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Satrix Announces Fikile Mbhokota As Its New CEO

Satrix – the leading provider of index-tracking investment products and exchange-traded funds (ETFs) in South Africa – today announced the appointment of Fikile Mbhokota as its new Chief Executive Officer (CEO). The appointment is effective from 1 June 2022.

Mbhokota is a seasoned leader in the financial services industry, with over 18 years in the industry. Her experience ranges from indexation and active investment management to consulting, operations, research, strategy, fund administration, custody management, executive client account management and business origination.

Most recently she held the positions of Investment Manager and Acting Head of Investments at the Government Employees Pension Fund (GEPF), Africa's largest pension fund with more than 1.2 million active members and assets worth more than R1.7 trillion.

Reece Briesies, Chief Financial and Operational Officer at Sanlam Investments, acted as CEO since Helena Conradie’s departure in 2021. He says, “We are beyond thrilled to welcome a leader of Fikile’s calibre to Satrix. Her exceptional leadership pedigree will bring deep value to all tiers of the business.

“As a business committed to democratising investment in South Africa, we know the breadth of her experience will help us deliver on our mission both to institutional and retail clients. Fikile joins an experienced and stable executive team at Satrix, which includes Kingsley Williams, Rick Martin, Yusuf Wadee and René Basson. We are confident that the Satrix business will maintain its leading position among peers with this new appointment.”

Mbhokota’s prior roles have included Senior Investment Consultant at Absa Consultants and Actuaries, where she was a member of the junior executive committee, consulting to some of the largest pension funds in Africa. She also held investment consulting positions at Momentum Asset Management, Riscura and Old Mutual (previously acsis Limited).

In addition, she also has vast experience consulting at executive and board level to some of the largest pension fund boards in Africa.

Mbhokota holds a Master’s Degree in Finance and is currently in her final year studying towards a PhD in Finance on private equity, firm performance, governance, and economic growth in Africa. She has completed private equity, strategic asset allocation, manager selection and master custody programmes at the Institute for Limited Partners in Chicago and World Bank in Washington DC, USA, respectively.

She is married, has two children and is an avid marathon runner.

About Satrix

Satrix is the leading provider of index-tracking investment products and exchange-traded funds (ETFs) in South Africa, with over R160 billion (source Satrix: December 2021) in assets under management invested in the range of ETFs, index-tracking unit trusts, life pooled and segregated portfolios that are specifically tailored for client-specific mandates or retail funds.

It pioneered index investing in South Africa, launching the flagship Satrix 40 ETF as the first locally listed ETF in November 2000. The business services the institutional, intermediary, and individual investor markets. Satrix has proven expertise in risk management, portfolio analysis and index construction.

A core part of the Satrix purpose is to drive the democratisation of investments for all South Africans, where SatrixNOW, the no-minimum amount online investing platform, is a key enabler to provide access for South Africans to “Own the Market”.

Satrix holds the largest market share in the ETF industry in South Africa at nearly 30% and was the most successful raiser of new capital in 2021, at R4.7 billion. Additionally, the multi-award-winning business has grown assets under management by 50% since the beginning of 2020, under some of the most challenging market conditions in history.

So far in 2022, Satrix was awarded the title of Morningstar’s Best Large Fund House for the second consecutive year and SALTA’s People’s Choice Award for favourite South African ETF for the fifth consecutive year.

Satrix is an authorised Financial Services Provider and Manager in terms of CISCA. Visit the Satrix website for more information.

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