and international investment solutions, wealth offshore trading across jurisdictions, including the set up offshore structures and structured finance deals. Clayton in his function as fund Manager of Caleo Global Flexible Fund, has been successfully trading ETFs internationally, for many years now.

Antonie holds a PhD in Theoretical/Mathematical Physics from the University of the Witwatersrand (South Africa) where Quantum Chaos Theory was his field of interest. He has more than 26 years’ experience as a quantitative analyst and financial engineer in the international capital, derivatives and credit markets. He is a renowned expert in financial mathematics, statistics, modelling, stress testing and training.

Antonie has extensive experience in emerging and frontier markets. The span of his risk management experience includes all aspects of market risk (trading book) and credit risk (banking book).  As a front, middle and back-office quant he gained invaluable experience in the trading and the modelling/simulation of all financial instruments. He has extensive experience in Monte Carlo simulation, stress testing, scenario analysis and risk analysis – the gains of working in front, middle and back-office quantitative positions for many years. He also gained vital experience in implementing counterparty credit risk models due to Basel II/III, BCBS and IFRS 9 (expected credit loss methodologies). 

Antonie is a former Rand Afrikaans University (currently University of Johannesburg) faculty member. He is still an active academic researcher and has published some cutting-edge research in international peer-reviewed journals. He is an appointed Senior Research Associate at the University of Johannesburg in the faculty of Economic and Financial Sciences. He is also an Extraordinary Lecturer in the Department of Mathematics and Applied Mathematics at the University of Pretoria.

Antonie has developed highly sophisticated mathematical models and computer systems used by traders, risk managers, fund managers and corporate financiers. 

Auguste leads the Market Risk and Quantitative Valuation team for KPMG in South Africa. He is responsible for the firm’s service offerings around Risk and Trading Book Capital, Risk Technology platforms, XVA & Derivatives Valuations. His team has deep expertise in assisting clients with structuring and valuing complex financial transactions, defining finance and risk strategic frameworks, and implementing leading trading and risk platforms.

Prior to joining KPMG in 2013, he was a Senior Director at Lloyds Banking group in London, in charge of risk measurement and capital markets transformation initiatives.  In 2007, Auguste co-founded and managed Riskwave, a niche quantitative consulting firm servicing clients in the investment banking sector such as ING, Barclays, Royal Bank of Scotland & Mizuho.

Over the past 20 years, Auguste has served clients across Africa, Middle East, Europe, UK, Singapore and Hong Kong.  He is a board member of the IMD alumni association, member of the South African Institute of Risk Management and the Professional Risk Management International Association. Auguste holds a Master of Business Administration from the International School for Management Development (IMD) in Lausanne, Switzerland. He also holds a Professional Risk Management (PRM) certification.

Garth Saunders has 20 years financial markets experience across Front Office, Risk and Product Control, with 8 years spent in the UK at HSBC and Morgan Stanley.  He currently works at Absa Group as Head of Portfolio Management and Capital within the Market and Counterparty Risk management team.

Dr. Vladimir Nedeljkovic is a Chief Investment Strategist at Alexander Forbes Investments. He is an experienced business leader with a proven track record in creating and managing successful investment businesses, spanning outcomes-based solutions, structured solutions, indexation and multi-management. Notably, he has played a key role in the development of the exchange-traded funds (ETF) market in South Africa and in Africa

From 2015-2018, Vladimir headed Fund Solutions business at Ashburton Investments. This business incorporated three business lines, with over R29bn in assets under management: Off-Balance Sheet Solutions (index solutions, quantitative strategies and outcomes based solutions, multi-management and manager selection), On-Balance Sheet Solutions (structured solutions and share based lending) and Strategic Initiatives.

From 2001-2015, Vladimir was Head of Investments at Absa Capital. During his tenure there, he created and was responsible for Absa's exchange traded funds (ETF), exchange traded notes (ETN) and retail structured products businesses. Under Vladimir’s leadership, Absa had become the largest provider of ETFs in South Africa and on the African continent, with over R40bn in assets under management.

