PIET VILJOEN, Executive Chairman and Analyst

B Com (Hons), CFA

With 25 years industry experience, Piet has become very cynical about the industry and what it stands for. He started out as a lecturer at the University of Pretoria, and then joined the Reserve Bank as an economic analyst. He became a portfolio manager at Allan Gray Investment Counsel in 1991 and in 1995 he moved to Investec Asset Management. Piet founded RE·CM in 2003 and is our Executive Chairman. Piet believes that fund managers should be true professionals, and as stewards of their clients’ capital, always act in their best interests. RE·CM’s adherence to this philosophy truly sets it apart from its peers in the industry.

DANIEL MALAN, Chief Investment Officer

B Com (Math), CFA

Daniel learned the value of direct client relationships and taking responsibility for your actions during a two year tenure with a stock broking firm in Cape Town in 1996/7. Four years of international experience took him to Montreal and London, where he gained a better understanding of the short term madness of crowds in the price discovery mechanism of markets. Daniel finally found investment 'religion' in the philosophy of valuation based investing in 2001, before rejoining former colleague Piet Viljoen at RE·CM in 2003.

Daniel is obsessively curious about the way things work, the forces that shape change and understanding the fine balance between the two.

LONN POTGIETER, Managing Director

B Com, CA (SA), Dip.Acc, H. Dip. Tax

Lonn started his financial services career in 1985 in Private Banking and Private Client Asset Management. He then moved to Institutional Fund Management in 1998 where he was involved in the management and operations of retail and institutional funds.After a brief spell with the Investment Management Association dealing with industry-related issues,Lonn joined RE·CM in May 2007, where he primarily looked after the operations team.Lonn was appointed Managing Director in January 2010. Lonn believes that if a job is worth doing, then it’s worth doing well. He strives to continually improve the standards of professionalism and excellence in the business so that RE·CM clients really do benefit from a distinct investing experience.

DAYNE ALLENBROOK, Analyst

BSc (Hons) Finance

After completing his Finance Honours at UCT in 2007, he joined JPMorgan on the Graduate Programme where he administered Fund of Funds and Derivative Trading. He is currently enrolled as a candidate in the CFA program, having passed the CFA level 1 exam. Dayne is of the opinion that it is better to take the road less travelled, thus giving him a different view and approach to investing. It is for this reason that he identifies with the discipline of value investing and a contrarian style. Dayne joined RE·CM in July 2009 as an Analyst and is responsible for Corporate Governance and Implementation.

CHRISTIAAN BASSON, Information Systems

Christiaan joined RE·CM in July 2009 after a successful consulting career spanning 11 years with a large consulting firm. Consulting gave him exposure to a wide range of industries with the majority of time spent in the financial services industry (private banking and asset management). Independent, free-thinking and very passionate about what he does, Christiaan strives to get things done right the first time.

NEIL BROWN, Clients and Marketing

Neil has 10 years of experience in the Asset Management industry. After working in London & Zimbabwe, Neil took up a position in the Operations Division of Investec Asset Management in July 2000. Neil moved into the Investment Team as an Implementation Analyst in 2002, before joining RE·CM in September 2006. Neil is responsible for individual investors.Neil’s obsession to detail in all aspects of life has provided him with a platform to deliver a level of client service that is both personal and professional.

LYNN CAMPBELL, Operations

PGDM (Post Graduate Diploma in Management)

Lynn started her career in operations in 2000 at Personal Trust International where she was employed as a portfolio administrator. She joined Abvest Associates in February 2003 as a Client Liaison Officer and was appointed Client Administration Manager in July 2006. Lynn joined RE·CM in August 2007 after a 1 year stint at Coronation Fund Managers where she was employed as a Client Relationship Manager. As Operations Manager, Lynn manages and ensures the accuracy of all aspects related to client services. She is also responsible for developing and maintaining strict controls to ensure that clients receive accurate and timely information. With ten years industry experience, she is able to draw on wide knowledge in order to improve the decisions we make.

RICHARD COURT, Analyst

BSc (Hons) Finance, BCom (Hons) Accounting, Post Graduate Diploma in Accounting

Richard completed a Bachelor of Business Science (Finance Honours) degree, a Bachelor of Commerce (Accounting Honours) degree and a Post Graduate Diploma in Accounting at the University of Cape Town. He completed his articles at Deloitte & Touche in Cape Town where he specialised in financial institutions. On completion of his articles Richard spent the better part of 18 months working for other Deloitte & Touche offices in locations such as Amsterdam and Sydney. This increased his exposure to international financial institutions and at the same time allowed him to expand his cultural horizons through travel. Richard joined RE·CM in November 2009 and is working towards his CFA Charter. Richard believes in “doing what is right because it is right” and it is this principle that stands him in good stead to be a steward of other people’s capital.

WILHELM HERTZOG, Analyst

B Com (Law), B Acc (Hons), CA SA, CFA

After qualifying as a Chartered Accountant in the Financial Services division of PriceWaterhouseCoopers, where he served as an IFRS and financial instruments specialist, Wilhelm obtained his CFA charter and joined PSG Capital in 2005. At PSG, he worked as a proprietary investment analyst and corporate advisor on numerous deep value investment opportunities and a number of corporate transactions. Wilhelm joined RE·CM in February 2007. Standing up to peer pressure and standing apart from the crowd has always come naturally to Wilhelm: despite growing up in the Cape’s Winelands and being the son of a wine connoisseur, he has been a teetotaler all his life.

