Board of Directors

of Coronation Fund Managers Ltd

  • Alexandra Watson

    Chairperson

    BCom (Hons), CA(SA)

    Alexandra is an emeritus professor of the University of Cape Town, having retired in 2018 after decades of teaching postgraduate financial reporting. She was appointed as Chairperson of Coronation’s Board of Directors in 2021, prior to which she served as the lead independent non-executive director and Chair of the Audit and Risk Committee. She is a former Chairperson of the Accounting Practices Committee, the technical accounting committee of the South African Institute of Chartered Accountants, and chairs the Financial Reporting Investigations Panel (an advisory panel of financial reporting experts formed by a joint venture of the JSE and SAICA). In April 2018, Alexandra was appointed as an independent director of Steinhoff International Holdings N.V.  In July 2021, she was appointed as a non-independent non-executive director of Petra Diamonds Limited.

    She is a board member of WWF-SA 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 Pillay

    Chief Executive Officer

    BBusSc, CA(SA), CFA, AMP (Harvard)

    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 a number of key positions and directorships. Anton has extensive knowledge and experience of the investment and banking industry. He is a director of various Coronation subsidiaries, and also serves as chairperson of Namibia Asset Management and on the board of PPS Investments. Anton is a member of ASISA.

  • Saks Ntombela

    Lead Independent Non-Executive Director

    BSc Mechanical Engineering (Natal), MBA (UCT)

    Saks was appointed to Coronation’s Board of Directors as an independent non-executive director on 19 October 2020, and, in August 2021, was appointed to his current role and also as Chairperson of the Board’s Risk Committee. Saks serves as the Group CEO of Hollard Insurance (Hollard). Prior to joining Hollard, Saks served as the Head of Retail Banking Product and Segments at ABSA and held a number of executive positions at Nedbank. He holds a Bachelor of Science in Mechanical Engineering from the University of Natal, Saks is also a graduate of the University of Cape Town’s Graduate School of Business. More recently, he completed the Advanced Management Programme at the Harvard Business School in Boston.

  • Lulama Boyce

    Independent Non-Executive Director

    BCom (Hons), CA(SA), MCom, Financial Management (UJ)

    Lulama is the Head of Department: 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 a member of the Board of Adcock Ingram Holdings. She graduated from the University of Cape Town in 2002 and served her articles at Grant Thornton Johannesburg. She is a former account manager for the Industrial Development Corporation and was part of the Transport and Financial Services business unit from 2008 to 2011. She is a former project finance consultant and served on the Audit Committee of Automotive Supplier Park from 2007 to 2009.

  • Judith February

    Independent Non-Executive Director

    BA (Law), LLB, LLM (UCT)

    Judith is a senior research associate at the Institute for Security Studies and a Visiting Fellow at the Wits School of Governance. Prior to that, Judith headed up IDASA’s South African governance programme. She practised law in Cape Town until 2000 and holds an LLM in Commercial Law. Judith also is a Conflict Dynamics accredited commercial mediator. She is a regular media analyst on South African politics and writes columns for Eyewitness News, Daily Maverick and Media24. She is the author of ‘Turning and Turning: exploring the complexities of South Africa’s democracy’, published by PanMacMillan in August 2018. Judith also chairs the Springfield Convent School board of governors. She was appointed to the Board in August 2008.

  • Hugo Nelson

    Independent Non-Executive Director

    MBChB, MBA (Oxon), CFA

    Hugo is founding partner of Fortitudine Vincimus Capital Advisors (Pty) Ltd. He is former CEO of Coronation Fund Managers, prior to 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 is a trustee of the DG Murray Trust, member of the Steinhoff NV supervisory board and a patron of George Whitfield College. Hugo was appointed to the Board in November 2016.

  • Mary-Anne Musekiwa

    Chief Financial Officer

    BCom (Accounting), CA(SA)

    Mary-Anne was appointed as Chief Financial Officer and Financial Director in June 2019, and had been fulfilling the role of Deputy Chief Financial Officer since December 2018. Prior to joining Coronation, she served as Chief Financial Officer of projects at DirectAxis, a subsidiary of the FirstRand Group, where she provided strategic and financial input to various projects within the respective business units. Prior to that, she held roles in the fields of finance, tax, and accounting policy governance at various financial institutions. 

     

  • Madichaba Nhlumayo

    Independent Non-Executive Director

    BBusSc, CA (SA)

    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 Brown

    Independent Non-Executive Director

    Nat Dip Company Admin, MBA (Finance)

    Neil was appointed as an independent non-executive director on 19 October 2020. 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 Hadebe

    Independent Non-Executive Director

    MA Economics (KZN), MA Rural Development (Sussex)

    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, is an alumnus of the Wharton Business School and the IMF Institute. He has served in senior management positions in both 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 for the Land and Agricultural Bank. Phakamani also worked in the National Treasury for thirteen years serving as Head of Assets and Liabilities from 2003 to 2008. Phakamani is also consulting for the IMF and the United Nations Economic Community of Africa on financial markets.