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Senior changes at STANLIB Asset Management






Koel retires from STANLIB Asset Management John Koel, Chief Investment Officer of STANLIB Asset Management, is to retire from the investment industry, but will continue to consult to the company for the next year. He steps down as CIO at the end of May. George Brits, Chief Executive Officer of STANLIB Asset Management, paid tribute to the Koel contribution. “John played a key role in the merger between SCMB Asset Management and Liberty Asset Management and has been a major contributor to STANLIB Asset Management’s current success. I wish to thank him for his contribution and his work over many years for the Liberty Group prior to STANLIB’s creation in 2002,” said Brits. Responsibility for the CIO portfolio is being taken by Brits until the appointment of a successor. Fund manager Errol Shear is also to leave STANLIB Asset Management. Brits noted: “Errol served for many years with Liberty Asset Management before the formation of STANLIB and was largely responsible for the management of in-house Liberty funds. We wish Errol well in his new career.”
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