From 1998-2001, Vladimir was Head of Financial Research at Equinox Structured Products.

Prior to that, Vladimir held various academic and research positions in South Africa and offshore (Lecturer at the Department of Computational and Applied Mathematics at the University of the Witwatersrand, Consultant and Project Leader at the Image Processing Consultants and Research Scientist at the Institute for Applied Mathematics and Electronics).

Vladimir’s qualifications include a B.Sc. (Hons) and an M.Sc. in Electrical Engineering from the University of Belgrade, a Ph.D. in Applied Mathematics from the University of the Witwatersrand, an M.B.A.  from Wits Business School, and a B.A. (Hons) Psychology degree from the University of the Witwatersrand.

David Le Page is a journalist, climate campaigner and co-founder of Fossil Free SA, part of the fast-growing global campaign for divestment from fossil fuels. Fossil Free SA argues that divestment is ethical, urgent, practical – and an investment opportunity. 

Graham Bruce is an associate partner at True North Partners with over twenty five years of  experience as senior finance practitioner advising clients, in Europe, Africa and Asia, on all aspects of strategy, balance sheet, capital optimisation and structured finance whose clients include Standard Bank of South Africa, UBS, Commerzbank, CBA, Rabobank, Sumitomo and Barclays Group.

Prior to True North Partners, Graham was with Parker Fitzgerald as Global Head of Advisory, leading a boutique Risk consulting practice advising global banking, insurance and asset management clients on all aspects of risk including strategy, risk appetite, remediation, control review and implementation, regulatory change and the forward looking agenda.

Given Graham’s experience and focus, his project experience includes risk management, trading, structuring, investment management, portfolio management, Benchmarks, Indices, regulatory remediation and review and remediation of control environments in 1st and 2nd lines. 

Ahimsa Gounden is Absa’s senior Market Risk Capital Analyst. Her primary foci are Regulatory and Economic Market Risk Capital demands of the Corporate and Investment Bank. Ahimsa previously worked on the implementation of market risk systems, policies and frameworks for the multiple Barclays Africa entities across the continent. Ahimsa holds an Honors degree in Advanced Math of Finance from the University of Witwatersrand and is a certified PRMTM.

Mr. Sean Carr is Senior Vice President of Sales Analytics at FactSet. In this role, he leads the analytics team across the EMEA region to identify and implement FactSet's portfolio, quantitative, and risk product suites to help clients gain greater insight. Prior to his current position, Mr. Carr was the Director of Quant & Risk Strategy where he was responsible for positioning, product direct, and partnerships across FactSet's factor analytics offering quantitative analysis tools and multi-asset class risk analytics. During his tenure at FactSet, Mr. Carr has served in various leadership, sales, and strategy roles; he earned his B.A. degree in Engineering from Cambridge University.

Chris is the Executive Chairman and CEO of Impact Investment Africa, a registered Asset Manager headquartered in Botswana.

Chris is the founding member of Impact Investment Africa, which is focussed on impact investing that has commercial merit and that are investable from an institutional fund perspective. Impact Investment Africa has also designed Smart Solutions for Business, which leverages off various incentives and concessions that are on offer to businesses. IIA has developed a strong Section 12J related investment offering for individuals seeking to increase their personal wealth through generous tax concessions while at the same time boosting the socio-economic benefits of their investment.

Previously, in a career that spanned 17 years, Chris was a Senior Financial Economist at Absa Capital and then the Chief Strategist at Investment Solutions. He had a brief stint at Standard Bank Wealth and Investment as their Global Market Strategist, after which he set up Impact Investment Africa.

His main research focus was on the effects of economic and political factors on both South African and global financial markets. The implications of economic and political factors on investment performance and consequences for asset allocation and portfolio management was another key focus area.

