Sasfin Holdings Limited (“the Group” or “Sasfin”) is a bank-controlling company that listed on the JSE in 1987. Sasfin and its subsidiaries, notably Sasfin Bank Limited (the Bank), provide a comprehensive range of specialist financial products and services for Business and Wealth clients. This range of financial products and services focuses on the needs of entrepreneurs, corporates, institutions and high-net-worth individuals.
Sasfin is “beyond a bank”. We challenge ourselves to create tailor-made products and solutions that suit our clients’ needs – whether they are entrepreneurs or investors. We go beyond the traditional expectations of the financial services industry and strive to deliver solutions with exceptional personalised service.
Our countrywide footprint and comprehensive range of products and services form a strong basis for growth in loans and advances to select businesses, and assets under management and advisement for investors, as we assist our growing client base while achieving acceptable returns on investment.
Our purpose
We contribute to society by going beyond a bank to enable growth in the businesses and global wealth of our clients.
Our values
Integrity
We operate with the utmost honesty, ensuring that ambition is always tempered by uncompromised moral standards. We seek to uplift the communities in which we operate, recognising the importance of sustainability through projects that enhance the lives of others.
Respect
We treat our clients, colleagues and communities with the utmost respect.
Partnership
We strive to be a partner beyond expectations, always seeking solutions that enhance our services through beneficial offerings to our clients. While celebrating brilliance and encouraging independent thinking, we recognise that no individual is greater than the team.
Greatness
We strive for greatness, driven by the aspirations of individuals through their dedication, innovation and excellence. We look for the potential in our employees, clients and partners, realising that greatness often comes from unexpected places. We conduct our business with an entrepreneurial spirit, always seeking new opportunities to contribute to a healthy, growing economy.
Our history
Sasfin was established in 1951 as a textile trading business. This business was converted into a finance business in the 1960s. Sasfin listed as a trade and equipment financier on the JSE in 1987. Following the listing Sasfin established SASP in 1991 - the oldest standing securitisation vehicle in South Africa. Following a number of small acquisitions and strong organic growth, Sasfin obtained a banking license in 1999. In 2000 Sasfin acquired Frankel Pollak Securities which today forms the base of Sasfin Wealth. Sasfin continued to grow both organically and via further acquisitions and today comprises Sasfin Bank, Sasfin Wealth and Sasfin Capital. The Group offers a wide range of financial services and products to entrepreneurs and investors.
Our milestones
Best Corporate Bank 2nd year running
Tap for info Click for info2018
Best Corporate Bank 2nd year running
2018
- Voted Best Corporate Bank for the 2nd year running
BEE transaction with WIPHOLD
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BEE transaction with WIPHOLD
2017
- Concluded BEE transaction with WIPHOLD for 25.1% of the ordinary share capital of Sasfin Holdings Limited
- Obtained $30 million funding line from FMO and DEG
- Voted Best Corporate Bank in Southern Africa by Banker Africa
- Acquired the lending book from Absa Technology and Finance Services
Launched Transactional Banking
Tap for info Click for info2012 - 2016
Launched Transactional Banking
2012 - 2016
- 2012 - Acquired remaining shares in JSE-listed IQuad Group
- 2014 - Became a full clearing and settlement bank
- 2014 - Launched Transactional Banking
- 2014 - Started a Fixed Income Unit
- 2015 - Launched Transactional Banking to Market
- 2015 - Sasfin Asset Managers wins third Raging Bull Award
- 2015 - Acquired and gained control of Fintech (Pty) Limited effective 30 June 2015
- 2015 - Opened new Wealth offices in Melrose Arch
- 2016 - Acquired 14.3% of the issued shares in Efficient Group Limited, a listed Wealth and Asset Manager
Started Sasfin Forex
Tap for info Click for info2007 - 2011
Started Sasfin Forex
2007 - 2011
- 2007 - Obtained a forex dealer license and started Sasfin Forex
- 2009 - Started Sasfin Asset Consulting
- 2009 - Formed a strategic partnership with IFC
- 2010 - Acquired a share in Trinitas Private Equity Fund management company
- 2011 - Acquired a 68.4% share in JSE-listed IQuad Group Limited
- 2011 - Raised seven year funding of 35 million euros from European Development Finance Institutions
- 2011 - Raised $10 million from the IFC and Canadian Climate Change Programme
Increased shareholding in MDM
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Increased shareholding in MDM
2005 - 2006
- 2005 - Increased shareholding in MDM to 52% and started a Private Equity unit.
- 2006 - Raised a further R100 million preference share capital
- 2006 - Concluded a BEE transaction with Innovent Investment Holdings
Granted a banking license
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Granted a banking license
1999
- 1999 - Granted a banking license on 1 July 1999
- 2000 - Acquired Frankel Pollak (now Sasfin Securities)
- 2001 - Granted Custody and Settlement Member status by the JSE
- 2001 - Registered as a sponsor on the JSE
- 2001 - Acquired the business of Regal Treasury
- 2004 - Raised R100 million from preference shares
First acquisitions
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First acquisitions
1997
- Acquired - 60% shareholding in Premier Freight, a freight forwarding and customs clearing company.
