04 Apr 2017
Sasfin Wealth is pleased to announce the appointment of Errol Shear to the position of Head of Value Equity and Absolute Return. Shear will assume the position on 02 May 2017.
Shear brings considerable experience to the role and has had an extensive career, most recently as the CIO at Absa Asset Management. Shear’s more than 30 years’ industry experience includes a decade at Absa. Prior to that, he spent more than two decades at STANLIB, managing the absolute return portfolios with a value of over R10 billion. Additionally, Shear was responsible for the management of the Liberty Group and Liberty Active (Charter Life) life fund portfolios as well as certain segregated funds.
According to Michael Sassoon, Head of Sasfin Wealth, Shear’s vast experience and proven track record will add significant value to the business.
“Errol has for many years delivered consistent returns to investors as one of South Africa’s leading Value Fund managers. Over the last few years Sasfin Wealth has meaningfully grown its portfolio management and asset management offering. Errol’s appointment is in line with our strategy to further expand our investment management and to be a stronger competitor in attracting institutional clients. We are confident that he will add value in this regard,” Sassoon said.
Philip Bradford, Head of Investments at Sasfin Wealth, was excited by the appointment:
“We are thrilled to welcome Errol to Sasfin Wealth. Errol is one of the most respected fund managers in South Africa with a successful track record spanning 30 years. He will be heading up a specialist team within Sasfin Asset Managers that will complement our existing specialist investment offerings of General Equity, Fixed Income and Asset Allocation.”
Shear holds a Bachelor of Business Science (B.Bus.Sc) (Finance) (Hons), is a qualified Chartered Accountant (SA), and Charted Financial Analyst (CFA) charterholder.
Issued on: 04 April 2017
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