MOVING UP

Group Chief Economist
PSG Financial Services

PSG Financial Services has appointed economist Johann Els as Group Chief Economist, effective 1 December 2025. Els joined PSG with over 35 years’ experience spanning economic strategy, financial markets and public policy. Most recently, he served as Group Chief Economist at Old Mutual, following a distinguished career focused on macroeconomic analysis and forecasting. Johann holds a Master of Commerce (MCom) in Economics and is widely respected for his balanced perspective on South Africa’s economic landscape and the global forces shaping markets.

Portfolio Manager
Sanlam Investment Group

Sanlam Investment Group has appointed Rachma Ismail as a portfolio manager from 1 February 2026, leveraging her deep expertise in credit analysis and private debt portfolios. Rachma joins the asset manager from the South African Reserve Bank’s Prudential Authority, where she served as a credit risk analyst.

Previously a Portfolio Manager at Sanlam Investments, where she managed a R2.2 billion mandate funding SMEs, Ismail brings proven skills in financial reporting and governance from her University of Cape Town Master’s. As Deputy Chairperson of ABSIP Young Professionals, she champions transformation in South Africa’s investment sector.

CIO of Systematic Strategies
Momentum Asset Management

Momentum Asset Management announced the appointment of Mario Fisher as Chief Investment Officer: Systematic Strategies, effective 15 January 2026, further strengthening its quantitative and systematic investing capability. Mario brings nearly 30 years of experience across quantitative research, portfolio management, data science and systematic investment process leadership. He joined Momentum Asset Management, as part of Momentum Investments, with a strong track record of building and leading high-performing investment teams, as well as designing robust and scalable systematic investment frameworks.

He holds a Master of Science in Computer Science and a Bachelor of Commerce in Information Systems from the University of Cape Town.

Executive Director
Just Share

Just Share announced the appointment of Nicole Martens as their new Executive Director, effective 1 February 2026. Nicole brings a wealth of relevant skills and experience to Just Share, with a career spanning investment, stewardship, research, and advisory roles.

As a development economist and environmental scientist, Nicole’s career has focused on supporting corporate accountability, responsible investment, and a just transition in South Africa, objectives which fully align with Just Share’s mission and vision.

Chief Risk Officer
Momentum Insure

Momentum Insure announced the appointment of Francois Venter as Chief Risk Officer (CRO), effective 1 January 2026. Venter, a seasoned executive with over two decades of experience across global insurance and investment markets, joined Momentum Insure to lead its risk management strategy.

Venter brings a distinguished track record of managing complex business units, with specific expertise in product innovation, hedging strategies, and investment management. His career spans senior leadership roles both locally and internationally.

PwC South Africa
CEO

Since July 2021, Anastacia had been the Chairman of the PwC South Africa Governing Board and the PwC Africa Governance Board. As she steps into the CEO role, she formally passes the baton as Chairman of both Boards, to Alsue du Preez. Alsue is currently the PwC Africa Insurance Leader and brings over 18 years of partner experience on large listed financial services clients. Her leadership and expertise will continue to strengthen PwC’s governance bodies.

Alongside this governance transition, Anastacia brings a wealth of experience to her new role. Her career spans over 19 years at PwC, and as an Assurance Partner she has deep experience across Financial Services, Consumer Markets and Industrial Products and Services. Anastacia has led audits of large local and multinational companies with operations globally. Her leadership is grounded in quality, ethics, inclusion, and a steadfast commitment to our people and brand.

Head of Fixed Income Credit
STANLIB

STANLIB Asset Management announced the promotion of Portia Boshomane to Head of Fixed Income Credit, effective 1 November 2025. This appointment reflects STANLIB’s long-standing commitment to succession planning and the development of future leaders within its investment teams.

Portia first joined STANLIB as a graduate trainee in 2015. She worked in STANLIB’s Africa regions business and left to further her skillset at Momentum Group as a credit analyst. She returned to STANLIB in 2020 as a fixed income credit analyst and was promoted to senior credit analyst in June 2024. She holds a BCom (Honours) in Financial Management from the University of Johannesburg, CFA Level 1, and a certificate in Financial Markets and Instruments.

Head of Investment Solutions
Glacier by Sanlam

Zeenat Patel’s has been appointed as Head of Investment Solutions for Glacier by Sanlam, effective 1 January 2026. In this role, Zeenat will be a key contributor to Glacier’s business goals and lead Glacier Invest, the joint venture with Sanlam Multi-Manager.

Before Glacier, Zeenat was the Alternatives Investment Director at Mercer (London), advising institutional clients across Europe, the Middle East, Africa, and Latin America. She also spent time at Alexforbes (South Africa) as the Head of Alternatives, where she launched and managed private market strategies across private equity, credit, infrastructure, and real assets.

Head of Distribution
M&G Investments

Kondi joined M&G Investments in December 2025 as Head of Distribution and is responsible for leading the distribution strategy and execution across the institutional, wholesale, and client solutions channels. Prior to joining M&G, he served as Country Head for South Africa at Schroders. During his seven-year tenure at Schroders, he held several senior leadership roles, including Head of Institutional Business Development. His career spans more than 20 years in financial services, with previous roles at Ashburton Investments, Momentum, and Liberty Corporate.

He holds a Master’s degree in Finance and Economics from West Texas A&M University and a Bachelor of Commerce in Information Systems from the University of Cape Town. He has also completed Level 1 of both the CFA and CAIA programs.

Managing Executive
Old Mutual Corporate

Old Mutual Corporate has appointed Thakane Setsabi-Mushonga, FFA and FASSA-qualified actuary, as Managing Executive, effective early 2026, strengthening its leadership in employee benefits and retirement solutions. Previously General Manager at Old Mutual’s MFC unit, she drove progressive diversity initiatives and client-focused strategies, emphasising holistic career growth for women in finance. In April 2025, she also became Chairperson of the Old Mutual Education Trust (OMET), advancing educational equity. Her expertise aligns with FSCA governance standards, enhancing fiduciary services for pension fund trustees amid COFI reforms. This dual role positions Old Mutual for innovative institutional offerings.

Thakane holds a BBusSc Honours in Actuarial Science (UCT), and has completed the GMP (GIBS), and Global Leadership (London Business School) programmes.

Head of Asset Consulting
27Four Investment Managers

Chinell Bermosky, MBA graduate from the University of Stellenbosch, has joined 27four Investment Managers as Head of Investment Consulting. Previously, she was Investment Consultant and Responsible Investment Specialist at Old Mutual Corporate Consultants, specialising in ESG strategies for retirement funds. Announced in mid-January 2026, her move bolsters 27four’s expertise in institutional portfolio construction for pension funds and corporates. With her background spanning retirement fund governance and advisory, key areas for South African compliance under FSCA and COFI, Bermosky will drive outcome-focused strategies amid evolving private markets and ESG demands.