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Directorate and Team

Foord’s diverse staff profile is characterised by a mix of experience, youthful energy and passion for investment stewardship across all disciplines.

Brendan Africa

Financial Director

Brendan Africa

Brendan Africa

B Com (Hons), CA(SA)

I have always been intrigued by the dynamic evolution of the investment management industry. This is no more evident than at Foord where the firm has been punching above its weight for over three decades. I am privileged to be a member of Foord's highly accomplished executive team. It is truly refreshing to work in an environment where independent thinking is the order of the day.


"Foord’s deliberate and relentless focus is truly impressive."

Paul Cluer

Managing Director

Paul Cluer

Paul Cluer

B Bus Sci (Finance) (Hons), B Com (Hons), CA(SA), CFA

I am inspired by Foord’s enduring passion for investment stewardship – to always act in the best interests of investors – and its vision to deliver sustainable, inflation-beating, long-term returns to investors across market cycles without assuming undue risk. As managing director of Foord’s South African boutique and director of its offshore operations, I have been privileged to share challenges and achievements with some of the finest people in their respective fields. 


"I find being part of a boutique business stimulating and challenging."

William Fraser

Director and Portfolio Manager

William Fraser

William Fraser

B Com (Actuarial) Cert (Financial Engineering)

My responsibilities at Foord allow me to satisfy two passions: finding great investment ideas for investors’ portfolios and interacting with investors to ensure their needs are being met.

I find the sharing of ideas refreshing and I firmly believe that it’s the freedom given to individuals to get involved in all parts of the business that stimulates innovation - innovation that ultimately results in enhanced benefits for the investor.


"The freedom to be involved in all parts of the business allows for innovation."

Prakash Desai

Non-Executive Director

Prakash Desai

Prakash Desai

B. Compt (Hons), CA(South Africa), ACA (Australia), CA (Singapore)

I leverage my professional experience to help Foord build strong credibility with its international business partners, investors and the regulators who have oversight over its international operations.


"I enjoy the challenge of helping Foord expand its global footprint."

Brendan Africa

Financial Director

Brendan Africa

Brendan Africa

B Com (Hons), CA(SA)

I have always been intrigued by the dynamic evolution of the investment management industry. This is no more evident than at Foord where the firm has been punching above its weight for over three decades. I am privileged to be a member of Foord's highly accomplished executive team. It is truly refreshing to work in an environment where independent thinking is the order of the day.


"Foord’s deliberate and relentless focus is truly impressive."

Diane Behr

Operations Manager

Diane Behr

Diane Behr

B Bus Sci (Finance), CA(SA)

I thrive on working in smaller environments where there is scope to get involved in many aspects of the business. It has been a privilege to join this team of dedicated, experienced professionals where the investor really does come first.


"I enjoy a boutique environment that allows me to be part of many aspects of the business."

Paul Cluer

Managing Director

Paul Cluer

Paul Cluer

B Bus Sci (Finance) (Hons), B Com (Hons), CA(SA), CFA

I am inspired by Foord’s enduring passion for investment stewardship – to always act in the best interests of investors – and its vision to deliver sustainable, inflation-beating, long-term returns to investors across market cycles without assuming undue risk. As managing director of Foord’s South African boutique and director of its offshore operations, I have been privileged to share challenges and achievements with some of the finest people in their respective fields. 


"I find being part of a boutique business stimulating and challenging."

William Fraser

Director and Portfolio Manager

William Fraser

William Fraser

B Com (Actuarial) Cert (Financial Engineering)

My responsibilities at Foord allow me to satisfy two passions: finding great investment ideas for investors’ portfolios and interacting with investors to ensure their needs are being met.

I find the sharing of ideas refreshing and I firmly believe that it’s the freedom given to individuals to get involved in all parts of the business that stimulates innovation - innovation that ultimately results in enhanced benefits for the investor.


"The freedom to be involved in all parts of the business allows for innovation."