Chris is a commentator on market and economic issues and is a sought-after speaker at conferences where he has presented numerous papers both in South Africa and Internationally.

In 2014, Chris co-authored a book entitled ‘Half Way There’ with Glenn Silverman, which outlined the findings of research trips made to the five BRICS countries, their relationships with the rest of the world, and the investment prospects from a long-term perspective.

Chris is a former volunteer with St John Ambulance Brigade where he was the South African Commander.

Joanne Donaghey is Director of Sales and Relationship Management, LCH. In this role, she is responsible for managing LCH customer relationships in the Nordics.

Since joining LCH in 2012, Joanne has worked to partner with customers on product development and clearing strategies, using her extensive experience in the Nordic region to contribute to multiple new initiatives and customer solutions

Prior to joining LCH in 2012 she was at SEB for 15 years where she worked in a variety of customer facing roles across derivative clearing services.

bio coming soon

Alex Comninos is the Head of Post Trade Operations at the Johannesburg Stock Exchange (JSE).  He joined the JSE in March 2006.  The Post Trade Operations team is responsible for clearing and settlement in the Equity, Bond and Derivative markets.  Alex is currently also care-taking the Risk team responsible for CCP risk management for JSE Clear and risk management in the Cash Equity and Bond ETP markets.

His career spans more than 19 years’ in various roles in the capital markets industry.  Prior to joining the JSE, Alex worked at Merrill Lynch (Johannesburg) and Commerzbank (London and Frankfurt).

Alex is a member of the South African Securities Lending Association (SASLA) Exco.

His qualifications include: BSc (Eng), MBA, Diploma in Datametrics and Investment Management Certificate (UK Society of Investment Professionals).

bio coming soon

Costas Mourselas is a financial journalist and deputy editor on the risk management desk at Risk.net. He previously reported on derivatives at GlobalCapital. Costas has a bachelor’s degree in Philosophy, Politics and Economics from the University of York, UK.

Farishta is an institutional sales specialist with experience encompassing derivative sales and structuring and debt capital markets. She has successfully distributed some of the largest transactions in the local debt capital markets and is also the Nedbank Syndicate lead for hard currency bonds. She holds the Financial Risk Management (FRM ®) qualification from GARP.

Melville is a portfolio manager in the fixed interest team at Sanlam Investment Management where he is responsible for a range of actively managed mandates, including: Enhanced Yield Funds, Active Income Funds, Bond Funds and International Debt Portfolios. He previously gained extensive experience working in the hedge fund industry and multi-asset environment. Melville holds a BComm (Institutional Investments) and a BCommHons (Financial Risk Management), both from the University of Stellenbosch. He is also a CFA Charterholder, CAIA Charterholder and certified FRM.

I have been in financial services since 2002, and started in market risk in 2005, I held various roles, recently being the head of market risk analytics for ARO before taking the role of Global Markets Analytics.

I specifically will be contributing on the panel more around risk management in illiquid markets, where you are subjected to event risk. There has been some interesting regulatory changes within the continent, Moz, Angola, Ghana that affects financial markets and when the opportunity arise I will share such stories.

Victor graduated from University of the Witwatersrand in 2003 having completed a Master’s of Science in theoretical physics degree, he is currently completing MBA with Henley Business School. He worked in Johannesburg for 8 years in various Quantitative analysis roles and in Credit/Market risks space. He joined absa XVA trading desk in 2010. Since joining xVA desk he has also been involved in the broader absa xVA build out business and more recently has rolled out XVA to absa subsidiary in greater Africa. Victor’s responsibilities includes amongst other things the build of XVA technology stack and implementation of new VAs in Absa group. 

