Directors

Directors of Element Investment Managers

Directors of Element Unit Trusts

* Non-executive Director

Founder of Frater Asset Management
(a former operating entity of the firm)

Dr Anwah Nagia

DTech Publ Man (hc)
Chairman

Dr Anwah Nagia is one of Cape Town's foremost anti-Apartheid social activists and the Executive Chairman of Element Investment Managers. He is also the Executive Chairman of Altius Investment Holdings, the Non-Executive Chairman of Cape Town Market and Africa Commodities Group and the Chairman of the District Six Beneficiary and Redevelopment Trust.

In 2005, the Minister of Finance appointed him as Director of the Financial Service Board (Directorate of Market Abuse), with particular responsibility for market abuse on the JSE. This appointment has been extended for a further 3 years to the end of 2011.

He serves on the Senate and Council of the University of Western Cape. He is also the Chairman of various NGO bodies including the Mustadafin Foundation, which is one of the largest relief and feeding schemes in the country feeding approximately 1.2m people per annum. He is the founder member of the District Six Museum foundation and serves as an Executive Member on that board. Dr Nagia has been involved in many contempary and national issues and has spoken and lectured in Sweden, Denmark and United Kingdom on the Built Environment and related social issues. In 2004 Dr Nagia received an Honouree Doctorate together with the National Minister of Education Mrs Naledi Pandor in recognition for their work involving community and technology. In the late 80's he was responsible for setting up learnerships for adult basic education in the clothing factories. In the mid 90's he was the Deputy Chairman of the Western Cape Nursing Council of South Africa and has been involved in the protection of Woodstock and Somerset Hospital for the continued use of those facilities for the communities.

Terence Craig

B Bus Sc (Hons), CA (SA), CFA 
Chief Investment Officer

Terence Craig

B Bus Sc (Hons), CA (SA), CFA

Director and Chief Investment Officer

Terence joined Element Investment Managers in 2001 and was appointed as a Director and Chief Investment Officer. He has worked in financial services since 1991. Prior to joining Element Investment Managers, Terence qualified as a CA (SA) after completing his articles with Ernst & Young and then worked at Allan Gray Ltd as an equity analyst and portfolio manager after which he became a director of Taita, a private equity firm.

Terence has been responsible for developing and documenting Element Investment Managers' investment philosophy and investment process (including the incorporation of Responsible Investment principles as an integral part of this process) and growing the investment team since joining the firm in 2001.

At the University of Cape Town he was awarded:

  • Standard Bank Scholarship, Entrance Merit Scholarship, was on the Dean's Merit List and was awarded the class medals for Applied Business Statistics II and for Business Finance II (his Business Science special field).

Ian Jones

B Bus Sc (Hons), FIA 
Chief Operating Officer

Ian Jones has been with Element Investment Managers since June 2008 and was appointed as Director in November 2008. He brings with him a wealth of financial services experience having been in the industry for thirteen years, five years of which were spent in Australia. Ian's most recent role was heading up Pricing and Profitability for Retail Products at MLC, a large wealth manager in Australia. He has a B Bus Sci (Hons) degree from UCT and is a Qualified Actuary.

Yunus Mohamed

B Proc (UDW), Dip. in PFP (UNISA) 
Non-Executive

Yunus is an attorney and practiced law for ten years before entering the private sector and pursuing theological studies. He has graduated with a degree in Shari'ah financial markets, and has recently been awarded a Certificate in Islamic Studies. He is actively involved in various community projects within the Islamic community. Yunus was appointed to the Element Investment Managers' board in 2002.

Lulamile Xate

B Compt (UNISA), PG Dip Company Direction (GIMT) | PG Dip in Energy Studies (Murdoch University)     
Non-Executive

Lulamile worked for Price Waterhouse until 1993. After that he pursued an entrepreneurial career spanning various private equity disciplines including his own consulting business, involvement in the fishing and timber industries, financial services and alternative energy sources. Lulamile serves on various boards and has helped Government shape draft policies on empowerment.

He is a former Robben Island prisoner and is a key member of the ex-prisoners' association. Lulamile was appointed to the Element Investment Managers' board in 2003.

Jayendra Naidoo

Non-Executive

Jayendra Naidoo is the co-founder of the J&J Group and Executive Chairman.  Between 1981 and 1994 Jayendra was a Trade Union leader, serving as the national Negotiations Co-ordinator for the Congress of SA Trade Unions ("COSATU") between 1992 and 1994. He led the ANC Alliance team in 1991 in negotiating the National Peace Accord the forerunner of the country's constitutional negotiating process. He was a leading member of the various multi-party peace initiatives that COSATU was involved in, such as the Natal Joint Working Committee in 1985, the National Peace Committee in 1991 and the National Peace Secretariat in 1992. As COSATU Negotiations Co-ordinator he was responsible for the establishment of the National Economic Forum ("NEF") in 1992, the country's first-ever tripartite forum for socio economic matters.

Between 1995 and 1998 Jayendra became the first Executive Director of the National Economic Development and Labour Council (NEDLAC). He participated in several government related initiatives, including the selection panel appointed by President Mandela to shortlist members to serve on the Truth and Reconciliation Commission. Since 2000, he has been the CEO of the J&J Group.

James Frater

MA (Cantab), PGDA (UCT), CA (SA)

James was Managing Director and co-founder of Frater Asset Management. After graduating at Cambridge in 1987, James did the Conversion Course in Accounting at UCT. He joined Deloitte & Touche to do his articles in 1990 and qualified as a chartered accountant in 1992. He then worked at Allan Gray Ltd as an equity analyst and portfolio manager until 1996. After leaving Allan Gray, he was a director and portfolio manager at Oasis Asset Management, which he left in 1998. Sadly, James passed away on the 5th May 2006. James had a brilliant mind and profound investment insight and he never hesitated to transfer his knowledge and vision to others.

 

We were the first south african investment manager to sign the United Nations Principles for Responsible Investment