NVFH 2020 Integrated Annual Report

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ExecutiveManagementin addition to theExecutive DirectorsFrom left to right:Andrew Duvenage / Siviwe Relebohile Kwatsha / Nathan CarrGavin Ramsay / William Higgs / Paul MaraisGavin Ramsay (47)DirectorNFB Private Wealth Management (Pty) LimitedQualifications:- B.Com (Rhodes University)Gavin started his career at NFB in East London in October 1993 and has accumulated over 25 years Private WealthManagement industry experience. Gavin is currently a Director of NFB Private Wealth Management (Pty) Limited, akey member of the NFB Asset Management Investment Committee and is responsible for dealing strategy and incomeproduction across the Private Wealth management businesses. Gavin also sits on various Group subsidiary boards.Andrew Duvenage (38)Managing DirectorNFB Private Wealth Management (Pty) LimitedQualifications:- B.Com (Hons) Investment management (cum laudeUniversity of Johannesburg, 2003- Post Graduate Diploma in Financial Planning, UFS, 2007- Advanced PGDFP (cum laude) UFS, 2009- MBA (cum laude), GIBS, 2011Andrew joined NFB Private Wealth Management in 2004 and has 15 years’ experience in the financial services industry.After NVest Financial Holdings Limited acquired the NFB Gauteng business in 2015, Andrew was elevated to the positionof Managing Director of NFB Finance Brokers Gauteng (Pty) Limited and plays a leading role in growing the PrivateWealth Management franchise across those subsidiaries. Andrew is now the Managing Director of NFB Private WealthManagement (Pty) Limited, which is an amalgamation of the original Private Wealth Management subsidiaries.20NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020
Siviwe Relebohile Kwatsha (41)Group Chief Information OfficerNVest Financial HoldingsQualifications:- Bachelor of Science (Computer Science) cum laude(Rhodes), 1998- Bachelor of Science with Honours (Computer Science)cum laude (Rhodes), 1999- Certificate in Corporate Governance cum laude (UJ), 2014Siviwe joined the Executive Team of NVest as Chief Information Officer with effect from 1 February 2019, having previouslyserved as an Independent Non-Executive Director on the Group Board. Siviwe is a senior management consultant withextensive experience and a proven ability to provide real world solutions to high level technical and business problems.Siviwe specializes in Information, Communication and Technology (ICT) security, governance, network and solutionsarchitecture. Siviwe has been the chairman of the Social and Ethics Committee since the Group’s listing. He also chairs theGroup Risk and Control Committee.Paul Marais (41)Managing DirectorNFB Asset Management (Pty) LimitedQualifications:- B.Com, University of the Witwatersrand, 1999- B.Com (Hons), University of Johannesburg, 2003Paul joined NFB during his undergraduate degree studies and has occupied various roles across the business during histenure. He is currently the Managing Director of NFB Asset Management (Pty) Limited and the Head of its InvestmentCommittee where he is responsible for the management, distribution, development and administration of the NFB AssetManagement investment portfolios.Nathan Carr (45)Group Head of Legal and Corporate StrategyNVest Financial HoldingsQualifications:- BA (Rhodes University, 1995)- LLB (Rhodes University, 1997)- MBA (Rhodes Investec Business School, 2012)- Advanced Diploma in Labour Law (University ofJohannesburg, 1999)- Change Management (University of Cape Town, 2018)- Commercial Law and Contracts (University of Cape Town, 2018)- Admitted attorney – 1999, South Africa- Admitted Solicitor – 2001, England and Wales- Institute of Directors South Africa – Member.- Prince II accredited Project Manager PractitionerNathan joined NVest Financial Holdings Limited in 2016 as Group Head of Legal and Corporate Strategy after 18 years ofworking in mainstream banking and legal practice, during which time he occupied various senior Legal, Operational andStrategic roles across the Barclays Group based in London, Johannesburg, Dubai and Mauritius. Nathan has been involvedin a number of high-level corporate transactions and business integrations, including the acquisition of Absa by BarclaysBank Plc in 2005, the acquisition of Nile Bank in Uganda (by Barclays Bank of Uganda) in 2007 and the local incorporationof Barclays Bank Mauritius Limited in 2014.Nathan has led the formulation and introduction of a Group-wide Risk and Control Framework at NVest and is instrumentalin the acquisitive growth strategy of the Group. He also established and chaired the Group Risk and Control Committee.William Higgs (33)Operations DirectorNFB Private Wealth Management (Pty) LimitedQualifications:- B.Com (Hons) Financial Accounting (University of Pretoria 2009)- B.Com Financial Accounting (University of Pretoria 2008)- CA (SA)William joined NFB Private Wealth Management in 2015 as Chief Operating Officer of the Gauteng PWM business. Hebrought with him financial control and organisational optimisation experience in financial services across the Africancontinent. He became Financial Director of the Gauteng PWM business in July 2017 as the business looked to grow andconsolidate key roles. With the strategic intent to amalgamate the three PWM businesses into a national single financialservices provider and legal company, William was appointed Operations Director of the national NFB Private WealthManagement business in April 2019.NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 21
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 and 22: ANTHONY DENIS GODWIN (60)CHIEF EXEC
Page 23: DR LANA JOY WELDON (46)INDEPENDENT
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
Page 73 and 74: 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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