Dave Foord

Chief Investment Officer

Dave Foord

Dave Foord

B Com, CA(SA)

I consider myself privileged to enjoy the backing of a superlative team of specialists and support staff. At Foord, it’s our goal to be the best in the industry. An objective we aim to achieve by combining our superior client service with intelligent and creative investment strategies at the lowest possible cost to investors while delivering the best possible return on investment under prevailing market conditions, without compromising ethical standards or integrity.


"We are passionately engaged in the management of wealth for our investors."

Daryll Owen

Deputy Chief Investment Officer

Daryll Owen

Daryll Owen

B Com, CAIB


Prior to joining Foord I had spent my whole working career at big corporates. It is refreshing, now, to be working for a company where everyone is focused on the same objective - doing what is best for our investors and not letting bureaucracy get in the way. In addition, it is very stimulating working in an environment with talented investment specialists who are as passionate about investments as I am, and who are always striving to be better.


"It is stimulating working in an environment with passionate and talented investment specialists."

Pravarshan Murugasen

Head of Equity

Pravarshan Murugasen

Pravarshan Murugasen

B Bus Sci (Finance), PGDA (UCT), CA (SA), CFA

I have a background in finance and accounting with the focus on financial services companies. With some experience on the sell-side as well, Foord is the perfect place for me to expand my knowledge and learn from a successful investment team. Despite the wealth of available experience, the Foord environment encourages new analysts to contribute and provide a different perspective in order to generate value for our investors.


"I am motivated by the fact that my contribution is able to generate real value for our investors. "

Nick Balkin

Portfolio Manager

Nick Balkin

Nick Balkin

B Com (Hons) (Finance), CFA

With a background in global management consulting, I believe that the operational and financial experience I gained from the consulting environment has given me the necessary tools to help the investment team consistently unearth high quality undervalued shares for our investor’s portfolios.

I also thrive on being part of a small, successful firm without the rigid structures of a big organisation.


"I enjoy being part of a niche asset management firm that challenges the status quo."

William Fraser

Director and Portfolio Manager

William Fraser

William Fraser

B Com (Actuarial) Cert (Financial Engineering)

My responsibilities at Foord allow me to satisfy two passions: finding great investment ideas for investors’ portfolios and interacting with investors to ensure their needs are being met.

I find the sharing of ideas refreshing and I firmly believe that it’s the freedom given to individuals to get involved in all parts of the business that stimulates innovation - innovation that ultimately results in enhanced benefits for the investor.


"The freedom to be involved in all parts of the business allows for innovation."

Michael Townshend

Portfolio Manager and Global Commodities Analyst

Michael Townshend

Michael Townshend

B.Sc. (Hons), B.A., MBA.

As research analyst, I strive to add value on a daily basis by utilising my investment experience to drive a renewed focus on fundamental research. It’s my goal to entrench Foord’s proven investment performance and assist the portfolio managers in selecting those shares capable of delivering even better returns into the future.

I find being part of such a successful and experienced team to be nothing short of invigorating.


"My goal is to entrench Foord’s proven investment performance."

Irfaan Abbas

Equity Analyst

Irfaan Abbas

Irfaan Abbas

B Bus Sci (Finance) (Hons), CA(SA)

No two days are ever the same at Foord, which fosters a culture of learning, growth and development. Being part of a team that has such a wealth of knowledge and experience pushes me to deliver my best every day with the end goal of generating above market returns for investors.


"The markets can be emotionally brutal, re-emphasising the importance of ignoring short-term volatility and focusing on the long-term fundamentals."

Daniel Gerdis

Equity Analyst

Daniel Gerdis

Daniel Gerdis

B Bus Sci (Finance) (Hons), CA(SA), CFA

I joined Foord to be part of an experienced, quality investment team with a sound philosophy and proven track record. I enjoy working in a small team with talented individuals who are singularly focused on investment returns above all else, and whose goals are closely aligned to my own.


