Warmington’s new venture

2011-02-15 00:00

A STALWART of the Pietermaritzburg business community will embark on a new chapter in his professional life — following more than 50 years in the accounting field.

The well-known Peter Warmington, director of Warmingtons Incorporated, will now head the newly-established Pietermaritzburg office of Alpha Asset Management.

Warmington (71) is the chairperson of the Pietermaritzburg branch of the SA Institute of International Affairs. He is also involved in Safe City (PMB) and Business Fighting Crime.

He told The Witness that he will spend the next few years building and strengthening Alpha’s client-base in Pietermaritzburg and the KZN midlands. Alpha is an asset management company with a conservative outlook — focusing on older, retired clientele and families.

“This is quite a challenge. I have been working in the investment field with Orange Capital, which recently merged with Alpha,” Warmington said. His retirement will begin on March 31, 2011.

Other capable directors at Warmingtons Inc. will now take over the leadership mantle at the firm.

Born in India, Warmington spent the early years of his life in India as his father was a mining engineer. His family had to leave the country during World War 2 — around 1942. His first visit to South Africa was a six-month stay in Strand, Cape Town. He then went to the UK and eventually completed his articles in accountancy at a firm in Devon, England — with more than a gentle prod from his father.

Shortly after joining Coopers & Lybrand in London in 1965, Warmington was transferred to Johannesburg. He would eventually find his way to KZN, where he worked in Coopers’ newly-established Pietermaritzburg office.

Warmington spent more than a decade dealing with insolvencies.

He eventually established Warmingtons Inc. in an effort to return to the field of accountancy.

The firm operated initially from a property in Killarney Terrace, before moving to 221 Pietermaritz Street. Warmingtons Inc. then moved to the Victoria Country Club office park about two-and-a-half years ago. The business has been based at its own premises at the office park for the past year-and-a-half.

“I intend on pursuing my passions, which include oil painting and fly fishing, over the next few years. I am also writing an autobiography for my grandchildren,” he said.

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