NVFH 2020 Integrated Annual Report

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CHRIS GRANT LEMMON (41)EXECUTIVE DIRECTORPositionExecutive Director (Managing Director ofNVest Securities (Pty) Limited)Appointment date 1 March 2018Qualifications:- B.Com (University of Natal), 2000- MBA (University of Natal), 2006- RPE Equities- South African Institute of Stockbrokers Board Member- Authorised Settlement Officer- Authorised Compliance OfficerChris re-joined the NVest Group on 1 November 2016 as Managing Director of NVest Securities (Pty) Limited based in Gauteng,having previously fulfilled the roles of Director – Sasfin Securities and Head of Private Clients and Asset Management. Chris hasbeen instrumental in establishing the new NVest Securities office in Johannesburg and in instilling best practice, rigour andprocess to securities portfolio construction. Chris has 12 years of experience in managing private client equity portfolios. Chriswas appointed to the Board with effect from 1 March 2018.BRENDAN JOSEPH CONNELLAN (45)EXECUTIVE DIRECTORPositionNon-Executive Director (Group ChiefOperations and Compliance Officer)Appointment date 20 August 2018Qualifications:- Bachelor of Commerce (Rhodes University, 1997)- Postgraduate Diploma in Financial Planning (UFS, 2000)- Advanced Postgraduate Diploma in FinancialPlanning (UFS, 2002)- International Capital Markets Qualification (SAIFM -Registered Persons Examination, 2001)- Certificate in Compliance Management (UCT, 2006)- JSE Compliance Officers Exam (SAIFM, 2008)Brendan started his career with NFB Private Wealth Management, now a subsidiary of the NVest Financial Holdings Group,and has over 20 years of experience in the Financial Services industry. During Brendan’s career he has served the Groupin various key roles including as Group Chief Operating Officer, the Head of Compliance and Group Company Secretary.Brendan is also the Group’s designated Anti-Money Laundering Officer and Head of the Employment Equity Committeeand sits on the Boards of several subsidiary companies within the Group. Brendan is also the Chairperson of an EasternCape based NGO that specialises in Early Childhood Development.Brendan was appointed to the Board with effect from 20 August 2018. Brendan continues to perform various services tothe Group, but on an outsourced basis.JONATHAN GOLDBERG (58)INDEPENDENT NON- EXECUTIVE CHAIRMANPositionIndependent Non-Executive ChairmanAppointment date 1 April 2015Occupation Chief Executive Officer- Global Business SolutionsQualifications:- B.Comm (NMMU), 1983- LLB (NMMU), 1986- Honours in Business Administration cum laude(University of Stellenbosch), 1988- MBA cum laude (University of Stellenbosch), 1989- Institute of Directors of South Africa – Chartered Director- Numerous managerial & self-study courses - 1989 – 2014- Board Director for several companies.Jonathan is the CEO of Global Business Solutions, a leading national Labour Law, B-BBEE and EE consultancy. He is a formeraccredited commissioner of the Commission for Conciliation, Mediation and Arbitration (CCMA), an IMSEC Arbitration andMediation panellist, a BUSA representative at NEDLAC and a member of the Tokiso dispute settlement panel. Jonathan, and hisassociate companies, have numerous investments in diverse businesses and he serves on the board of numerous companies.Jonathan is a leader and developer of the Wits Business School’s executive development programme in B-BBEE. Over hiscareer, Jonathan has edited four books, has compiled many publications, delivered several presentations and seminars andadvises business and government on a range of different business related subject matters.Jonathan holds several key positions as an Employment Conditions Commissioner, Chief Operating Officer of the Confederationof Associations in the Private Employment Sector (CAPES), member of the Employment Services Board, and as a BUSArepresentative at NEDLAC focussing on labour law amendments, including a-typical employment.Jonathan continues to be actively involved in businesses as a strategic advisor in numerous fields.Jonathan is the chairperson of two large South African organisations, one of which is listed on the Johannesburg StockExchange. He is a Certified Chartered Director of the Institute of Directors and is a sought-after advisor, speaker and lecturer.18NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020
DR LANA JOY WELDON (46)INDEPENDENT NON-EXECUTIVE DIRECTORPositionIndependent Non-Executive Director andChairperson of the Group Audit and RiskCommitteeAppointment date September 2016Occupation Senior lecturer – Faculty of Business atSheridan Institute of Higher LearningQualifications:- Bachelor of Commerce (Accounting), (RhodesUniversity), 1995- B Compt Honours (UNISA) 1996- Chartered Accountant (Member of the South AfricanInstitute of Chartered Accountants), 1997- Registered Auditor (Independent Regulatory Boardfor Auditors), 1997- 21 years lecturing experience at tertiary level- MBA (Edinburgh Business School, Heriot WattUniversity), 2004- PhD Commerce (Nelson Mandela University)- Chartered Director (South Africa)- GAICD (Australian Institute of Chartered Directors)Lana is a senior lecturer in Accounting and Finance, serves on a number of boards ranging from charitable institutions to listedentities in an independent non-executive capacity and runs a small