MOVING UP

Sanlam Private Equity promotes Brandon Subrayan Partner

Sanlam Private Equity (SPE), the private equity division of Sanlam Investments, has promoted Brandon Subrayan and Gift Pule to Partner, effective 1 April 2026. Both step up from Principal roles, having led and co-led a series of landmark transactions in SPE Mid-Market Fund I and taken early leadership positions in the deployment of Mid-Market Fund II. In their new roles, they will take on greater responsibility for investment strategy, origination, portfolio oversight and fund deployment alongside Managing Partner Paul Moeketsi.

Subrayan is a CFA charterholder with a BCom and a BCom (Hons) in Finance from the University of KwaZulu-Natal. He joined Sanlam Private Equity in 2015 from strategy consultancy Burlington Strategy Advisors and, over his 11 years at SPE, has progressed through the firm’s investment ranks.

Sanlam Private Equity promotes Gift Pule Partner

Dr Pule joined Sanlam Private Equity as an Investment Associate in 2020, rising to Principal in 2023. He holds a PhD in Human/Medical Genetics from UCT, undertaken in part as a doctoral fellow at Baylor College of Medicine, and an MBA from Regent Business School. He was named one of the Mail & Guardian’s 200 Young South Africans in 2024.

Paul Moeketsi, Managing Partner at Sanlam Private Equity, says: “I am incredibly proud of Brandon and Gift on their appointments. Beyond tenure and deal execution, both have played instrumental roles on portfolio company boards, driving value creation, leading acquisitions and building strong relationships across our portfolio.”

Heinrich Punt to lead SanlamConnect as Chief Executive

Sanlam’s business for professional, relationshipdriven financial advice and planning has appointed Heinrich Punt as Chief Executive, effective 1 April 2026. The internal leadership move reinforces continuity for the business and supports Sanlam’s broader Retail Affluent strategy.

Punt succeeds Jean Lombard, who will now lead Sanlam’s Retail Affluent comprising SanlamConnect, Glacier, Sanlam Risk and Savings, and Strategic Initiatives.

Lombard says, “Heinrich is a highly respected leader who understands our business, our intermediary market and the opportunities ahead. He brings deep operational and strategic knowledge, strong continuity, and a genuine understanding of the adviser models that are central to SanlamConnect.

Punt has been with Sanlam for 26 years, most recently as General Manager of the Intermediaries business. Before that, he led Enterprises, the business unit responsible for the group’s enterprise, partner and outsourced distribution models.

Sanlam Investments Multi-Manager appoints René Basson as Head of Marketing

Sanlam Investments Multi-Manager has appointed René Basson as Head of Marketing. Reporting to CEO Darryl Moodley, she will serve on the Executive Committee and will be responsible for shaping and executing brand and marketing strategy across the business. She will lead brand, positioning and integrated marketing across distribution channels to drive brand equity and business growth through targeted acquisition, engagement and retention initiatives.

Basson brings over 24 years of experience across financial services, ICT and consumer durables, with deep expertise in strategy, planning and the execution of complex, multi-market programmes.

She holds a BCom in Marketing from Stellenbosch University and a BCom Honours in Marketing, cum laude, from the University of South Africa, and is Co-Head of the Women in ETFs South African Chapter.

“René’s track record of building brands and driving commercial growth across complex, multi-market environments makes her the ideal leader to take our marketing capability to the next level,” says Darryl Moodley, CEO of Sanlam Investments Multi-Manager.

Growing internal talent: STANLIB promotes Chetan Ramlall to portfolio manager

STANLIB Asset Management is pleased to announce the promotion of Chetan Ramlall to portfolio manager in the Systematic Solutions team, effective 1 April 2026. This appointment is aligned with STANLIB’s long-standing commitment to the development of future leaders within its investment teams.

Chetan joined STANLIB’s graduate programme in 2019. He has been actively involved in portfolio management across the systematic active equity fund range for several years and has led AI and machine‑learning initiatives at STANLIB. He holds an MPhil in Mathematical Finance (with distinction) from the University of Cape Town and a BSc (Honours) in Electrical Engineering from the University of KwaZulu‑Natal, and has received numerous awards for academic achievement.

