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Announces key executive appointments
Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“Alexander Forbes” or “the Group”)
ALEXANDER FORBES ANNOUNCES KEY EXECUTIVE APPOINTMENTS: NAIDENE FORD-HOON AS GROUP
CHIEF FINANCIAL OFFICER; CHRISTIAN SCHAUB AS GROUP CHIEF HUMAN RESOURCES OFFICER; THABO
MASHABA AS GROUP CHIEF EMPOWERMENT & TRANSFORMATION OFFICER
Alexander Forbes Group Holdings Ltd has announced three key new executive appointments to strengthen
its leadership team focused on implementing the Group’s strategic ambition of building a globally
distinctive pan-African financial services leader across five strategic business pillars.
These five pillars are to:
- Grow its institutional financial services & asset management capability;
- Grow its retail financial services, including offshore capability;
- Expand across select sub-Saharan African & emerging market geographies;
- Strive for excellence across service, operational & technology enablement; and
- Innovate and create internal capacity to disrupt itself.
The new appointments are Naidene Ford-Hoon as Group Chief Financial Officer (GCFO), Christian Schaub
as Group Chief Human Resources Officer (GCHRO) - subject to issuance of a work permit - and Thabo
Mashaba who is assuming a new role of Group Chief Empowerment & Transformation Officer (GCETO). All
appointments are effective from 1 September 2017.
Ford-Hoon joins the Group from the South African Reserve Bank (SARB) where she was Group Chief
Financial Officer. Her extensive strategic experience at SARB and in the corporate sector makes her the
ideal candidate to assist Alexander Forbes in realising its strategic goals. “Naidene is a high calibre
individual and an exceptional addition to our management team. She brings outstanding financial acumen,
a combination of comprehensive corporate and public-sector experience at the highest levels at the central
bank of South Africa, SARB. Naidene will provide sound judgement and strong challenge – qualities I value
highly. I would also like to take this opportunity to thank Bruce Bydawell for his substantial contribution
over the past several months in his role as acting GCFO. Bruce will revert to his previous role and support
Naidene in building a best-in-class finance team”, says Group Chief Executive Andrew Darfoor.
Schaub comes from the Marsh & McLennan Companies, where he was Global Change Leader, Human
Resources Transformation based in New York, US. “Marsh & McLennan Companies are global talent
management leaders and Christian has been at the heart of this journey in helping the organisation
transform and develop its people to maximise human capital performance. These are all necessary qualities
and skills we welcome. Christian is an exceptional HR professional who has worked across a variety of
industries, countries and cultures. He combines great operational and strategic HR skills which will be an
asset to the Group during the next phase of our strategic transformation,” Darfoor said.
Mashaba was formerly GCHRO at Alexander Forbes and previously at ABSA bank, so his understanding of
the financial sector and the B-BBEE transformation imperative is extensive. “Thabo’s experience with our
brand and our people puts him in an ideal position to spearhead our executive-level commitment to
empowerment and transformation and to lead our diversity imperatives. Included in his portfolio is our
active contribution to society through the Alexander Forbes Community Trust,” concludes Darfoor.
Darfoor said the three executives join a highly experienced and driven leadership team that is already
strongly executing the Group’s strategy to grow its business in the three business pillars of institutional,
retail and emerging market sectors.
“We are delighted to welcome Naidene and Christian to the executive team, alongside a new role for Thabo
within the Group. We have a crystal clear strategy and value proposition, a strong leadership team that is
aligned and focused on the delivery of our strategy with speed and precision, and a focus on delivering on
the significant upside potential that exists for Alexander Forbes in building a globally distinctive pan-African
financial services leader operating in South Africa and selected emerging markets,” says Darfoor.
“We have been strengthening our leadership team with executive appointments in key executive roles.
Working with my colleagues, I am confident of the future success of our strategy in helping our clients
achieve a lifetime of financial well-being and security,” concludes Darfoor.
Sandton
4 July 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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