Satrix has announced the appointment of Fikile Mbhokota as their new CEO. This follows the departure of Helena Conradie, who has been at the helm since 2013.
“Today we welcome Fikile Mbhokota as our new #CEO. We are looking forward to working alongside Fikile in our mission to democratise investments and to deliver deep value to our retail and institutional clients,” announced Satrix.
Mbhokota is a seasoned leader in the financial services industry, with experience spanning over 18 years. She has a diverse career and impeccable academic background, which makes her an ideal candidate for the role.
Mbhokota’s prior roles have included senior investment consultant at Absa Consultants and Actuaries. She was a member of the junior executive committee, consulting with some of the largest pension funds in Africa. She also held investment consulting positions at Momentum Asset Management, Riscura, and Old Mutual (previously acsis Limited).
In addition, she also has vast experience consulting at the executive and board level for some of the largest pension fund boards in Africa.Reece Briesies, a chief financial and operational officer at Sanlam Investments, said: “We are beyond thrilled to welcome a leader of Fikile’s calibre to Satrix. Her exceptional leadership pedigree will bring deep value to all tiers of the business.”
“As a business committed to democratising investment in South Africa, we know the breadth of her experience will help us deliver on our mission both to institutional and retail clients. Fikile joins an experienced and stable executive team at Satrix, which includes Kingsley Williams, Rick Martin, Yusuf Wadee, and René Basson. We are confident that the Satrix business will maintain its leading position among peers with this new appointment,” he revealed.
According to a report released by PwC, only 5% of CEOs are women in South Africa.