Riyaadh is an established financial services professional with experience in investment banking, global markets and financial technology. Before joining JUMO Riyaadh was the youngest Senior Manager in the Corporate and Investment Bank looking after the New Regulatory Analysis function while pursuing his LLM in Banking and Finance focusing on the cross-border of regulation of over-the-counter derivatives. Riyaadh has previously assisted in the formulation and development of industry-led regulatory strategies for financial services providers in South Africa.  He holds a number of post-graduate qualifications in the area of banking, finance and credit. While at JUMO Riyaadh ran and established the Compliance functions before being appointed to Head Sustainability & Stakeholder Relations

Goolam is the chief economist and head of research for the Standard Bank Group, having served in this role since May 2004. The bank’s commercial emphasis is on Africa and the research function supports this endeavor. Standard Bank Research comprises 53 analysts and 10 support staff, variously located in Johannesburg, Nairobi, Lagos, London and Beijing. Goolam and his team consistently earns accolades for macroeconomic research on Africa as well as numerous sectoral, industry and financial markets honours. Goolam’s interest spans politics, the real economy and financial markets, and he regularly engages in public dialogue on national and continental issues across the globe.

Responsibilities:

• Leading the whole market risk monitoring function in the Nedbank Group
• Responsible for market risk policy setting and framework development for the Nedbank Group
• Leading the market risk stream of the RDARR (BCBS239) project in Nedbank
• Nedbank market risk representative on BASA and other industry bodies and task teams
• Seat at Group ALCO, ERCOs, Group Risk and Capital Management Committee and reporting to the Board
• Chairperson of Nedbank Capital and Investment Bank’s Trading Risk Committee
• Market risk training of risk officers, senior executives and board members

Achievements:

• Coordinating and aligning the efforts of numerous market risk teams (100+ people) across clusters, divisions and subsidiaries to provide consolidated and user-friendly risk reporting to the Board
• Integrating the requirements of SAM/Solvency II with Basel requirements as part of the oversight of the insurance risk in the group
• Successfully navigating Nedbank’s market risk function through severe market volatility (Nene-gate, Brexit) without any significant losses

After graduating from the University of the North West in 2005 with an MSc in Quantitative Risk Management, Eugene joined the Advantage Asset Management team as a quantitative research analyst. Eugene also has a strong actuarial background. Eugene has held various different positions of which portfolio management on the absolute return portfolios as well as all fixed interest portfolios was one. During this tenure as portfolio manager, he also managed large bespoke multi-asset client solutions. With Eugene’s strong analytical, technical and quantitative skills, he has fulfilled roles as head of quantitative research , head of research at Momentum Manager of Managers and head of Portfolio Solutions, responsible for overseeing the implementation of the outcomes-based philosophy within Momentum, portfolio construction and management of client portfolios. In his current role as deputy CIO his specific focus is on investment research related to and in support of the OBI philosophy from a practitioner perspective. This covers fundamental research focused on portfolio construction, measuring the representation and delivery of OBI portfolios as well as aspects of the aspects of the client experience. Eugene is also responsible for setting the strategic asset allocations on the various outcome-based portfolios.

Olga is responsible for the management of the credit and equity investment process, including managing the investment analyst team and ensuring that the credit and equity process generates good quality and high-yielding assets for our clients' funds.
 
Olga's prior experience includes six years at Old Mutual as Head of Credit, three years with Thesele Group as a deal executive and prior to spending a year in Sydney, Australia in 2013, Olga was part of the Futuregrowth team heading up the Credit Process from September 2009 to December 2012. She qualified as a CA (SA) in 1999 and articled with KPMG in Cape Town.

Robert Coombe is a director and chief operating officer of Matrix Fund Managers, a Cape Town investment manager, a position he has held since 2007.  Matrix Fund Managers currently manages around R10 billion of investor capital across hedge fund and traditional portfolios.

In prior roles Robert was the regional business head for State Street’s southern African activities and a director of Investec Asset Management, responsible for SA institutional operations.

Robert serves on various forums of the Association for Savings and Investment South Africa (ASISA). He is graduate of the University of Cape Town and holds the CA(SA) and CGMA professional qualifications.