- Acquired - 23,6% shareholding in MDM Investment Holdings (Pty) Limited, a private equity company.
- Sasfin Insurance Brokers formed
- Sasfin Asia incoporated and registered in Hong Kong
Listing on the JSE
Tap for info Click for info1951 - 1999
Listing on the JSE
1951 - 1999
- 1951 - Sasfin is established.
- 1987 - Listed on the JSE.
- 1991 - Pioneers securitisation in South Africa.
- Board of Directors
- Executive committee
Our Team
Roy Andersen
Independent Non-executive ChairmanRoy Andersen
Independent Non-executive ChairmanBoard of directors
CA(SA), Certified Public Accountant (Texas), Chartered Director (SA)Appointed 2011 Roy was previously Chairman of Ernst & Young, Executive President of the JSE, Chief Executive Officer of Liberty, Chairman of Sanlam and Murray & Roberts.
Grant Dunnington
Independent Non-executive DirectorGrant Dunnington
Independent Non-executive DirectorBoard of directors
BCom, Certified Associate of the Institute of BankersAppointed 2010, Grant is the Group Chief Executive Officer of SBV Services (Pty) Limited and holds various other directorships and trustee positions. Previously, Grant held various senior positions at FirstRand Bank Limited.
Gugu Dingaan
Non-Executive DirectorGugu Dingaan
Non-Executive DirectorBoard of directors
CA(SA)Appointed 2018. Gugu joined WIPHOLD in 2001 after completing her articles with PricewaterhouseCoopers (PWC) Financial Services Banking Audit Group. She has been involved in corporate finance where she’s worked on mergers and acquisitions, transaction structuring and valuations. She is a non-executive board member of a number of Wiphold Investee companies. She is a Chartered Accountant and has an Executive Development Program Certificate from Stellenbosch Business School.
Richard Buchholz
Independent Non-executive DirectorRichard Buchholz
Independent Non-executive DirectorBoard of directors
BCom (University of Cape Town), CA(SA)Appointed in 2018, Richard has 26 years experience in the financial services industry, mostly in banking, where he fulfilled senior roles in audit, commercial banking and risk management.
Shaun Rosenthal
Alternative Non-Executive DirectorShaun Rosenthal
Alternative Non-Executive DirectorBoard of directors
Shaun is the co-head of investments at WIPHOLD. He has more than 25 years experience in financial services as an executive in corporate finance, trade finance, private equity and investment banking as well as non-executive director on the boards of asset management, stockbroking and treasury management companies.
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsBoard of directors
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Roland Sassoon
Non-Executive DirectorRoland Sassoon
Non-Executive DirectorBoard of directors
FCISUntil his retirement in 2018 from Sasfin in an Executive capacity, Roland had, over 40 years led the transformation of what was a small family textile-trading business into Sasfin Holdings as we know it today. Prior to joining Sasfin, Roland had 10 years of experience in factoring, leasing, export, shipping, and confirming.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorBoard of directors
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsExecutive committee
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorExecutive committee
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Naseema Fakir
Head: Human CapitalNaseema Fakir
Head: Human CapitalExecutive committee
BCom (Honours) (UNISA), MBL (UNISA)Naseema has 24 years’ experience in the financial services industry. She joined Sasfin in 2001 as the Operations Manager, and was appointed Head of Human Capital in 2006. She is responsible for Group Human Resource and Payroll matters including recruitment, retention and reward, policies, procedures and practices.
Linda Fröhlich
Head: Asset FinanceLinda Fröhlich
Head: Asset FinanceExecutive committee
Diploma in Financial Management (Damelin)Linda has 27 years’ experience in the financial services industry. She joined Sasfin in 2002, and has held various positions within the organisation since her first role as Equipment Rentals Divisional General Manager. Linda was appointed Head of Business Banking in 2011, and is responsible for all business banking activities encompassing Transactional Banking, Equipment Rental Finance and Business Finance.
Maston Lane
Chief Operating Officer: Sasfin BankMaston Lane
Chief Operating Officer: Sasfin BankExecutive committee
SIRM (UK)Maston has 30 years’ experience in the financial services industry. He joined Sasfin in 2000 as Senior Advances Manager, and has since occupied the roles of Head of Credit, Head of Credit and Risk, Group COO, Group CRO and is currently the Chief Operating Officer and Alternate Director at Sasfin Bank.
Erol Zeki
Chief Executive Officer: Sasfin WealthErol Zeki
Chief Executive Officer: Sasfin WealthExecutive committee
CFA Charter Holder, BCom Hons (University of Pretoria), BCom (University of Pretoria), Registered member of the South African Institute of Stockbrokers (SAIS)Erol joined Sasfin in 2017 as Chief Executive Officer: Sasfin Wealth following Sasfin’s purchase of SIPP Investments. Erol was a founding shareholder and the CEO of SIPP. Prior to establishing SIPP, Erol was the CEO at FNB Securities (formerly BJM Private Client Services).
