Manager Wrap - STANLIB

1 STANLIBM ulti- Manager STANLIB Asset Management Ben Kodisang resigned from his position as Managing Director of the Asset Management business unit at STANLIB . Bhekinkosi Khuzwayo has been appointed as Portfolio Manager in the Absolute Return Franchise effective 1 April 2016. Bhekinkosi was part of the research team at Cadiz before joining STANLIB in 2012. He has since been an Analyst in the Absolute Return Franchise. Bhekinkosi holds an MSc degree (Cum Laude) in Operational van der Ross joined STANLIB as a Portfolio Manager in the Absolute Return Franchise. Peter joins STANLIB from Liberty where he was Head of LibFin Investments.

2 He has more than 17 years of largely investment management experience, as well as a background in life insurance at Momentum and holds a B BusSci degree and is a CFA charter Wagner joined STANLIB as a Portfolio Manager in the Multi-Asset Franchise. Anwaar joins STANLIB from Old Mutual Global Emerging Markets (GEM) where he worked as the Portfolio Manager . Anwaar holds a B BusSci van der Vyver joined STANLIB as an Assistant Money Market Portfolio Manager in the fixed income Franchise. Eulali joins STANLIB from Standard Bank. Eulali holds a CA (SA).Imara Asset Management Danilo Pagani joins IAMSA as an Analyst and Trainee Portfolio Manager .

3 Danilo joins the company from Momentum SP Reid Securities where he worked as a sell-side Analyst for just over two years. Danilo holds a BCom Finance Calder formally joins the research team at IAMSA as an Analyst. She holds a BSc degree and is a CFA charter holder. Investec Asset Management Christiaan Derksen resigned from his Portfolio Manager position in the Alternatives team. He left to pursue an alternative wrap Quarter 1, 2016A quarterly highlight of people movement, asset Manager and corporate events impacting the South African investment industryCesaire Tobias joined Investec as an Analyst within the Emerging Market fixed income team.

4 Cesaire holds a BSc (Economics) degree from the University of Cape Marshall joined Investec as an Investment Specialist within the Global Emerging Market Debt team. Nicholas holds a BSc Acturial Science (Hons) degree from the University of Cape Town and holds a diploma for graduates in Computer Science from the University of Kerr-Smiley joined Investec as an Investment Specialist within the Quality Investment team. Frederick holds a BA (Honours) degree, an Investment Management Certificate, is a member of the CFA Society of the UK and is a CFA Level II Laijawalla joined Investec as an Analyst within the 4 Factor Equity team.

5 His focus area is on global emerging markets. Varun joins Investec from Macquarie Capital Securities where he was the Vice President of Asia ex-Japan Equity Sales. Prior to this, he worked as a Management Consultant at Corporate Value Asset ManagementSaul Miller resigned from his position as Head of Equities at Argon. At this point, Saul is considering a few Matlala joined the Equity team at Argon as an Analyst. Mpho is a rated sell side Equities Analyst with approximately 10 years investment industry experience. He began his investment career in 2005 at Sanlam Investment Management in the area of research.

6 Mpho holds a BCom (Information System) degree and BCom Hons (Financial Analysis and Portfolio Management) degree from the University of Cape van Garderen resigned from her Equity Analyst position at Argon. She has decided to leave the industry to spend some time with her young family before getting back into full time Thabi Leoka joined Argon in the role of Economic Strategist. She has multi organisational experience from the likes of Renaissance Capital, Standard Bank, Investec Asset Management (UK) and Barclays (London) where her roles included Head of RSA Macroeconomic Research and Emerging Markets Economist.

7 Thabi s coverage in the past also included Latin America, Asia and Central Europe as well as a number of African countries. Thabi holds a PhD and M Sc (Economics) from the London School of Economics (UK), MA (International Economics) Witwatersrand University (first-class and recipient of a Merit award) and BA degree from the University of Witwatersrand. Junaid Bray has been promoted to Head of Equities after spending nearly six years in Abu Dhabi as a senior analyst at Argon. Junaid began his career in the investment management industry as a Trainee Analyst at Oasis Asset Management.

8 Junaid has 13 years investment management holds a B Bus Sci (Finance) degree from the University of Cape Town and is a CFA Tembo joined the Equity team at Argon as a Portfolio Manager / Analyst. She holds a BSc (Hons) (Engineering) degree from the University of Newcastle upon Tyne, and an MSc and DIC from Imperial College, London University, Ansley joined the Equity team at Argon as a Portfolio Manager /Analayst. He holds a B Com (Hons) degree from the University of Cape Asset Management Reza Ismail moved from a Business Development role to an Analyst Associate within the Investment team.

9 Prior to joining Kagiso, he spent eight years with Towers Watson as an Investment and Actuarial holds a BSc degree, BA (Hons) and is an Associate of the Society of Actuaries (ASA). He obtained an MBA from the University of Cape Town s Graduate School of Business and a diploma in Mathematical Modelling of Derivatives from Asset Management (ABAM)Eben Mare joined ABAM as Head of the fixed income franchise. Eben joins ABAM from STANLIB Asset Management where he was Portfolio Manager and Joint Head of the Absolute Return holds a PHD in applied mathematics and is also a former Associate Professor, teaching mathematical finance, derivatives and risk at the University of Pretoria.

10 2016 | 2 Manager wrap - Quarter 1, 2016 Ann Leepile joined ABAM as Head of Absa Asset Management. Ann joins from Investment Solutions (IS) where she has held various strategic roles, the most recent being Deputy Chief Investment Officer. Ann is a CFA Charterholder and also holds BCom Finance degree from the University of David joined ABAM as a Senior Equity Analyst. Patsy joins from the Public Investment Corporation (PIC). Patsy is a Wits MBA graduate, as well as an Accredited Representative of the Financial Services Board (FAIS).Sumenthree Naidoo joined ABAM as a Property Analyst.