REINET INVESTMENTS S.C.A - Senior Management Changes Appointment of New Chief Executive Officer

Senior Management Changes – Appointment of New Chief Executive Officer

Reinet Investments S.C.A. Depositary Receipts
issued by Reinet Securities SA
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI


REINET INVESTMENTS S.C.A. 

PRESS RELEASE FOR IMMEDIATE RELEASE

14 July 2014


SENIOR MANAGEMENT CHANGES – APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER


Reinet Investments Manager S.A. and Reinet Fund Manager S.A. announce that Mr Alan Grieve, Chief Executive Officer of both companies, has intimated his intention to retire with effect from 31 December 2014.

The role of Chief Executive Officer of both companies will be taken over by Mr Wilhelm van Zyl. Mr van Zyl has, until recently, been Deputy Chief Executive of MMI Holdings Limited, a Johannesburg Stock Exchange listed vehicle encompassing a wide range of financial service businesses. Mr van Zyl has had strategic responsibility for the Investments, Health, Employee Benefits and International divisions of MMI Holdings with day to day responsibility for the Investments business. He holds a BComm from the University of Stellenbosch in South Africa and is a Fellow Member of the Institute and Faculty of Actuaries in the United Kingdom.

Commenting on the appointment, Mr Johann Rupert, Chairman of Reinet Investments Manager S.A., said:
‘Alan has had a long career with both Richemont and Reinet and I would like to thank him for his support over the past 28 years, during which time so much has been achieved. I am pleased to say that we will not lose his experience and knowledge of the business as he will remain as a member of the board of the Reinet companies.

I would like to take this opportunity to welcome Wilhelm. He has a strong background in the financial services sector in South Africa and overseas and is looking forward to the new challenges which Reinet will offer him. I am sure he will be a great addition to the team and I look forward to working with him.’ 

Reinet Investments Manager S.A. is the general partner of Reinet Investments S.C.A.; Reinet Fund Manager S.A. is the general partner and management company of Reinet Investments S.C.A.’s wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S.


Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.


Reinet Investments S.C.A. is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35 boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A. F.I.S., a specialised investment fund also incorporated in Luxembourg. Reinet Investments shares are listed on the Luxembourg Stock Exchange, the primary listing, and its South African Depository Receipts are listed in Johannesburg, the secondary listing. The Company’s shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg exchange.

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