Francois Otto
Head: Sasfin CapitalFrancois Otto
Head: Sasfin CapitalExecutive committee
CA(SA), CFA, JSE APPROVED EXECUTIVEFrancois was with Nedbank for 10 years where he completed his financial management articles and worked in the Corporate Finance and Group Mergers and Acquisitions teams. He joined Sasfin as Head of Corporate Finance and Special Opportunities in 2015 and was promoted to managing executive of Sasfin Capital in 2018.
Andrew Josh Souchon
Chief Information OfficerAndrew Josh Souchon
Chief Information OfficerExecutive committee
BEng Honours (Imperial College, University of London, UK)Josh is an IT Strategy and Business Advisory professional, with over 18 years’ experience developing and managing IT in Financial Services, Commodities/Trading and Mining arenas. He joined Sasfin in 2016 as the Chief Information Officer and is responsible for all Information Technology at Sasfin.
Howard Brown
Head: Group LegalHoward Brown
Head: Group LegalExecutive committee
BA (Wits), LLB (Wits), Hdip Corporate Law (UNISA)Howard joined Sasfin and was appointed to the executive committee in 2006. He fulfills the role of Head of Legal and is an admitted attorney having practiced as such prior to joining Sasfin. He is responsible for all legal functions within the Group.
Stewart Tomlinson
Chief Risk OfficerStewart Tomlinson
Chief Risk OfficerExecutive committee
BCom (Wits), Hons BCompt (Unisa), CA (SA)Stewart was appointed Chief Risk Officer for Sasfin in 2018. He has 17 years’ experience in the financial services industry, including three years as a Chief Risk Officer at an international bank, and also has extensive credit experience.
Michael Blackbeard
Head: ComplianceMichael Blackbeard
Head: ComplianceExecutive committee
B.Iur LLB LLM (University of Pretoria) Senior Executive Programme (Wits & Harvard University)Michael worked for the South African Reserve Bank for close on 30 years where he fulfilled many functions including Deputy Registrar of Banks: Regulations and Support for a number of years and the Registrar of Banks for a short period. Michael joined Sasfin as the Head of Compliance in 2018.
Magda Oosthuysen
Head: CreditMagda Oosthuysen
Head: CreditExecutive committee
B.Com (Hons) Accounting, CA (SA), H Dip Tax LawMagda has over 24 years’ experience in the financial services industry having spent 7 years with Absa Corporate and Merchant Bank and 17 years with Nedbank Corporate and Investment Banking. She occupied various roles over this period, including roles in credit, compliance and business. Magda joined Sasfin in 2017 as Head of Credit and is responsible for the overall credit risk of Sasfin group.
Richard Warren-Tangney
Chief Audit ExecutiveRichard Warren-Tangney
Chief Audit ExecutiveExecutive committee
B Com (Hons) (Accounting) (Wits), Registered Auditor (RA), CA(SA)Richard joined Sasfin in 2018 as Chief Audit Executive, after providing internal audit services to South Africa’s biggest bank by assets for a number of years with a focus on Human Capital, Operational Risk and Combined Assurance. Before that he spent 18 years at KPMG in a number of roles, including external audit, IT audit, and as audit partner focused on the external audit of retail and business banks.
Dhesegan Govender
Head: Group Treasury and DCMDhesegan Govender
Head: Group Treasury and DCMExecutive committee
CA(SA), JSE Approved Executive, SAIFM MemberDhesegan is an experienced Group Treasurer within the financial services sector. He has extensive experience in fixed income, equity valuations, capital raising, securitisation and structured finance. He joined Sasfin and was appointed to Exco in 2018. His areas of responsibility at Sasfin include Domestic Treasury, Group Funding and Debt Capital Markets.
Mark Thompson
Independent Non-executive DirectorMark Thompson
Independent Non-executive DirectorBoard of directors
(B.Com LLB) Lawyer and a Chartered Accountant (B Acc CA (SA)Mark was formerly Chief Financial Officer and Executive Director of Sappi Limited – retiring in 2012. Before joining Sappi he was Group Treasurer of Anglo American. He is both a qualified lawyer (B.Com LLB) and a Chartered Accountant (B Acc CA (SA).
Eileen Wilton
Independent non-Executive DirectorEileen Wilton
Independent non-Executive DirectorBoard of directors
B.Com, PG.DipEileen Wilton has more than 20 years’ experience across a range of industries - Financial Services, Mining and ICT. She currently serves on the Board of the IoDSA (Institute of Directors).
Thabang Magare
Independent Non-Executive DirectorThabang Magare
Independent Non-Executive DirectorBoard of directors
CA (SA)Thabang Magare was appointed as an independent non-executive director with effect from 19 December 2019. He is a qualified chartered accountant with 14 years' experience in the areas of audit and advisory within financial services. He served as a Partner in the Financial Services Unit at Deloitte between 2013 and 2019 and served as a director on the Board of the Association for the Advancement of Black Accountants in Southern Africa (ABASA).
Charissa de Jager
Group Company SecretaryCharissa de Jager
Group Company SecretaryExecutive committee
BProc, LLB (University of Johannesburg)Charissa is a corporate governance specialist and company secretary with a strong legal background. She has more than 15 years’ experience across various industries and international legal frameworks. Charissa joined the Group and was appointed to Exco in 2019.