Melville joined Sanlam Investment Management (SIM) in 2011 as a portfolio manager in the fixed interest team. He is responsible for a range of actively managed mandates – including Active Income Funds, Enhanced Yield Funds, Bond Funds and International Debt Portfolios. He manages both institutional and retail portfolios totalling roughly R50 billion. Melville has an extensive track record of experience in the hedge fund, multi-asset class, multi-manager and pension funds industry, and since joining SIM more specifically in the fixed interest space. Melville holds a BComm (Institutional Investments) and a BCommHons (Financial Risk Management), both from the University of Stellenbosch. He is also a CFA charter holder, a CAIA charter holder and a certified FRM.

Ahimsa Gounden is Absa’s senior Market Risk Capital Analyst. Her primary foci are Regulatory and Economic Market Risk Capital demands of the Corporate and Investment Bank. Ahimsa previously worked on the implementation of market risk systems, policies and frameworks for the multiple Barclays Africa entities across the continent. Ahimsa holds an Honors degree in Advanced Math of Finance from the University of Witwatersrand and is a certified PRMTM.

Roy Havemann is Chief Director for Financial Markets and Stability. He is responsible for legislative and regulatory design, focussing on prudential, financial stability, and capital markets issues. Roy first joined National Treasury in 2002 in the economic forecasting unit. Shortly after the start of the 2008 financial crisis, he joined the tax and financial sector policy division to lead the financial stability unit. He has an MSc from the London School of Economics, and was previously in the strategic finance team at Deloitte.

George joined Citadel’s investment team in 2010 and has become known for his insightful market commentaries. George manages several portfolios himself, whilst also mentoring other portfolio managers. Strategy, asset allocation and risk management is his main responsibility at the moment.

Compassionate about people and finding new ways of doing things, George has spent time lecturing in investment management at his alma mater, the University of Johannesburg (previously Rand Afrikaanse Universiteit).

Garth Klintworth joined Barclays Africa Group in July 2009 and currently holds the position of Head of Markets. Previously Head of FI Rates, Currencies & Commodities, Garth was appointed Head of Trading for Barclays Africa in April 2013, taking on additional responsibility for Equities and Prime, alongside his existing FICC trading mandate.

Before joining Barclays, Garth worked as the Derivatives Manager in Treasury for the Johannesburg Consolidated Investment Co from 1991-1997 and then as a Treasurer at JP Morgan from 1997 – 2009.

Garth’s qualifications include a BCom (Business Information Systems, Commercial Law) from WITS University, Accountancy (UNISA) and Certified Network Engineer, 2001.

Garth is also appointed as a Board Member for the Ghana Board Committee in 2015.

Arno Lawrenz is Global Investment Strategist at Ashburton Investments.  He is responsible for day-to-day management of the Ashburton Global Multi-Asset Fund range.  Arno joined Ashburton in 2016 and has 28 years in the finance industry. Prior to joining Ashburton, he was founder and Chief Investment Officer of Atlantic Asset Management, a boutique fixed income asset manager, and before that filled the role of Head of Fixed Income at both Old Mutual and Coronation Fund Managers. Arno has a B.Sc(Hons) from the University of Cape Town, South Africa.  He is also a CFA charterholder.

Stephen is the Chief Operating Officer and Chief Technology Officer for Global Markets at Rand Merchant Bank.
 
Previously a Director at Barclays Africa, Stephen was the COO for its Global Equity and Prime Services divisions, as well as concurrently Head of the firm's Futures business.
 
Stephen has acted as a Non-Executive Director of the Safex Clearing Company (a South African CCP and a subsidiary of the Johannesburg Stock Exchange), and STRATE (South Africa’s Central Securities Depository).

