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Changes to the board of directors


(Incorporated in the Republic Of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
(“Sasfin” or “the Company” or “the Group”)

Changes to the board of directors
In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Sasfin is pleased to advise that with effect from 9 October 2013, the following executives have been appointed as alternate executive directors of the Company and its subsidiary, Sasfin Bank Limited:

  • Linda Fröhlich (General Manager, Business Banking)(44) Linda holds a Diploma in Financial Management from Damelin. She is responsible for all Business Banking activities, which encompass equipment rental finance and business finance.
  • Maston Lane (Group Chief Operating Officer)(47) Maston holds a National Certificate from the United Institute of Credit Management. He is the executive responsible for credit management, risk management, IT, human resources and facilities management within the Group
  • Michael Sassoon(Chief Executive Officer of Sasfin Securities (Pty) Limited and Head of Wealth Management)(31) Michael holds a BCom (Accounting Science) degree from the University of South Africa and an MBA from University of Rochester, United States of America. He is responsible for the Group’s wealth Management division.

Sasfin welcomes Mrs Fröhlich, Mr Lane and Mr Sassoon to the Board and look forward to their input and expertise going forward.

9 October 2013

Lead Sponsor

Joint Sponsor
(a division of Sasfin Bank Limited)