Deon de Kock
Independent non-Executive DirectorDeon de Kock
Independent non-Executive DirectorBoard of directors
Deon is the recently retired Chair of Mercantile Bank. His most recent roles include CEO of Woolworths Financial Services and executive director of Woolworths Holdings, His general management skills and expertise in strategy development and implementation, together with his experience operating in a highly regulated environment will add much value to the Board. Deon attended executive programs at the University of Cape Town and Stanford University, California
Nontobeko Ndhlazi
Non-Executive DirectorNontobeko Ndhlazi
Non-Executive DirectorBoard of directors
BCom (Accounting) (University of Natal) and Post Graduate Diploma (Accounting) (University of Natal) CA (SA)Nontobeko has been the Group Chief Financial Officer of WIPHOLD since 2011, and brings significant financial expertise to the Board, including reporting, budgeting, cash management, tax management, risk management and strategic planning and forecasting. Before joining WIPHOLD, she was a director in Deloitte’s financial management consulting division.
Elisheva Gilbert
Head: Group Marketing and CommunicationsElisheva Gilbert
Head: Group Marketing and CommunicationsExecutive committee
Public Relations Diploma (Varsity College), PGDip (Advertising and Marketing) Red & Yellow School, GIBS Certified Professional Business CoachElisheva joined the Group in 2017 and was appointed to Group Exco in 2019.
Meagan Rabe
Head: Build the BankMeagan Rabe
Head: Build the BankExecutive committee
BCom LLB (University of Johannesburg), CFP (Nelson Mandela Metropolitan University), PGDip (Rhodes University)Meagan joined the Group in 2014 and spend until recently held the role of COO: Business Banking. In 2020, she joined Exco as Head: Build the Bank with a key focus on growth and transformational change through product development, innovation, private equity investments and M&A.
Roy Andersen
Independent Non-executive ChairmanRoy Andersen
Independent Non-executive ChairmanBoard of directors
CA(SA), Certified Public Accountant (Texas), Chartered Director (SA)Appointed 2011 Roy was previously Chairman of Ernst & Young, Executive President of the JSE, Chief Executive Officer of Liberty, Chairman of Sanlam and Murray & Roberts.
Grant Dunnington
Independent Non-executive DirectorGrant Dunnington
Independent Non-executive DirectorBoard of directors
BCom, Certified Associate of the Institute of BankersAppointed 2010, Grant is the Group Chief Executive Officer of SBV Services (Pty) Limited and holds various other directorships and trustee positions. Previously, Grant held various senior positions at FirstRand Bank Limited.
Gugu Dingaan
Non-Executive DirectorGugu Dingaan
Non-Executive DirectorBoard of directors
CA(SA)Appointed 2018. Gugu joined WIPHOLD in 2001 after completing her articles with PricewaterhouseCoopers (PWC) Financial Services Banking Audit Group. She has been involved in corporate finance where she’s worked on mergers and acquisitions, transaction structuring and valuations. She is a non-executive board member of a number of Wiphold Investee companies. She is a Chartered Accountant and has an Executive Development Program Certificate from Stellenbosch Business School.
Richard Buchholz
Independent Non-executive DirectorRichard Buchholz
Independent Non-executive DirectorBoard of directors
BCom (University of Cape Town), CA(SA)Appointed in 2018, Richard has 26 years experience in the financial services industry, mostly in banking, where he fulfilled senior roles in audit, commercial banking and risk management.
Shaun Rosenthal
Alternative Non-Executive DirectorShaun Rosenthal
Alternative Non-Executive DirectorBoard of directors
Shaun is the co-head of investments at WIPHOLD. He has more than 25 years experience in financial services as an executive in corporate finance, trade finance, private equity and investment banking as well as non-executive director on the boards of asset management, stockbroking and treasury management companies.
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsBoard of directors
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Roland Sassoon
Non-Executive DirectorRoland Sassoon
Non-Executive DirectorBoard of directors
FCISUntil his retirement in 2018 from Sasfin in an Executive capacity, Roland had, over 40 years led the transformation of what was a small family textile-trading business into Sasfin Holdings as we know it today. Prior to joining Sasfin, Roland had 10 years of experience in factoring, leasing, export, shipping, and confirming.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorBoard of directors
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsExecutive committee
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorExecutive committee
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Naseema Fakir
Head: Human CapitalNaseema Fakir
Head: Human CapitalExecutive committee
BCom (Honours) (UNISA), MBL (UNISA)Naseema has 24 years’ experience in the financial services industry. She joined Sasfin in 2001 as the Operations Manager, and was appointed Head of Human Capital in 2006. She is responsible for Group Human Resource and Payroll matters including recruitment, retention and reward, policies, procedures and practices.
Linda Fröhlich
Head: Asset FinanceLinda Fröhlich
Head: Asset FinanceExecutive committee
Diploma in Financial Management (Damelin)Linda has 27 years’ experience in the financial services industry. She joined Sasfin in 2002, and has held various positions within the organisation since her first role as Equipment Rentals Divisional General Manager. Linda was appointed Head of Business Banking in 2011, and is responsible for all business banking activities encompassing Transactional Banking, Equipment Rental Finance and Business Finance.