"I draw from the wealth of experience I work with every day. "

Nancy Hossack

Equity Analyst

Nancy Hossack

Nancy Hossack

B Bus Sci (Finance)(Hons), CA(SA)

I count myself fortunate to work in the fascinating world of investments. It demands a curious combination of factual focus, creativity, sound judgement, and a solid dose of humility. Foord sets itself apart by its relentless focus. The team is single-minded in its pursuit of investment success. Our investors can afford to put their investments at the back of their minds, knowing it is all we think about.


"Successful investing requires factual focus, creativity, sound judgement and humility."

Wim Murray

Equity Analyst

Wim Murray

Wim Murray

LLB, CFA

Foord provides me with the opportunity to work in a stimulating, highly demanding environment with the sole purpose of providing superior returns to our investors.


"It is a tremendous privilege to be part of the Foord team."

Irina Schulenburg

Equity Analyst

Irina Schulenburg

Irina Schulenburg

B Com Investment Management (Cum Laude) (Hons) (Investment Management) CFA

Foord epitomises my love for the investment profession. The team is competitive – as we want to beat the market, not just achieve market returns. The environment is team orientated – as an effective group can achieve more than one person. The work is satisfying and challenging – investing is simple but it’s not easy.


"Only if your judgement is unconventional will your performance be superior. "

Nick Curtin

Head: Business Development and Investor Relations

Nick Curtin

Nick Curtin

BA (Economics), CFA, CFP®

Being immersed in the investment team means that all my investor interactions are focused on the stuff that really matters – how our investment strategies are working to preserve their capital and grow their long-term wealth. I am extremely fortunate to have the opportunity to work with some of the best investing brains in the industry in an organisation that strives to offer each and every client truly personalised service.


"I work with some of the best investing brains in the industry."

Siphesihle Nzuza

Investor Relations: Institutional Investors

Siphesihle Nzuza

Siphesihle Nzuza

B Sc (Statistics and Economics) (University of Cape Town), MPD Certificate (University of Stellenbosch Business School)

Despite being a long-time Foord investor, I have long wished to work for a team that is as focused and committed to the concept of long-term investing. I have watched over the years as Foord continued to achieve above-inflation returns, ranking it amongst the best in the country both in the retail and institutional space. I feel privileged to work for such an esteemed investment manager.


"I have always admired Foord for its disciplined investment process and philosophy, long before I started working here. "

Arlene Thompson

Investor Relationship Manager: Direct Investors

Arlene Thompson

Arlene Thompson

When I joined Foord in 2006 I took on the mantle of the client services role within Foord Unit Trusts. Since then I have flourished under the pressure of deadlines and the stimulating Foord environment. It’s my passion for client service excellence that keeps me motivated on a daily basis.


"I thoroughly enjoy my daily contact with our investors."

Nicola Nurick

Investor Relations: Direct Investors

Nicola Nurick

Nicola Nurick

B Com (Financial Management) (Hons), Dip (Comp Sci)

With a background in local and international payroll and financial management, I joined Foord as member of its administration team in 2008. In the time that I’ve been with the company, I’ve been impressed by the professional and cohesive team that Foord has handpicked over the years. I am proud to consider myself a part of this group.


"I see myself going from strength to strength within Foord. "

Grant Koks

Investor Relations: Direct Investors

Grant Koks

Grant Koks

B Com (UCT), Post Grad Diploma in Financial Planning (US)

I feel privileged to be able to interact with investors to ensure that their needs are being met while being part of a highly functional and efficient team. I enjoy working in the relatively small environment as it gives me the opportunity to be involved in various aspects of the business.


"I take pride in being part of the successful Foord team."

