Rezco Appoints New Director

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PageLines- bernie-nackan.jpgWe are delighted to advise you that financial services stalwart, Bernie Nackan, has been appointed to the board of Rezco Collective Investments, manager of the Rezco unit trusts.

Bernie has most recently acted in a consulting capacity to Rezco. He joins Rob Spanjaard, Peter Du Toit Ron Cape and I, on the Board as a non-executive director.

Bernie, who started his career as financial editor at the Rand Daily Mail, brings a wealth of experience gained over more than 40 years in a senior executive capacity in the financial services industry, and particularly in the unit trust field. In 2003 he retired after 30 years as a director of the Sage Group and managing director of its unit trust division. During that time Sage innovated many of the pioneering concepts in the SA industry.

He served for many years as a director and chairman of the Association of Unit Trusts (now ASISA) and was intimately involved in all aspects of legislation and regulation in the industry. He also served on the committee that deregulated the stock exchange and on the teams that formulated the Financial Services Charter, and introduced money market funds to South Africa.

He is a member of the Collective Investment Schemes Advisory Committee appointed by the Minister of Finance and is currently also a director of Redefine Properties, a listed property loan stock company, and its international arm, Redefine International Properties Limited.

We welcome Bernie to the board and the continued support and knowledge he will bring to our board.