South Africa-based financial services group, Alexander Forbes, has confirmed the appointment of Ann Leepile as the CEO of its investment business.
A press statement issued by the group revealed that her appointment as CEO of Alexander Forbes Investments will be effective as of Feb. 1.
Leepile, who is the former head of Absa Asset Management, served as the head of global manager research and deputy chief investment officer of Alexander Forbes Investments.
Her experience in the financial services industry gives her direct insight into the dynamics of the business and its clients. In the six years that she served as CEO of Absa Asset Management, she grew the business into one of the largest asset managers in South Africa.
Her addition to the Alexander Forbes leadership will see her leverage years of experience and skills to create value for the investment division. This will help to strengthen the group’s operations as a leading player in the financial services industry.
Alexander Forbes Investments is entrusted with more than R420 billion ($26.8 million) of its clients’ savings, affirming its leadership position in the South African investment environment.
In her new role, Leepile will lead the next phase of growth for Alexander Forbes Investments through her deep technical expertise, understanding of the market and leadership track record.
She will also join the Alexander Forbes Group Executive Committee to ensure that investments continue to play a formative role in the execution of the group’s overall strategy.
Alexander Forbes CEO Dawie de Villiers said the appointment will help sharpen the group’s focus to unlock and create value through the opportunities that exist in the financial services industry.
“Ann’s appointment sharpens our focus to deliver upon the immense potential that now exists within Alexander Forbes Investments to grow exponentially into the future as we leverage our transformative investment capabilities, institutional scale and market-leading membership base,” he said.
