Ex-Sanlam exec appointed CIO at Ashburton Investments

.
.

Patrice Rassou, the former head of equities at Sanlam Investment Managers, has been appointed chief investment officer at Asburton Investments, the asset management arm of FirstRand. The appointment is effective from April 2020. 

This is a new role created to coordinate the various investment management activities of the FirstRand Group, according to a statement issued on Friday afternoon. 

Mary Vilakazi, FirstRand COO, described the appointment as a "coup". 

"To attract an investment professional of Patrice’s calibre is a coup for us. It demonstrates how serious we are about building a competitive and innovative asset management business."

Before joining Sanlam in 2006, Rassou worked at Thesele Group, Old Mutual Asset Management and PwC. He holds an MSc in economics from the London School of Economics and Political Science, an MBA with distinction from Manchester Business School, and is a chartered accountant. 

Earlier in October, Ashburton appointed Sizwe Nxedlana as its new CEO. 

Compiled by Marelise van der Merwe

ZAR/USD
16.76
(+0.23)
ZAR/GBP
21.14
(+0.37)
ZAR/EUR
18.97
(+0.19)
ZAR/AUD
11.68
(-0.03)
ZAR/JPY
0.16
(+0.35)
Gold
1808.47
(+0.48)
Silver
19.14
(+2.08)
Platinum
841.00
(+2.12)
Brent Crude
43.02
(0.00)
Palladium
1979.66
(+1.41)
All Share
55897.44
(+0.87)
Top 40
51593.19
(+0.86)
Financial 15
10573.60
(+0.97)
Industrial 25
76372.09
(+0.31)
Resource 10
53306.34
(+1.57)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1981 votes
I am taking a hit, but should be able to recover in the next year
23% - 2590 votes
My finances have been devastated
34% - 3854 votes
It's still too early to know what the full effect will be
25% - 2768 votes
Vote