Strate is owned by the JSE Ltd (44.547%), the four major South African Banks [Absa Bank Ltd (12.679%), FirstRand Bank Ltd (12.679%), Nedbank Ltd (14.996%),The Standard Bank of South Africa Ltd (14.996%)] and Citibank, N.A. (0.103%).
The roles of the CEO and Chairman are separate and clearly defined to ensure that there is a balance of authority and power, where no individual director has an unrestricted decision-making authority.
Committees of the Board
Strate’s Board has four permanent committees to assist in the execution of its responsibilities. These committees are:
- The Audit, Risk and Compliance Committee;
- The Participant Failure Committee;
- The Regulatory and Supervisory Committee; and
- The Remuneration and Nominations Commitee;
Strate's Board of Directors is as follows:
RJG Barrow (Chairman),
MJ Singer Saul (CEO),