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Shareholders The shareholders of Strate are:
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King Report on Corporate Governance We apply the King III principles of Corporate Governance. To view a table of the application of these principles, click here: The company is performing an evaluation against the King IV Principles. |
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Board and Committees The Board has six permanent committees to assist in the execution of its responsibilities, as follows: • Audit and Risk Committee |
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Our Board & Shareholders
The Board is responsible for ensuring that the company adheres to sound corporate governance principles and it is accountable to its shareholders, while also considering the interests of other stakeholders.
Strate’s Board of Directors is as follows:
Click on the images below to find out more about the individual member
NG Payne
Mr NG Payne (56)
BCom (Hons), CA(SA), MBL (Unisa)
Independent non-executive Chairman
15 years in service
Committees
- Audit and Risk Committee
- Regulatory and Supervisory Committee
- Remuneration and Nominations Committee.
Nigel has significant amount of experience in financial markets as well as in audit and risk management. He is a career non-executive chairman who serves on a number of boards including Mr Price Group Limited, JSE Limited, Bid Corporation Limited and Vukile Property Fund Limited.
C Bruyns*
Mr C Bruyns* (40)
CA (SA) (University of Pretoria)
Non-executive director
9 months in service
Committees
- None
Charl is with Standard Bank Group for 11 years, working in the investment management and banking business. At the investment management business, he was Head of the quantitative analytics team and headed the fund valuations team. During his career at Standard Bank he fulfilled the role of Chief Financial Officer (CFO) of the Corporate and Investment Bank business in Africa, CFO and Chief Operating Officer (COO) for the Transactional Products and Services business, and Treasurer for the African business.
CHM Edwards*
Mr CHM Edwards* (41)
BSocSci Philosophy, PGDip Management (UCT)
Non-executive director
9 months in service (since 2014 held positions of either director or alternate director)
Committees
- Audit and Risk Committee
Chris joined Absa in March 2010 where he is a Managing Principal and Head of the Prime Services and Passive Funds businesses. Prior to joining Absa, Chris spent 11 years with Morgan Stanley, based in London and then Hong Kong. During this time, he held a variety of positions, including responsibility for the distribution within the Prime Brokerage & Listed Derivatives businesses. Chris is a Director of Absa Stockbrokers.
K Getz
Mr K Getz (61)
B Proc, LLM (UCT)
Lead Independent non-executive director
3 years in service
Committees
- Regulatory and Supervisory Committee
- Social and Ethics Committee*
Keith is an experienced lawyer in the following areas, among others: takeovers and mergers, private equity, corporate restructuring, black economic empowerment transactions, exchange control regulations, commercial law contracts, regulatory compliance, stock exchange listings and generally advising corporate clients nationally and internationally on corporate and commercial matters. Directorships include Mr Price Group Limited and Spur Corporation Limited.
A Greenwood
Dr A Greenwood (45)
BSc (Mathematics, Chemistry), PhD (Chemistry) (UCT)
4 months in service
Non-executive director
Committees
- None
Alicia is currently director of Post Trade Services at JSE Limited. She has experience in strategy, risk and capital management through various roles at Standard Bank, Discovery Accenture and AECI.
A Maharaj
Ms A Maharaj (40)
CA (SA) (University of Natal)
Executive director
10 months in service
Committees
- Audit and Risk Committee
- Remuneration and Nominations Committee
- Social and Ethics Committee
Ashnee Maharaj is a Chartered Accountant (SA) and a Fellow of the Institute of Directors. She has been appointed the CFO and Executive Director of Strate (Pty) Ltd, since 2016. Ashnee has extensive experience in the financial, investment and banking sectors across a broad spectrum of areas including finance, internal audit, insurance, consulting, derivatives and structured finance. Ashnee has filled executive positions for the past 10 years. Ashnee obtained academic qualifications at the University of Natal – Durban KZN (BCom Honours in Accounting –Dean’s Commendation) and the RAU (Diploma in Auditing – Cum Laude) .
E Masilela
Mr E Masilela (53)
BA Social Science (Swaziland), MSc Economic Policy & Analysis (Addis Ababa), Professional Certificates (Harvard)
Non-executive director
2 months in service
Committees
- Regulatory and Supervisory Committee
Elias has extensive experience across a number of industries. He previously held positions as the CEO of the PIC, Head of Policy Analysis at Sanlam, Act. Dep. Director General Economic Policy in the National Treasury, Director of Research, Central Bank of Swaziland.
He currently serves as the Commissioner of the 1st & 2nd National Planning Commission, he is the Chairman of the V&A Waterfront, Absa Asset Management, Capital Harvest and Economic Research Southern Africa and serves as a member of the boards of Multichoice SA, Alternative Prosperity Holdings, Future Planet Capital in London, Avior Capital Markets, Strate and Absa Financial Services. He was also a member of the Boards of the South African Reserve Bank, the Government Employee Pension Fund, the Airports Company SA, as well as the UN Global Compact Board & Chairman of the (UNGC) SA Local Network.