“This promotion reflects Chetan’s progression into a multi‑skilled researcher and portfolio manager, combining curiosity with academia, technology and data to address complex investment challenges, in line with the direction of our Systematic Solutions capability,” says Mark Lovett, Head of Investments at STANLIB Asset Management.

Prescient Fund Services promotes Donavon Koen to Head of Operations

Prescient Fund Services is pleased to announce the promotion of Donavon Koen to Head of Operations. Donavon has been with Prescient Fund Services for 7 years most recently serving as Head of Fund Accounting. During this time, he has demonstrated exceptional operational expertise, strong leadership capability, and a deep understanding of the business through his impactful work within Operations Support and Fund Accounting.

In his newly appointed role as Head of Operations, Donavon will oversee Fund Accounting, Alternative Administration, Trades, and Data Management. Reporting directly to Lance Jacobs, Chief Operating Officer, he will play a pivotal role in strengthening and enhancing the firm’s operational capabilities as the business continues to grow and scale.

“Donavon’s promotion reflects both the depth of talent within Prescient Fund Services and our commitment to developing and empowering our exceptional individuals, fostering a culture of growth and accountability”, said Craig Mockford, CEO of Prescient Fund Services.

Momentum Securities appoints Refilwe Moroko as CIO

Momentum Securities is pleased to announce the appointment of Refilwe Moroko as Chief Investment Officer (CIO), effective 1 May 2026.

Moroko joins Momentum Securities’ leadership team with over 18 years of specialised experience in equity research, portfolio construction, and credit risk management. Her appointment represents a strategic move to bolster the firm’s investment capability and ensure sustained, long-term performance for clients.

In her role as CIO, Moroko will oversee the end-to-end investment capability at Momentum Securities. Her mandate includes guiding portfolio management teams, enhancing research frameworks, and embedding robust investment governance.

Moroko has a B.Com in Accounting, a B.Compt (Honours) in Cost Management Accounting, and is a CFA® Charterholder.

“We look forward to the leadership, clarity, and energy Refilwe will bring to Momentum Securities as we continue to build an investment capability we are all proud of,” says Steven Schultz, CEO of Momentum Securities.

Citadel announces Sajeel Maharaj as its CEO succession plan

Citadel has confirmed a planned leadership transition, announcing that Chief Executive Officer (CEO), Andrew Möller, will be retiring from his executive role, with Chief Operations Officer (COO), Sajeel Maharaj, appointed as the new CEO, effective 1 July 2026.

 Möller has held senior leadership roles within the specialist wealth management company for three decades and has led Citadel as CEO since 2013, making him one of the industry’s longest serving CEOs.

“I believe the time is right for me to retire,” says Möller. “Over the years, I’ve had the privilege of working alongside people who care deeply about this business, our clients and importantly, one another. Together, we’ve navigated uncertainty, built resilience and stayed anchored to what matters, even as the environment around us shifted.”

Since joining Citadel in 2018, Maharaj has played an important role in advancing the Citadel Group’s growth strategy and has been instrumental in strengthening its operating model, with a focus on enhancing client service, developing products, improving platform and process efficiency and leveraging technology while maintaining rigorous regulatory compliance.

Schroders enhances client focus with Head of Cross Border Financial Institutions

Schroders, a global leader in active management, is enhancing its focus on meeting the increasingly complex needs of major global clients with the appointment of a Head of Cross Border, Financial Institutions.

Guillaume Lendormy will oversee and drive the global client strategy for large institutions which operate across multiple markets, navigating jurisdictional and regulatory complexity.

In this newly-created role, Guillaume will focus on strengthening strategic relationships, ensuring consistent engagement with the key decision-makers across relevant jurisdictions. He will dovetail with Schroders’ investment teams to ensure market insights and product capabilities are aligned with clients’ evolving needs and are responsive to emerging investment opportunities across regions.