Farai graduated from the University of Cape Town in 2004 with a Bachelor of Science degree in Information Technology majoring in Computer Science. He subsequently completed a Bachelor of Commerce Honors degree in Financial Analysis and Portfolio Management, also from the University of Cape Town. He worked for Old Mutual South Africa in Cape as a System Developer from January 2005 before joining Trilinear Investment Managers as a Research Analyst in August 2005. He joined Sanlam Private Investments as an Equity Analyst in February 2008, were he covered industrial stocks for 5 years. He left Sanlam to join Mvunonala Asset Managers as a Portfolio Manager in February 2013. Farai joined JM Busha Investment Group on the 2nd of June 2014 as Head of equities portfolio management and Portfolio Manager. Farai was a Director and Founder of Falcon Crest Asset Managers before rejoining JM BUSHA Investment Group in March 2018 as Chief Investment Officer. Farai is a member of the Investment Analysts Society of Southern Africa (IASSA), Institute of Directors Southern Africa (IoDSA) and Association of Black Securities and Investments Professionals (ABSIP).

Victor graduated from University of the Witwatersrand in 2003 having completed a Master’s of Science in theoretical physics degree, he is currently completing MBA with Henley Business School. He worked in Johannesburg for 8 years in various Quantitative analysis roles and in Credit/Market risks space. He joined absa XVA trading desk in 2010. Since joining xVA desk he has also been involved in the broader absa xVA build out business and more recently has rolled out XVA to absa subsidiary in greater Africa. Victor’s responsibilities includes amongst other things the build of XVA technology stack and implementation of new VAs in Absa group. 

Asief is an award-winning highly capable investment professional, who founded Aeon Investment Management in December 2005 after his tenure as Chief Investment Officer at Metropolitan Asset Managers.

At Aeon Investment Management, he is the Chief Investment Officer and actively for oversees both the fundamental and quantitative investment analysis of the Aeon Active Equity Fund, Aeon Smart Multi-Factor Equity Fund and Raging Bull award-winning Aeon Balanced Fund (CPI+5%). He has over 29 years of asset management experience.

Asief is an Independent Trustee of the African Infrastructure Investment Fund. Asief is also a director and council member of the Financial Sector Charter Council on behalf of ABSIP. In addition he serves as an independent non-executive director for the ASISA Academy.

Dr. Vladimir Nedeljkovic joined Alexander Forbes Investments on May 1, 2018, as Chief Investment Strategist. Vladimir is an experienced business leader with a proven track record in creating and managing successful investment businesses, spanning outcomes based solutions, structured solutions, indexation and multi-management. Notably, he has played a key role in the development of the exchange-traded funds (ETF) market in South Africa and in Africa.

Kubeshan transferred from Standard Bank to the Liberty Group in January 2013. Prior to joining the Liberty team, he worked in various roles at Standard Bank, Corporate and Investment Banking since 2003. His roles included: Head of Financial Institutions Credit, Director, Credit at Stanbic IBTC Nigeria and Director, Business Support and Recoveries for Africa. In his time at Standard Bank, Kubeshan gained experience across the spectrum of credit disciplines and asset types.  He joined Liberty as the Head of Credit in its Libfin division, a role he fulfilled for 5 years and currently works as a portfolio manager in the Stanlib Credit Alternatives franchise.

Lushendren Pather is Divisional Head: Banking Supervision at the Prudential Authority of the South African Reserve Bank. Prior to joining the Prudential Authority, Lushendren was Chief Financial Officer of Sasfin Holdings Limited and Sasfin Bank Limited. He has extensive experience in banking including the full ambit of financial control, risk management, capital and liquidity management. Lushendren is a qualified Chartered Accountant and completed the Advanced Management and Leadership Program at Oxford University.  He completed all his studies part-time and his CA training was at Ernst and Young. Lushendren was a finalist Young CFO in the 2017 Annual CFO Awards.

