Board of Directors

Alexandra (Alex) is an emeritus professor at the University of Cape Town, having retired in 2018 after decades of teaching postgraduate financial reporting. She was appointed to Coronation’s Board of Directors in May 2008. In 2021, she was appointed as Chairperson. Alexandra currently serves as the independent non-executive chairperson of the Advtech Ltd board and is also a board member of WWF-SA. Until recently, she was an independent director of Steinhoff International Holdings N.V. (Appointed in 2018) and a non-independent non-executive director of Petra Diamonds Limited.

Alex also chairs the JSE’s financial reporting Investigations Panel (an advisory panel of financial reporting experts formed by a joint venture of the JSE and SAICA) and is a previous Vice Chairperson of the board of the Global Reporting Initiative, an Amsterdam-based organisation promoting understanding and communication of sustainability issues. She is a member of EY’s adjudicating panel of Excellence in Integrated Reporting awards.

Anton was appointed Chief Executive Officer of Coronation Fund Managers in February 2013 and has been a member of the Board since June 2009. He joined Coronation in January 2006 from BoE (Pty) Ltd, where he held several key positions and directorships. Anton has extensive knowledge of and experience in the investment and banking industry. Anton is also a director of various Coronation subsidiaries. In February 2009, he was appointed to the Board of Namibia Asset Management and served as Chairperson from 2013 to 2023. In 2022, he was appointed as the Chairperson of the Association for Savings and Investment South Africa (ASISA), where he fulfilled this role until 2023. He continues to serve as a director on ASISA’s Board. In 2024, Anton was appointed as a director of Business Unity South Africa.

Saks was appointed as an independent non-executive director of the Company on 19 October 2020 and was appointed as lead independent director and Chairperson of Coronation’s Risk Committee in August 2021. He is also a member of the Audit and Remuneration and Nominations Committees. Saks served as the Group CEO of Hollard Insurance until June 2022. Before joining Hollard, Saks held several executive positions at Nedbank and ABSA. He also serves as a non-executive director of IVM Intersurer B.V. (the Netherlands) and the Ikusasa Student Financial Aid Programme. He holds a Bachelor of Science in Mechanical Engineering degree from the University of Natal, is a graduate of the University of Cape Town’s Graduate School of Business, and has also completed the Advanced Management Programme at the Harvard Business School in Boston.

Lulama is a Senior Lecturer in the Department of Commercial Accounting at the University of Johannesburg. She was appointed to Coronation’s Board of Directors in October 2014 as an independent non-executive director and to the position of Chairperson of the Audit Committee in August 2021. She is also an independent non-executive director for Coronation Life Assurance Company Ltd and Coronation Management Company (RF) Proprietary Limited. She also serves as a non-executive director on the Board of Adcock Ingram Holdings and Bidvest Group Ltd. Her previous experience includes financial and consulting experience in private and public in the project finance, transport and financial services sectors.

Lea joined the Board as an independent non-executive director in December 2023. Lea is the Managing Director of Conrad Advisory. She is an independent non-executive director of YeboYethu RF Limited and Mpact Limited. She is also the independent Chairperson of the Afrimat BEE Trust and Chairperson of the Mpact Foundation Trust. She served as an executive director of the Oceana Group Limited from 2007 to 2016. During her 16-year tenure at the Oceana Group, Lea held executive management positions, served as a director on the boards of various subsidiaries, and as Chairperson of the Oceana Empowerment Trust. She was formerly the Chairperson of the Board of African Phoenix Investments Limited.

Hugo is a founding partner of Fortitudine Vincimus Capital Advisors (Pty) Ltd. He is a former CEO of Coronation Fund Managers, before which he was a member of the investment team of the business for eight years. Hugo is a medical doctor who found his way into investment management via an MBA completed at Oxford University. He is a CFA charterholder. Hugo currently serves as a trustee of the DG Murray Trust and a patron of George Whitfield College and chairs the board of JSE Clearing House (a subsidiary of the Johannesburg Stock Exchange). Hugo previously served as an independent director of Steinhoff International Holdings N.V., having been appointed to that board in November 2016.

Madichaba was appointed as an Independent Non-Executive Director on 12 June 2019. Previous roles include Executive Director at Pan-African Holdings Capital (Pty) Ltd, a principal at Trinitas Private Equity Fund and transactor at RMB Ventures. Madichaba has been serving as an Independent Non-Executive Director on the boards of Coronation Life Assurance Company (Pty) Ltd and Coronation Management Company (RF) (Pty) Ltd since 1 August 2015.

Neil was appointed as an independent non-executive director on 19 October 2020. He serves as a member of the Risk Committee and the Remunerations and Nominations Committee, which he has chaired since 1 January 2024. He has a National Diploma in Company Administration and a Master of Business Administration in Finance, with 28 years of experience as a South African-based fund manager and equity analyst. Neil previously worked at Syfrets Managed Assets, Nedcor Investment Bank and Old Mutual Investment Group, where he was co-head of the Electus boutique, and following this, he was the co-founder and co-head of the independent Electus Fund Managers.

Phakamani was appointed as an independent non-executive director on 19 October 2020. He has a Masters in Economics from the University of Durban-Westville, a Master in Arts in Rural Development from the University of Sussex, and is an alumnus of the Wharton Business School and the IMF Institute. He has served in senior management positions in the public and private sectors. Most recently, he served as the Group Chief Executive of Eskom Holdings. Before that, he was the CEO of Corporate and Investment Banking (SA) at Barclays Africa and the CEO of the Land and Agricultural Bank. Phakamani also worked in the National Treasury for 13 years, serving as Head of Assets and Liabilities from 2003 to 2008. Phakamani also consults for the IMF and the United Nations Economic Community of Africa on financial markets. Phakamani is currently running his business POLA Investments (Pty) Ltd and consulting for the UN and multilateral institutions on debt, financial management and SOE operations, including turnaround strategies.