Maston Lane
Chief Operating Officer: Sasfin BankMaston Lane
Chief Operating Officer: Sasfin BankExecutive committee
SIRM (UK)Maston has 30 years’ experience in the financial services industry. He joined Sasfin in 2000 as Senior Advances Manager, and has since occupied the roles of Head of Credit, Head of Credit and Risk, Group COO, Group CRO and is currently the Chief Operating Officer and Alternate Director at Sasfin Bank.
Erol Zeki
Chief Executive Officer: Sasfin WealthErol Zeki
Chief Executive Officer: Sasfin WealthExecutive committee
CFA Charter Holder, BCom Hons (University of Pretoria), BCom (University of Pretoria), Registered member of the South African Institute of Stockbrokers (SAIS)Erol joined Sasfin in 2017 as Chief Executive Officer: Sasfin Wealth following Sasfin’s purchase of SIPP Investments. Erol was a founding shareholder and the CEO of SIPP. Prior to establishing SIPP, Erol was the CEO at FNB Securities (formerly BJM Private Client Services).
Francois Otto
Head: Sasfin CapitalFrancois Otto
Head: Sasfin CapitalExecutive committee
CA(SA), CFA, JSE APPROVED EXECUTIVEFrancois was with Nedbank for 10 years where he completed his financial management articles and worked in the Corporate Finance and Group Mergers and Acquisitions teams. He joined Sasfin as Head of Corporate Finance and Special Opportunities in 2015 and was promoted to managing executive of Sasfin Capital in 2018.
Andrew Josh Souchon
Chief Information OfficerAndrew Josh Souchon
Chief Information OfficerExecutive committee
BEng Honours (Imperial College, University of London, UK)Josh is an IT Strategy and Business Advisory professional, with over 18 years’ experience developing and managing IT in Financial Services, Commodities/Trading and Mining arenas. He joined Sasfin in 2016 as the Chief Information Officer and is responsible for all Information Technology at Sasfin.
Howard Brown
Head: Group LegalHoward Brown
Head: Group LegalExecutive committee
BA (Wits), LLB (Wits), Hdip Corporate Law (UNISA)Howard joined Sasfin and was appointed to the executive committee in 2006. He fulfills the role of Head of Legal and is an admitted attorney having practiced as such prior to joining Sasfin. He is responsible for all legal functions within the Group.
Stewart Tomlinson
Chief Risk OfficerStewart Tomlinson
Chief Risk OfficerExecutive committee
BCom (Wits), Hons BCompt (Unisa), CA (SA)Stewart was appointed Chief Risk Officer for Sasfin in 2018. He has 17 years’ experience in the financial services industry, including three years as a Chief Risk Officer at an international bank, and also has extensive credit experience.
Michael Blackbeard
Head: ComplianceMichael Blackbeard
Head: ComplianceExecutive committee
B.Iur LLB LLM (University of Pretoria) Senior Executive Programme (Wits & Harvard University)Michael worked for the South African Reserve Bank for close on 30 years where he fulfilled many functions including Deputy Registrar of Banks: Regulations and Support for a number of years and the Registrar of Banks for a short period. Michael joined Sasfin as the Head of Compliance in 2018.
Magda Oosthuysen
Head: CreditMagda Oosthuysen
Head: CreditExecutive committee
B.Com (Hons) Accounting, CA (SA), H Dip Tax LawMagda has over 24 years’ experience in the financial services industry having spent 7 years with Absa Corporate and Merchant Bank and 17 years with Nedbank Corporate and Investment Banking. She occupied various roles over this period, including roles in credit, compliance and business. Magda joined Sasfin in 2017 as Head of Credit and is responsible for the overall credit risk of Sasfin group.
Richard Warren-Tangney
Chief Audit ExecutiveRichard Warren-Tangney
Chief Audit ExecutiveExecutive committee
B Com (Hons) (Accounting) (Wits), Registered Auditor (RA), CA(SA)Richard joined Sasfin in 2018 as Chief Audit Executive, after providing internal audit services to South Africa’s biggest bank by assets for a number of years with a focus on Human Capital, Operational Risk and Combined Assurance. Before that he spent 18 years at KPMG in a number of roles, including external audit, IT audit, and as audit partner focused on the external audit of retail and business banks.
Dhesegan Govender
Head: Group Treasury and DCMDhesegan Govender
Head: Group Treasury and DCMExecutive committee
CA(SA), JSE Approved Executive, SAIFM MemberDhesegan is an experienced Group Treasurer within the financial services sector. He has extensive experience in fixed income, equity valuations, capital raising, securitisation and structured finance. He joined Sasfin and was appointed to Exco in 2018. His areas of responsibility at Sasfin include Domestic Treasury, Group Funding and Debt Capital Markets.
Mark Thompson
Independent Non-executive DirectorMark Thompson
Independent Non-executive DirectorBoard of directors
(B.Com LLB) Lawyer and a Chartered Accountant (B Acc CA (SA)Mark was formerly Chief Financial Officer and Executive Director of Sappi Limited – retiring in 2012. Before joining Sappi he was Group Treasurer of Anglo American. He is both a qualified lawyer (B.Com LLB) and a Chartered Accountant (B Acc CA (SA).