Rishaan Ramnarain is Head of Market Risk at Investec Bank. His primary focus is on traded market risk and market risk capital requirements of the Bank. Prior to joining Investec, Rishaan was a Director at Barclays Africa, specializing in market risk. Rishaan holds an degree in Actuarial Science and an Honors degree in Financial Mathematics from the University of Kwa Zulu Natal.

Adrian Saville’s qualifications include a Bachelor of Arts (Honours) (cum laude), MCom (cum laude) and PhD (Economics), which he completed at the University of Natal in 1997 and for which he was awarded the Economics Society of South Africa’s Founders Medal. He is a UNESCO laureate and a matriculant of Linacre College (Oxford). He has completed programmes in value investing and competitive strategy at New York’s Columbia University and Harvard Business School in Boston.
 
In 1994, Adrian formed an investment vehicle that led to Cannon Asset Managers being established in 1998. In 2017 Bidvest Financial Services acquired Cannon Asset Managers. Today Adrian serves as Chief Executive at Cannon Asset Managers.  Adrian has experience in managing all the major asset classes. He also has held a Professorship of Economics, Finance & Strategy at the Gordon Institute of Business Science (GIBS) since 2003.  In 2012, Adrian was nominated for the Economist Intelligence Unit’s Business Professor of the Year Award and in 2014 he received the Central and East European Management Development Association award in teaching excellence. Adrian’s successful career has encompassed consulting widely to government and business, including serving as an economic consultant to Visa South Africa. He has presented to global audiences in many destinations, including Botswana, Brazil, Chile, Estonia, France, Germany, Ghana, India, Japan, Kenya, the Netherlands, Nigeria, Rwanda, Singapore, the United Kington, the United States, Zambia and Zimbabwe.

Alain Tallier is a Director at Absa CIB where he is currently the Acting Head of Market and Valuations Risk as well as the Head of Asset Class for Market and Valuations Risk. Prior to this Alain has held various roles in Europe and South Africa at Barclays CIB, Crédit Agricole CIB, Nedbank CIB, Lloyds TSB, Doreen Royan & Associates and Société Génerale de Surveillance. In diverse roles across market risk, treasury risk, liquidity risk, credit control, trade analysis and philatelic investment consultation. Alain has covered all asset classes in market risk across multiple jurisdictions including the UK, SA, Africa, Middle East and Easter Europe.

Bianca recently joined Nedbank CIB as Head of Market Risk Analysis. She is an experienced risk specialist with a demonstrated history of working in the banking industry, for over 18 years including 10 years’ international experience in London, New York and Hong Kong. Bianca’s roles have included various quantitative risk roles, including roles in counterparty credit risk, market risk, and derivative structuring. Bianca has also worked in the risk consulting space, assisting banking clients on issues relating to trading risk. She holds a Bachelor of Business Science honours degree specialising in Quantitative Finance from University of Cape Town, and is a Chartered Financial Analyst (CFA) charter holder.

Mr Daniel Mminele has been Deputy Governor of the South African Reserve Bank since July 2009. He oversees Financial Markets, International Economic Relations and Policy, Legal Services as well as the Human and Operations Cluster at the SARB. He is a member of the Governors’ Executive Committee, the Monetary Policy Committee, Financial Stability Committee and the Risk Management Committee of the SARB. He is Chairperson of the Reserves Management Committee as well as Chair of the Board of the Corporation of Public Deposits. Mr Mminele currently serves as the G-20 Central Bank deputy for South Africa, as well as the Chairman for the IMFC Deputies. His experience before joining the SARB includes credit-risk analysis, corporate banking, and project and structured finance at private banking institutions in Germany, the United Kingdom (UK)

Seán Quinlan is Head of Clearing Broker Relationship Management, EMEA and APAC, at LCH. In this role, he is responsible for clearing broker relationships and supporting the growth of LCH’s client clearing business. He also maintains support roles for LCH in South Africa, as well as in new member onboarding. Seán joined LCH in 2012, and he has held roles in SwapClear Membership Sales, Product and most recently in APAC sales and business development. Prior to LCH, Seán was an Equity Research Analyst at Bloxham Stockbrokers. He holds a bachelor’s degree in commerce and a master’s degree in finance from University College Cork, Ireland.

