Directors

Our Directors

Executive Director

Carol Axten

profile

Carol holds a BCom degree in Economics and a postgraduate degree in Marketing. After graduating, she spent two years in London, gaining valuable international exposure at two leading merchant banks. On returning to South Africa, Carol furthered her career in wealth management at HSBC and Standard Private Bank. She completed her Certified Financial Planning (CFP®) certification in 2000.

In 2009, Carol joined Citadel Asset Management and then moved on to Definitive Capital Management, a boutique asset management firm focused exclusively on private clients, before joining WellsFaber in 2014.

Executive Director

Ray Faber

profile

Ray has spent his entire career in the financial services industry, starting at Barclays Bank in 1974. His banking career included all aspects of commercial and personal banking. In 1982, Ray joined National Acceptances as a money market and bond trader. In 1985, he and four colleagues left to form National Finance Brokers (NFB) Ltd, a national financial advisory services brokerage. Wishing to concentrate on his local clients, Ray bought the Western Cape office of NFB from his partners in 1987 and formed WellsFaber.

Chairman

Professor JD (Niel) Krige

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Professor Krige has 30 years’ experience in the life insurance and asset management industries. He was Managing Director of Momentum Life from 1988 to 1994, Deputy Chairman of the Momentum Group from 1995 to 2003, and Chairman of the Life Offices Association from 2001 to 2002.

His current positions include:

  • Professor, Stellenbosch University
  • Director, MMI Holdings
  • Director, MMI Investments
  • Chairman of the Board of Trustees, Denel Retirement Fund
  • Chairman of the Investment Committee, Stellenbosch University Retirement Fund
  • Member of the Investment Committee, Stellenbosch University

Non-Executive Director

Yaseen Ismail

profile

Yaseen is a partner in the audit, tax and advisory practice of Mazars. He is responsible for Accounting and Outsourced Services, based in the Cape Town Office.  He has more than 20 years of experience within the auditing profession.

 

Yaseen also served as Financial Manager to Spoornet, a division of Transnet, a state-owned freight and Logistics company prior to practicing as a Registered Accountant and Auditor.  He has also been involved extensively in performing audit work on behalf of the Auditor General as well as serving as audit committee member on the Governance and Assurance cluster for the Department of the Premier.  He is a past member of IRBA’s Education as well as SAICA’s Public Sector Committees. Yaseen is also a Certified Forensic Examiner.

Non-Executive Director

Ian Morris

profile

Ian emigrated to South Africa from England in 1982, after starting his actuarial career with Duncan C Fraser in Liverpool.

He qualified as an actuary in 1983 and worked as a fund manager for Norwich Life until 1988 when he was appointed as group actuary at Investec Bank. In 1992, Ian formed his own actuarial consultancy and purchased joint control of WellsFaber in 1997.

Non-Executive Director

Michelle Olckers

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Michelle has been a managing partner of Mazars Cape Town since 2010. She also serves on Mazars South Africa’s National Board and Executive Committee. Michelle currently heads up the owner-managed business division of Mazars South Africa.

Non-Executive Director

Danny Naidoo

profile

Danny joined Mazars in 2012 as an external Audit Partner. He is also responsible for the Cape Town Internal Audit and HR Advisory division. Danny serves on the Cape Town Executive committee of Mazars and on the National Mazars Board. He is also an Audit Committee member of Wesgro and the Saldanha Bay IDZ.

Non-Executive Director

Jan van Niekerk

profile

Jan has almost 20 years’ experience as an investor and businessman. He previously served as the chief investment officer of Citadel, a South African private client wealth manager with a broad international reach, after which he became CEO of Peregrine Holdings, a JSE-listed financial services firm. Jan joined RECM in 2013 as an analyst, shareholder and CEO.

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