Eileen Wilton
Independent non-Executive DirectorEileen Wilton
Independent non-Executive DirectorBoard of directors
B.Com, PG.DipEileen Wilton has more than 20 years’ experience across a range of industries - Financial Services, Mining and ICT. She currently serves on the Board of the IoDSA (Institute of Directors).
Thabang Magare
Independent Non-Executive DirectorThabang Magare
Independent Non-Executive DirectorBoard of directors
CA (SA)Thabang Magare was appointed as an independent non-executive director with effect from 19 December 2019. He is a qualified chartered accountant with 14 years' experience in the areas of audit and advisory within financial services. He served as a Partner in the Financial Services Unit at Deloitte between 2013 and 2019 and served as a director on the Board of the Association for the Advancement of Black Accountants in Southern Africa (ABASA).
Charissa de Jager
Group Company SecretaryCharissa de Jager
Group Company SecretaryExecutive committee
BProc, LLB (University of Johannesburg)Charissa is a corporate governance specialist and company secretary with a strong legal background. She has more than 15 years’ experience across various industries and international legal frameworks. Charissa joined the Group and was appointed to Exco in 2019.
Deon de Kock
Independent non-Executive DirectorDeon de Kock
Independent non-Executive DirectorBoard of directors
Deon is the recently retired Chair of Mercantile Bank. His most recent roles include CEO of Woolworths Financial Services and executive director of Woolworths Holdings, His general management skills and expertise in strategy development and implementation, together with his experience operating in a highly regulated environment will add much value to the Board. Deon attended executive programs at the University of Cape Town and Stanford University, California
Nontobeko Ndhlazi
Non-Executive DirectorNontobeko Ndhlazi
Non-Executive DirectorBoard of directors
BCom (Accounting) (University of Natal) and Post Graduate Diploma (Accounting) (University of Natal) CA (SA)Nontobeko has been the Group Chief Financial Officer of WIPHOLD since 2011, and brings significant financial expertise to the Board, including reporting, budgeting, cash management, tax management, risk management and strategic planning and forecasting. Before joining WIPHOLD, she was a director in Deloitte’s financial management consulting division.
Elisheva Gilbert
Head: Group Marketing and CommunicationsElisheva Gilbert
Head: Group Marketing and CommunicationsExecutive committee
Public Relations Diploma (Varsity College), PGDip (Advertising and Marketing) Red & Yellow School, GIBS Certified Professional Business CoachElisheva joined the Group in 2017 and was appointed to Group Exco in 2019.
Meagan Rabe
Head: Build the BankMeagan Rabe
Head: Build the BankExecutive committee
BCom LLB (University of Johannesburg), CFP (Nelson Mandela Metropolitan University), PGDip (Rhodes University)Meagan joined the Group in 2014 and spend until recently held the role of COO: Business Banking. In 2020, she joined Exco as Head: Build the Bank with a key focus on growth and transformational change through product development, innovation, private equity investments and M&A.
Roy Andersen
Independent Non-executive ChairmanRoy Andersen
Independent Non-executive ChairmanBoard of directors
CA(SA), Certified Public Accountant (Texas), Chartered Director (SA)Appointed 2011 Roy was previously Chairman of Ernst & Young, Executive President of the JSE, Chief Executive Officer of Liberty, Chairman of Sanlam and Murray & Roberts.
Grant Dunnington
Independent Non-executive DirectorGrant Dunnington
Independent Non-executive DirectorBoard of directors
BCom, Certified Associate of the Institute of BankersAppointed 2010, Grant is the Group Chief Executive Officer of SBV Services (Pty) Limited and holds various other directorships and trustee positions. Previously, Grant held various senior positions at FirstRand Bank Limited.
Gugu Dingaan
Non-Executive DirectorGugu Dingaan
Non-Executive DirectorBoard of directors
CA(SA)Appointed 2018. Gugu joined WIPHOLD in 2001 after completing her articles with PricewaterhouseCoopers (PWC) Financial Services Banking Audit Group. She has been involved in corporate finance where she’s worked on mergers and acquisitions, transaction structuring and valuations. She is a non-executive board member of a number of Wiphold Investee companies. She is a Chartered Accountant and has an Executive Development Program Certificate from Stellenbosch Business School.
Richard Buchholz
Independent Non-executive DirectorRichard Buchholz
Independent Non-executive DirectorBoard of directors
BCom (University of Cape Town), CA(SA)Appointed in 2018, Richard has 26 years experience in the financial services industry, mostly in banking, where he fulfilled senior roles in audit, commercial banking and risk management.
Shaun Rosenthal
Alternative Non-Executive DirectorShaun Rosenthal
Alternative Non-Executive DirectorBoard of directors
Shaun is the co-head of investments at WIPHOLD. He has more than 25 years experience in financial services as an executive in corporate finance, trade finance, private equity and investment banking as well as non-executive director on the boards of asset management, stockbroking and treasury management companies.