Adele Jankowitz

Head of Retail Investment: Gauteng

Adele Jankowitz

Adele Jankowitz

Com (Hons) (Financial Analysis and Portfolio Management)

The success of an investment firm has much to do with its unwavering commitment to its cause. Greatness requires patience, perseverance, dedication and learning from one’s failures. These characteristics are understood and practiced at Foord. Foord has a clear vision of investment stewardship and a sensible long-term investment philosophy. These cornerstones in its approach to money management are what inspired me to join Foord. The company’s family values and excellent track record make it a sought-after career opportunity. I am honoured to have been given the opportunity to be part of this respected asset manager and wonderful success story.


"Greatness requires patience, perseverance, dedication and learning from one’s failures."

Karen du Toit

Head of Retail Investment: North Gauteng

Karen du Toit

Karen du Toit

BA (Hons Corporate Communications), CFP

Having worked in the industry for 10 years I always knew of Foord as one of the oldest asset managers with an enviable track record. But I didn’t know a lot about Foord in that it is not a big asset manager advertising its rich history and success. When I joined the company I quickly realised why – at Foord there is an intense focus on managing investors’ money with the utmost care. Everyone at Foord is dedicated to the same objective and has an unwavering commitment to this common goal.


"When I joined Foord I realised I hadn’t only joined a company but I had become part of a family."

Julie Macleod-Henderson

Head of Retail Investment: Kwa-Zulu Natal

Julie Macleod-Henderson

Julie Macleod-Henderson

B Com (University of Natal Durban), Certified Financial Planning Diploma (University of Orange Free State)

I am honoured to be part of a dynamic group of individuals who ensure that investors’ interests are always put first. Foord’s unwavering investment process and philosophy brings together their investment strategy and macroeconomic review from both a top down and bottom up approach. They continue to deliver outstanding inflation-beating returns for their investors over the long term. It is a privilege to be part of the Foord family, a firm I have admired for so many years.


"The values and qualities that I aspire to are practiced at Foord every day. "

Heather McCulloch

Head of Retail Investment: Western Cape

Heather McCulloch

Heather McCulloch

Having admired Foord from the side lines for so many years, it is a great privilege to be a part of this strong, principled and trusted team of people, who understand the importance of, and need for, qualified and expert financial advice. I look forward to identifying and growing a long-term partnership with like-minded individuals who understand and believe in the Foord philosophy when providing best financial planning advice.


"Strong, principled and trusted. The best way to describe the Foord team."

Mario Schoeman

Head: Retail Distribution

Mario Schoeman

Mario Schoeman

B.Sc. (University of Stellenbosch), MBL (UNISA)

The abundance and availability of information, combined with complex products and complicated life challenges, mean that sensible investment decisions require more than just prudent advice and reputable investment companies. It requires passionate people who have combined their skills to deliver solid performing and well-managed portfolios. I believe that Foord is such a company. Its enthusiastic application of essential investment experience, coupled with an unwavering commitment to the best interests of clients, makes me feel truly honoured to represent the company in a marketing and investor relationship management capacity.


"Partnering with Foord enables me to pursue both my ideals and long-term commitment to the industry, as well as achieving my personal goals."

Dave Foord

Chief Investment Officer

Dave Foord

Dave Foord

B Com, CA(SA)

I consider myself privileged to enjoy the backing of a superlative team of specialists and support staff. At Foord, it’s our goal to be the best in the industry. An objective we aim to achieve by combining our superior client service with intelligent and creative investment strategies at the lowest possible cost to investors while delivering the best possible return on investment under prevailing market conditions, without compromising ethical standards or integrity.


"We are passionately engaged in the management of wealth for our investors."

Agnes Cai

Chief Executive Officer

Agnes Cai

Agnes Cai

B. Accountancy (Hons), CA (Singapore)

I am excited to have joined the Foord team at this dynamic juncture, when Foord is growing and the regulatory regime is constantly changing. It is my privilege to work with the dedicated team in Singapore and in an environment where our interests are aligned to that of our investors.


"Staying informed and evolving over time."

Prakash Desai

Non-Executive Director

Prakash Desai

Prakash Desai

B. Compt (Hons), CA(South Africa), ACA (Australia), CA (Singapore)

I leverage my professional experience to help Foord build strong credibility with its international business partners, investors and the regulators who have oversight over its international operations.