Paul is a Quantitative Risk Manager at the JSE. His responsibilities include defining and executing risk management practices and methodologies that ensure that the JSE and its clients are adequately protected against counterparty credit risk, investment risk, and liquidity risk.  

Paul started his career at the JSE when he joined the JSE’s graduate recruitment program in 2009, and through the years, he has been intimately involved in several quantitative projects at the JSE, including:

• The design and implementation of the JSE’s suite of yield curves;
• The development of various valuation methodologies, including a valuation methodologies for swap futures, bond options, and various other fixed income securities;
• The design and upkeep of new initial margin methodologies for several product types.
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• Paul’s area of expertise lies in the derivatives clearing space, where Paul has a wealth of knowledge relating to:
• Vanilla and exotic derivative valuations, across all asset classes;
• Asset price dynamics, allowing Paul to understand optimal initial margin methodologies – i.e. methodologies that provide adequate levels of protection without being prohibitively expensive for market participants.

Paul holds an M.Sc. in Financial Engineering from the University of Pretoria.  

Clayton Stewart is the Chief Investment Officer and shareholder in Caleo Capital. Clayton Stewart is the Co-Founder and Director at Imali Asset Management (Pty) Ltd. Clayton has been managing funds at Caleo Capital for many years. Responsible for both the local and offshore funds. Both Caleo and Imali Asset management use Clayton’s expertise in trading in equities, bonds and instrument on various bourses around the world. As well as his experience in trading forex across various currencies, structuring portfolios and international investment solutions, wealth offshore trading across jurisdictions, including the set up offshore structures and structured finance deals. Clayton in his function as fund Manager of Caleo Global Flexible Fund, has been successfully trading ETFs internationally, for many years now.

Leo leads the IBM Financial Risk Technical sales team; a team with extensive quantitative and qualitative knowledge in Financial risk.  The team operates worldwide with SME knowledge across regulations, risk best-practices and analytics across both buy and sell side institutions.

As a technical architect, Leo has significant experience in technological developments over the past 14+ years within the complex Financial risk management space, including parallel processing, grid-based technology, onto Cloud and SaaS solutions and, more recently, with BigData/Hadoop enterprise architectures and Risk Data Aggregation.

• Expert in IBM Risk Analytics solutions and a trusted advisor for new products, projects and initiatives, particularly in Enterprise Risk
• Key advisor in technological innovations of IBM Risk Analytics solutions
• Designed and delivered IBM Risk Analytics solutions at numerous clients with varied technology and can advise on technical solution designs and recommended architectures
• Experience in small and large scale, global, multi-tenant implementations for Banks, Asset Managers/Hedge Funds and Insurance companies delivering comprehensive Enterprise Risk, Market/Credit Risk and Regulatory (Basel II/III) and Economic Capital/Solvency II projects
• Implementation of Regulatory compliant solutions for large UK and European banks for Basel, IMA/ICA projects
• Expert in Big Data/Hadoop infrastructure for Risk Analytics

Terence is currently the Head of Risk in the Post Trade and Information Services Division at the Johannesburg Stock Exchange and is responsible for the risk management of all the markets that the JSE operates.

Over the span of his career, Terence has held a number of risk management positions within financial services including the banking, insurance, consulting and financial market infrastructure sectors.

He has vast knowledge and insights on a range of asset classes having held responsibilities for risk management of equity, interest rate, precious and base metal, agricultural and foreign exchange products. In his various roles he has focused on market, liquidity, credit and counterparty-credit risks and economic and regulatory capital calculation and allocation.

Terence holds an B.Comm.Hons (Institutional Investments) qualification from the University of Stellenbosch which he obtained in 2000.