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FOORD IN BRIEF

Prakash Desai joined Foord Singapore as Chief Executive Officer on a five-year plan in late 2012, not long after the Foord Global Equity Fund was launched. He was instrumental in establishing Foord’s global footprint, having achieved several significant administrative milestones during his short executive tenure. He afforded us an extra year’s grace and this month Prakash retires from an executive role. He will, pleasingly, continue to add value to the respective boards as a non-executive director.

One of Prakash’s key responsibilities was to source and mentor a successor. Agnes Cai was his excellent choice in 2014. We are pleased to announce that the Monetary Authority of Singapore has approved her to succeed Prakash as CEO on 1 October 2018.

We welcomed Debbie Yang in September to succeed Agnes as compliance and operations manager. Debbie joins us from RBC Singapore and holds a Bachelor of Accounting and Finance from the University of London.

On the home front, we welcome investment analyst Pravarshan Murugasen back to Foord after a sabbatical to complete his MBA at Oxford University. Finally, Irfaan Abbas joins Foord’s trainee analyst programme. He completed a Bachelor of Business Science (Hons) degree and Post-graduate Diploma in Accounting at UCT, before qualifying as a chartered accountant after his traineeship at PWC.

Singapore leadership

MEET THE TEAM

Foord’s annual Meet the Team roadshow will take place between 12 and 16 November in Durban, Johannesburg and Cape Town. This has become a popular event and provides investors with the opportunity to meet members of the Foord executive, investment and unit trust teams. Qualifying investors who reside in these regional centres will receive invitations. However, investors who reside outside these major centres and would like to attend one of these events can contact Arlene Thompson on unittrusts@foord.co.za or 021 532 6969.

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