LONCÉ LUDOLPH, Information Systems

Loncé has 4 years experience in the IT industry. After having worked for Dialogue Group, he joined RE·CM in October 2008. His key responsibilities include IT Support, user support and project management. His skills range from planning, implementation, system administration to support on all levels of IT.His goal orientated persona has given him the ability to maintain the wellbeing and continual success of our IT Systems. Instead of keeping the lights on, he creates the spark.

THABO MANELI, Operations

Thabo has 9 years of experience in the Asset Management industry. He started his career at African Harvest as a temp in Accounts and then spent over 5 years with Finsource as a Portfolio Administrator. Thabo then joined OMIGSA and Abante Management as a Hedge Fund Administrator. Thabo joined RE·CM in 2009 and is responsible for the retail and institutional client’s administration. He applies his knowledge earned over the years to ensure that RE·CM strives for Excellency in client service and creates a very friendly, professional and warm relationship with our clients.

HEATHER MCCULLOCH, Clients and Marketing

Heather joined RE·CM in August 2009 after completing 8 successful years at Allan Gray Ltd where she held the position of Regional Manager - Retail Distribution for the Western and Eastern Cape region. Heather was responsible for the development and marketing of Allan Gray Investor Services and for introducing the Company’s retail investment products to the Independent Financial Advisor market. Heather has 15 years industry experience, having worked for Sanlam Unit Trusts (as Marketing Manager), as well as for TMA Investor Services and Southern Life. Heather finds satisfaction in delivering a high standard of service to all those with whom she interacts and is committed to ensuring that the business is represented in an honest and transparent way. Her commitment to our clients and her passion for the business she represents is evident in her high standard of work ethic and in all client interactions.

JONATHAN RACUSSEN, Dealer

BSc (Hons) Finance

After completing a Business Science Honours degree in Finance, Jonathan joined Investec Asset Management where he was an analyst and equity dealer for 4 years. He then moved to London where he worked for two years as an Institutional Sales Trader at Barnard Jacobs Mellet. On his return to Cape Town in 2006 he rejoined Investec Private Client Wealth Management. Jonathan joined RE·CM in August 2009 to take over the dealing position. Jonathan is presently studying towards a Masters Degree in Sustainable Development. Jonathan believes that integrity and ethical behaviour are vital components of one’s personal and professional life, and applies these principles to ensure RE·CM clients and their portfolios come first.

EDYTA SCHREUDER, Finance

B Com (Hons), Accounting

Edyta is an accountant with 7 years experience in accounting and financial management. Her career includes having been a manufacturing accountant and financial analyst for Colgate Palmolive, a Unit Trust Financial Flows Administrator for African Growth Advisors and the accountant for FMS [Facility Management Solutions]. She moved to RE·CM as the accountant in 2007 and is responsible for the accounts for the companies within RE·CM. Edyta identifies with RE·CM’s independent approach to investing and finds this characteristic useful in fulfilling her responsibilities. Having moved to South Africa from Poland, leaving her family behind is the essence of an adventurous and independent spirit.

MAJDA SULAIMAN, Analyst

B Com (PPE)

Majda has a Bachelor of Commerce Degree in Politics, Philosophy and Economics from UCT. Having joined RE CM in May 2006, she gained experience in the full operations cycle, dealing specifically with Retail and Institutional Administration and Reporting, before joining the Investment team as a Trainee Analyst in February 2008. Her experience and expertise places her in a unique and fortunate position of being able to create important synergies within and between both critical areas of our/the business. However, it is her ability to be level-headed and strong-minded in the face of the most difficult of situations that has kept her in good stead throughout the years. This is her main source of inspiration in the investment world, where convictions crumble easily under the crush of noise from all market participants. Being a contrarian investor demands a certain degree of conviction in yourself and your beliefs - there's just no room for second-guessing.

JOHANNES VISSER, Analyst

B Com (Hons)

After completing his studies at the University of Stellenbosch, Johannes joined Oasis Asset management as an equity analyst in 2004. For the next 3 years he was involved in the investment decision making process particularly with regards to listed local and global industrial companies. During a 1 year restraint of trade period in 2007/2008 he started a successful business and completed his formal education by passing the CFA level 3 examination. Johannes joined RE·CM in August 2008. Johannes focuses on researching investment ideas so that only high-conviction investment ideas are filtered for client portfolios.

RODGER WALTERS, Analyst

B Com (Hons), CA (Namibia), CFA

Rodger is a chartered accountant who completed his articles at KPMG. He later became a partner at Grand Namibia before joining Namibia Asset Management with Coronation Fund Managers in 1996. In 1998 he assisted with the listing of Namibian Harvest Limited on the Namibian Stock Exchange and joined Coronation Fund Managers in July 2000 in Cape Town as a Portfolio Manager. Rodger joined Abvest Associates in November 2001 as a Portfolio Manager and was appointed CIO in July 2004. Rodger joined the investment team at RE·CM in April 2006.

SCOTT YOUNG, Analyst

B Sc (Hons), Economics

Scott completed his business science degree at UCT in 2007 with honours in economics and achieved cum laude. After discovering his passion for research and investing, Scott decided to enter the financial services industry and joined Personal Trust in June 2008.He gained valuable experience in both the offshore and fund pricing departments. After passing CFA 1, he realized that he needed to further develop his fundamental, practical experience and thus joined RE·CM as a trainee analyst in January 2010.He is currently studying towards CFA level 2. Scott’s best attribute is the extreme attention he applies to detail. It is this detail which is so important in the process of value-orientated investing.