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsBoard of directors
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Roland Sassoon
Non-Executive DirectorRoland Sassoon
Non-Executive DirectorBoard of directors
FCISUntil his retirement in 2018 from Sasfin in an Executive capacity, Roland had, over 40 years led the transformation of what was a small family textile-trading business into Sasfin Holdings as we know it today. Prior to joining Sasfin, Roland had 10 years of experience in factoring, leasing, export, shipping, and confirming.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorBoard of directors
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Michael Sassoon
Chief Executive Officer: Sasfin HoldingsMichael Sassoon
Chief Executive Officer: Sasfin HoldingsExecutive committee
BCompt (UNISA), MBA (University of Rochester)(USA)Michael is the Group Chief Executive Officer of Sasfin Holdings and has assumed responsibility for many areas of the Group including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2014. Michael was appointed as an Executive Director of Sasfin Bank in 2015 and has been a member of the Sasfin board since 2013.
Angela Pillay
Group and Bank Financial DirectorAngela Pillay
Group and Bank Financial DirectorExecutive committee
CA (SA), MA (Financial Services)Angela has 15 years of banking experience in designing, leading and implementing a broad range of initiatives to support business strategy. She joined Sasfin in 2018 as Financial Director for Sasfin Holdings from Liberty Financial Services (LibFin) where she held the position of Chief Financial Officer (CFO).
Naseema Fakir
Head: Human CapitalNaseema Fakir
Head: Human CapitalExecutive committee
BCom (Honours) (UNISA), MBL (UNISA)Naseema has 24 years’ experience in the financial services industry. She joined Sasfin in 2001 as the Operations Manager, and was appointed Head of Human Capital in 2006. She is responsible for Group Human Resource and Payroll matters including recruitment, retention and reward, policies, procedures and practices.
Linda Fröhlich
Head: Asset FinanceLinda Fröhlich
Head: Asset FinanceExecutive committee
Diploma in Financial Management (Damelin)Linda has 27 years’ experience in the financial services industry. She joined Sasfin in 2002, and has held various positions within the organisation since her first role as Equipment Rentals Divisional General Manager. Linda was appointed Head of Business Banking in 2011, and is responsible for all business banking activities encompassing Transactional Banking, Equipment Rental Finance and Business Finance.
Maston Lane
Chief Operating Officer: Sasfin BankMaston Lane
Chief Operating Officer: Sasfin BankExecutive committee
SIRM (UK)Maston has 30 years’ experience in the financial services industry. He joined Sasfin in 2000 as Senior Advances Manager, and has since occupied the roles of Head of Credit, Head of Credit and Risk, Group COO, Group CRO and is currently the Chief Operating Officer and Alternate Director at Sasfin Bank.
Erol Zeki
Chief Executive Officer: Sasfin WealthErol Zeki
Chief Executive Officer: Sasfin WealthExecutive committee
CFA Charter Holder, BCom Hons (University of Pretoria), BCom (University of Pretoria), Registered member of the South African Institute of Stockbrokers (SAIS)Erol joined Sasfin in 2017 as Chief Executive Officer: Sasfin Wealth following Sasfin’s purchase of SIPP Investments. Erol was a founding shareholder and the CEO of SIPP. Prior to establishing SIPP, Erol was the CEO at FNB Securities (formerly BJM Private Client Services).
Francois Otto
Head: Sasfin CapitalFrancois Otto
Head: Sasfin CapitalExecutive committee
CA(SA), CFA, JSE APPROVED EXECUTIVEFrancois was with Nedbank for 10 years where he completed his financial management articles and worked in the Corporate Finance and Group Mergers and Acquisitions teams. He joined Sasfin as Head of Corporate Finance and Special Opportunities in 2015 and was promoted to managing executive of Sasfin Capital in 2018.
Andrew Josh Souchon
Chief Information OfficerAndrew Josh Souchon
Chief Information OfficerExecutive committee
BEng Honours (Imperial College, University of London, UK)Josh is an IT Strategy and Business Advisory professional, with over 18 years’ experience developing and managing IT in Financial Services, Commodities/Trading and Mining arenas. He joined Sasfin in 2016 as the Chief Information Officer and is responsible for all Information Technology at Sasfin.
Howard Brown
Head: Group LegalHoward Brown
Head: Group LegalExecutive committee
BA (Wits), LLB (Wits), Hdip Corporate Law (UNISA)Howard joined Sasfin and was appointed to the executive committee in 2006. He fulfills the role of Head of Legal and is an admitted attorney having practiced as such prior to joining Sasfin. He is responsible for all legal functions within the Group.
Stewart Tomlinson
Chief Risk OfficerStewart Tomlinson
Chief Risk OfficerExecutive committee
BCom (Wits), Hons BCompt (Unisa), CA (SA)Stewart was appointed Chief Risk Officer for Sasfin in 2018. He has 17 years’ experience in the financial services industry, including three years as a Chief Risk Officer at an international bank, and also has extensive credit experience.
Michael Blackbeard
Head: ComplianceMichael Blackbeard
Head: ComplianceExecutive committee
B.Iur LLB LLM (University of Pretoria) Senior Executive Programme (Wits & Harvard University)Michael worked for the South African Reserve Bank for close on 30 years where he fulfilled many functions including Deputy Registrar of Banks: Regulations and Support for a number of years and the Registrar of Banks for a short period. Michael joined Sasfin as the Head of Compliance in 2018.