"I enjoy the challenge of helping Foord expand its global footprint."

Brian Arcese

Portfolio Manager & Equity Analyst

Brian Arcese

Brian Arcese

B Arts (Economics), CFA

I am a strong believer in Foord’s focus on investing for the long term and putting investors’ interests first. I have spent the past 18 years investing in well-managed, competitively advantaged firms on a global basis. I am passionate about adding value to investors through the selection of a diversified portfolio of high-quality, global equities with the goal of generating attractive returns without taking excess risk.


"Hard working, intellectually thoughtful and seasoned. This is how I would describe the team at Foord - the team of which I am proud to be part."

Ishreth Hassen

Portfolio Manager & Equity Analyst

Ishreth Hassen

Ishreth Hassen

B Sc (Economics) (Hons)

It is a privilege to be part of a team with a true long-term investment philosophy and a culture centred on identifying quality and value. I am committed to Foord’s continued success, compounding our investors’ capital in the most effective and efficient manner possible.


"Foord has developed a culture of identifying quality and value."

Kavitha Menon

Head of Research

Kavitha Menon

Kavitha Menon

B Engineering (Electronics & Comm.), MBA (Finance), CFA

I consider myself privileged to be part of a high-performing team at Foord. I am a strong believer in Foord’s long term investment philosophy and using my experience as an equity analyst, I aim to identify investment opportunities offering sustainable, long term returns.


"I enjoy the challenge of adding value in a high performing environment."

Jing Cong (JC) Xue

Equity Analyst

Jing Cong (JC) Xue

Jing Cong (JC) Xue

BBM (Finance)

I am a strong believer in the value of long-term investing, finding companies with sustainable moats and buying them at prices that provide margin of safety. At Foord, I am privileged to be working with a group of passionate investors who adopt a similar investment philosophy towards generating alpha. I am also excited to continue growing as an investor and will strive to contribute to the firm’s successful track record.


"Excited to be in an environment with an aligned investment philosophy"

Anjay Kumar

Equity Analyst

Anjay Kumar

Anjay Kumar

B.Sci (Economics), B.Sci (Mechanical Engineering)

I enjoy working in a high performance environment, where the team is driven by serving the clients’ best interest at all times. As a research analyst, over the years I have learnt to identify high quality companies with strong growth potential, solid business model, value creating management and sustainable competitive advantages. I aim to add value at Foord by identifying these high quality companies at attractive prices with favourable long-term risk/returns profile.


“I am honoured to be part of a consistently high-performing team, which places clients’ interest at its core.”

Garth Francis

Equity Analyst

Garth Francis

Garth Francis

B Com, HDip ACC, CA(SA), CAIA, CFA

Joining the Foord family has been a fantastic experience.  I am constantly learning from colleagues who are supportive and knowledgeable. The environment lends itself to independent idea generation and critical thinking. I am proud to contribute to this dynamic team to achieve the goal of being a reliable steward of investor capital.


“Foord supports a culture of independent, critical thinkers.”

Grace Ruddy

Securities Dealer

Grace Ruddy

Grace Ruddy

BA (Hons), M.Sc.

Based in Guernsey, my role at Foord is to execute portfolio trades in the western securities markets for Foord. Having worked in financial services my whole career, I jumped at the opportunity to join Foord where I could develop specialist skills in the area of trade execution. I really enjoy being at the coal face of the investment side of the business where my contribution to Foord’s investors is very obvious through each and every trade.


I really enjoy being part of the coal face of the investment side of the business.

Debbie Yang

Compliance and Operations Manager

Debbie Yang

Debbie Yang

I look forward to be part of a team that is known for being the hallmark of credibility and always acting in the best interests of investors without compromising on regulatory standards and safeguards.

 To contribute to a team that inspires confidence in consumers and regulators.


To contribute to team that inspires confidence in investors and regulators
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