D Naidoo
Ms D Naidoo (44)
MCom (Tax), CA(SA) (University of Natal - Durban)
Independent non-executive director
6 years in service
Committees
- Audit and Risk Committee*
- Participant Failure Committee
- Urgent Issues Committee
Daisy spent nine years with Santam Capital Markets and currently serves as an independent non-executive director on the boards of, among others, Anglo American Platinum, Barclays Africa Group Limited, Mr Price Group Limited, Hudaco Industries and Omnia Holdings. She is a member of the Tax Court of South Africa and a trustee of the Discovery Medical Aid Scheme. She also provides risk advisory services and serves on investment and credit committees of funds.
RSM Ndlovu
Mr RSM Ndlovu (50)
BBusStudies (Hons) (University of Zimbabwe)
Independent non-executive director
9 years in service
Committees
- Remuneration and Nominations Committee.
Raymond has extensive senior management and entrepreneurial experience in various sectors in the financial services industry, encompassing investment banking, asset management and stockbroking, since 1988. He was previously with Prodigy Asset Management, Metropolitan and Standard Chartered Merchant Bank. He co-founded and was CEO of an institutional stockbroking firm, Noah Capital Markets, for 10 years until July 2011. He is currently an Investment Executive at Remgro Limited and serves on the boards of various portfolio companies.
NF Newton-King
Ms NF Newton - King (50)
BA, LLB (Stellenbosch), LLM (Cambridge)
Non-executive director
5 years in Service with a broken period within a year
(Resigned in Sept 2016 but re appointed in November 2016)
Committees
- None
Nicky is CEO of JSE Limited and World Economic Forum (WEF) Global Leader of Tomorrow. She was awarded SA Businesswoman of the year in 2003 and is a member of the Board of the World Federation of Exchanges (WFE). Nicky spent five months at Yale University as a young global leader.
RD Proudfoot
Mr RD Proudfoot (56)
B. Com (Wits), B Acc (Wits), CA(SA)
Non-executive director
4 years in service
Committees
- None
Ryan has extensive experience in all financial markets and products with specific expertise in trade execution, securities lending, futures clearing, prime broking, custody, market risk management, credit counterparty risk and regulatory requirements (including Basel III).
He has served as a Director on a number of boards including RMB Stockbroking Operations (Pty) Limited and SAFCOM (Pty) Limited.
Prior and current management board or memberships include the South African Institute of Stockbrokers, SAFCOM Derivatives Risk Committee, JSE Currency Derivatives Advisory Committee, ASISA’s Hedge Funds Standing Committee and JSE Bonds Advisory Committee.
M Ramplin
Ms M Ramplin (42)
Financial Derivatives & Regulations, Securities Institute Certificate (UK)
Independent non-executive director
6 years in service
Committees
- Audit, Risk and Compliance Committee
- Regulatory and Supervisory Committee
Marilyn has international experience as a trader and investment banker, with expertise in, among others, over the counter derivatives, collateral management, risk management, credit counterparty risk, collective investments and hedge funds. She is the founder of the Hedge Fund Academy in South Africa, serves as an independent non-executive member of the JSE Clear Risk Committee and is independent executive director of several companies including RMB CIS Manco, Ashburton, Investment Solutions and JSE Clear. Marilyn has risk, regulatory and derivatives qualifications and obtained certificates from the Gordon Institute of Business Science (GIBS) in Board Leadership and Corporate Strategy.
MJ Stocks
Mr MJ Stocks (50)
B. Com (University of Natal-Durban)
Non-executive director
8 months in service as director (since 2008 held positions of either Director or Alternate Director)
Committees
- Remuneration and Nominations Committee*
- Regulatory and Supervisory Committee
Murray has been with Nedbank since 1991 with wide securities and banking experience. He provides great input as the settlement/CSDP Participant expert. He has experience across a broad spectrum of areas including treasury, corporate and international Banking, Society for Worldwide Interbank Financial Telecommunication (SWIFT), programme management, customer electronic banking, credit card processing, cash and cheque operations, global trade and securities custodial services.
SPM Yates
Mr SPM Yates (67)
BSc (Hons) Computer Science (Edinburgh, Scotland), Fellow (South African Institute of Financial Markets)
Non-executive director
2 months in Service
Committees
- Social and Ethics Committee
- Regulatory and Supervisory Committee
Stuart joined the financial markets via a firm of stockbrokers in 1979 and specialised in bond trading. He joined Finansbank in 1984 and added options trading to his skill set. He became the Banking Association's member on the Bond Market Association, and then a member of the design team for SAFEX. He then moved to Rand Merchant Bank in 1992, where he developed a treasury outsourcing business, headed HR during the FNB merger and was their representative on the board of Strate for 6 years. He retired from RMB in 2009. He is currently an independent non-executive director on a number of boards.