consultancy to keep abreast of practical developmentswithin her profession.Lana has had extensive involvement in the accounting profession as a training officer and audit partner, and in the educationfield as a post graduate lecturer and corporate facilitator and presenter. She has widespread experience in audit qualityassurance reviews and is the Past President of the South African Association for Accounting Academics. She is also a pastCouncil member of the International Association for Accounting Education and Research and chairs the NVest FinancialHoldings Limited Audit and Risk Committee.LUSANDA MANGXAMBA (45)INDEPENDENT NON-EXECUTIVE DIRECTORPositionIndependent Non-Executive Director andmember of the Audit and Riskand Remuneration and NominationsCommitteesAppointment date 28 February 2019Occupation Founder and director of a businessAdvisory Consultancy CompanyQualifications:- Bachelor of Commerce, (Rhodes University), 1997- Honours in Economics, (Rhodes University), 1998- Masters in Business Administration, (University of CapeTown), 2007- Certificate in Social Entrepreneurship, (OxfordUniversity), 2015Lusanda has a wealth of business experience having worked in South Africa and London and across various industriesduring her 21 year career to date. Over the past approximately 12 years, she was an internal consultant at Investec Bank,dealing with high net worth individuals. She then pursued a career as a management consultant and attained specialistskills in the development of SME’s and enterprise and supplier development programmes of large corporates. She alsospent 3 years consulting to the mining industry, with a key focus on strategy, stakeholder management and businessanalysis. Lusanda is the founder and director of a business Advisory Consultancy Company specialising in SME’s and BEEand is currently contracted to the Waste Bureau.DYLAN SCHEMEL (37)NON-EXECUTIVE DIRECTORPositionNon-Executive DirectorAppointment date 1 June 2015Occupation Financial Director (Spargs Group)Qualifications:- Bachelor of Accounting (Rhodes University) 2005- Chartered Accountant (member of the South AfricanInstitute of Chartered Accountants)Dylan is the Financial Director of the Spargs Group of companies specialising in the retail and property sector in the EasternCape. He started his career with First National Bank in December 2000 during his studies. In 2006 Dylan joined OHS CharteredAccountants where he trained and qualified as a Chartered Accountant before joining the Spargs Group in 2011.NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 19
Page 5 and 6: GroupAwards2019 Morningstar Award-
Page 7 and 8: Contents06 Chairman’s Report08 Ch
Page 9 and 10: 01ABOUTNVESTHOLDINGSNVest Financial
Page 11 and 12: As a consequence of all of these th
Page 13 and 14: those of the previous year and, sec
Page 15 and 16: SubsidiaryFeb 2020RevenueFeb 2019Re
Page 17 and 18: worldwide, resulting in an economic
Page 19 and 20: REVENUE - FEB 2020REVENUE (R)Invest
Page 21: ANTHONY DENIS GODWIN (60)CHIEF EXEC
Page 25 and 26: Siviwe Relebohile Kwatsha (41)Group
Page 27 and 28: Name:Rob MastersLocation:NFB PWM EL
Page 29 and 30: Name:Melany AnnandaleLocation:NFB I
Page 31 and 32: 02GROUPAFFAIRSNVest Financial Holdi
Page 33 and 34: 199019941995Beyond our borders. NFB
Page 35 and 36: Our BusinessSummaryBrand Core Produ
Page 37 and 38: The evolutionof the NFB Brand1985NA
Page 39 and 40: NFB Private Wealth Management -the
Page 41 and 42: NFB Private Wealth Management- triu
Page 43 and 44: Loaves & Fishes NetworkDeep poverty
Page 45 and 46: NVest Financial Holdings Limited |
Page 47 and 48: Corporate Governance& Sustainabilit
Page 49 and 50: needs of the Board in considering s
Page 51 and 52: A detailed report of the Social and
Page 53 and 54: Legal Compliance: The inherentrisk
Page 55 and 56: PART 5.2: Strategy, performance and
Page 57 and 58: Principle 9Evaluations of the perfo
Page 59 and 60: • the Group’s risk management a
Page 61 and 62: (bb) the Organisation for Economic
Page 63 and 64: • internal audit policy including
Page 65 and 66: Remuneration andNominationsCommitte
Page 67 and 68: an incentive basis (mainly through
Page 69 and 70: Directors Responsibilitiesand Appro
Page 71 and 72: IndependentAuditor’s ReportIndepe
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Key audit matterGoodwill assessment
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material uncertainty exists, we are
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GeneralInformationNVest Financial H
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NVest Financial Holdings Limited an
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GeneralInformationCompany NameDate
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Notice of AnnualGeneral Meeting & P
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Explanatory note for ordinary resol
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person/s authorised by the board),
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In order for this resolution to be
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Special Resolution Number 1 -Genera
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(c)) and in terms of the memorandum
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NVFH 2020 Integrated Annual Report

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