Legal and Compliance
Compliance is an important part of investment management. We apply strict compliance to rules and mandate limits in your investments. Our compliance department issues daily reports for any breaches on mandates and the expected timeframe in which the breach should be corrected. Portfolio managers are expected to reply to the breach reports informing compliance of the actions and timeframes in which limit breaches will be corrected.
Our investment compliance framework
Regulatory framework
Most portfolios have to comply with Regulation 28 and or the collective investments scheme’s Board Notice 90.
Mandate limits
Some business clients have specific mandate requirements around credit ratings or duration limits, which we maintain.
Credit ratings
We use various reports around credit ratings and exposures for investment management as well as managing risks. We have well-defined internal credit risk policies.
Concentration risks
We are always aware of concentration risks in the portfolios and mitigate or reduce those risks where possible.
Sub-committees of the board of directors
Audit panel
Risk committee
Executive committee
Tax committee
Compliance committee
IT committee
Meet the team
Daleen Lessing
HEAD: GOVERNANCE
BCom Economics
Elmien Werner
HEAD: RISK
BCom(Acc), CFA
Sharika Kalain
HEAD: LEGAL and REGULATORY COMPLIANCE
BCom (Law, Finance, Investments), LLB.
Hettie Joubert
HEAD: WEALTH AND RETIREMENT FUND LEGAL
BLC, LLB, LLM
Leander Snyman
HEAD: INVESTMENT COMPLIANCE AND RISK ATTRIBUTION
BSc Eng.
Bernard Pieterse
BUSINESS COMPLIANCE ANALYST
BCom(Acc), CFA
B.Com Banking
Jackie Drotsky
MOMENTUM CONSULT COMPLIANCE
ICGSA
CPrac(SA), CAIB(SA)
Resource centre
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