Magda Oosthuysen
Head: CreditMagda Oosthuysen
Head: CreditExecutive committee
B.Com (Hons) Accounting, CA (SA), H Dip Tax LawMagda has over 24 years’ experience in the financial services industry having spent 7 years with Absa Corporate and Merchant Bank and 17 years with Nedbank Corporate and Investment Banking. She occupied various roles over this period, including roles in credit, compliance and business. Magda joined Sasfin in 2017 as Head of Credit and is responsible for the overall credit risk of Sasfin group.
Richard Warren-Tangney
Chief Audit ExecutiveRichard Warren-Tangney
Chief Audit ExecutiveExecutive committee
B Com (Hons) (Accounting) (Wits), Registered Auditor (RA), CA(SA)Richard joined Sasfin in 2018 as Chief Audit Executive, after providing internal audit services to South Africa’s biggest bank by assets for a number of years with a focus on Human Capital, Operational Risk and Combined Assurance. Before that he spent 18 years at KPMG in a number of roles, including external audit, IT audit, and as audit partner focused on the external audit of retail and business banks.
Dhesegan Govender
Head: Group Treasury and DCMDhesegan Govender
Head: Group Treasury and DCMExecutive committee
CA(SA), JSE Approved Executive, SAIFM MemberDhesegan is an experienced Group Treasurer within the financial services sector. He has extensive experience in fixed income, equity valuations, capital raising, securitisation and structured finance. He joined Sasfin and was appointed to Exco in 2018. His areas of responsibility at Sasfin include Domestic Treasury, Group Funding and Debt Capital Markets.
Mark Thompson
Independent Non-executive DirectorMark Thompson
Independent Non-executive DirectorBoard of directors
(B.Com LLB) Lawyer and a Chartered Accountant (B Acc CA (SA)Mark was formerly Chief Financial Officer and Executive Director of Sappi Limited – retiring in 2012. Before joining Sappi he was Group Treasurer of Anglo American. He is both a qualified lawyer (B.Com LLB) and a Chartered Accountant (B Acc CA (SA).
Eileen Wilton
Independent non-Executive DirectorEileen Wilton
Independent non-Executive DirectorBoard of directors
B.Com, PG.DipEileen Wilton has more than 20 years’ experience across a range of industries - Financial Services, Mining and ICT. She currently serves on the Board of the IoDSA (Institute of Directors).
Thabang Magare
Independent Non-Executive DirectorThabang Magare
Independent Non-Executive DirectorBoard of directors
CA (SA)Thabang Magare was appointed as an independent non-executive director with effect from 19 December 2019. He is a qualified chartered accountant with 14 years' experience in the areas of audit and advisory within financial services. He served as a Partner in the Financial Services Unit at Deloitte between 2013 and 2019 and served as a director on the Board of the Association for the Advancement of Black Accountants in Southern Africa (ABASA).
Charissa de Jager
Group Company SecretaryCharissa de Jager
Group Company SecretaryExecutive committee
BProc, LLB (University of Johannesburg)Charissa is a corporate governance specialist and company secretary with a strong legal background. She has more than 15 years’ experience across various industries and international legal frameworks. Charissa joined the Group and was appointed to Exco in 2019.
Deon de Kock
Independent non-Executive DirectorDeon de Kock
Independent non-Executive DirectorBoard of directors
Deon is the recently retired Chair of Mercantile Bank. His most recent roles include CEO of Woolworths Financial Services and executive director of Woolworths Holdings, His general management skills and expertise in strategy development and implementation, together with his experience operating in a highly regulated environment will add much value to the Board. Deon attended executive programs at the University of Cape Town and Stanford University, California
Nontobeko Ndhlazi
Non-Executive DirectorNontobeko Ndhlazi
Non-Executive DirectorBoard of directors
BCom (Accounting) (University of Natal) and Post Graduate Diploma (Accounting) (University of Natal) CA (SA)Nontobeko has been the Group Chief Financial Officer of WIPHOLD since 2011, and brings significant financial expertise to the Board, including reporting, budgeting, cash management, tax management, risk management and strategic planning and forecasting. Before joining WIPHOLD, she was a director in Deloitte’s financial management consulting division.
Elisheva Gilbert
Head: Group Marketing and CommunicationsElisheva Gilbert
Head: Group Marketing and CommunicationsExecutive committee
Public Relations Diploma (Varsity College), PGDip (Advertising and Marketing) Red & Yellow School, GIBS Certified Professional Business CoachElisheva joined the Group in 2017 and was appointed to Group Exco in 2019.
Meagan Rabe
Head: Build the BankMeagan Rabe
Head: Build the BankExecutive committee
BCom LLB (University of Johannesburg), CFP (Nelson Mandela Metropolitan University), PGDip (Rhodes University)Meagan joined the Group in 2014 and spend until recently held the role of COO: Business Banking. In 2020, she joined Exco as Head: Build the Bank with a key focus on growth and transformational change through product development, innovation, private equity investments and M&A.