27 Nov 2017
Over the last two years I have been actively engaged with our key stakeholders - including the Board, our management team and the South African Reserve Bank - regarding succession within the Group.
Roland Sassoon has, over the last five decades, led the transformation of what was a small family textile trading business into Sasfin Holdings as we know it today. He has built a strong and deep management team and a business which is well positioned to grow into the future. Roland will be stepping down as CEO of Sasfin Holdings as of 1 January 2018 but will continue to be CEO of Sasfin Bank and as a director of Sasfin Holdings for the foreseeable future, which will allow for a smooth transition.
It gives me great pleasure to announce that Michael Sassoon will be assuming the role of CEO of Sasfin Holdings from 1 January, 2018. Since joining the Group in 2009, Michael has assumed responsibility for many areas of the Group, including having led and grown both Sasfin Wealth and Sasfin Capital. He has also been involved in many areas of the banking operations and was appointed an Executive Director of Sasfin Bank and Sasfin Holdings in 2013.
On behalf of the Board, I would like to pay tribute to Roland for all that he has done and continues to do for the Group and I would like to wish Michael well in his new role.
Compiled on: 27 September, 2017
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Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a comprehensive range of specialist financial products for Business and Wealth clients.