Alternative investment fund manager Absolute Capital has made significant changes to its investment team, with group managing director Deon Joubert picking up the role of chief investment officer on top of his existing duties.
As part of the move he will pass on some duties to former chief financial officer Monty Muhl who will move to the role of chief executive officer.
According to Muhl, the new structure will see the dual-roled Joubert contribute more directly to the investment process as chief investment officer, in addition to his existing role as group managing director.
Muhl will continue to be responsible for finance and all business units, with the exception of the investment and distribution teams, which will report directly to Joubert.
Other changes have seen new full time members signed to the team. New head of structured products Anthony Smit who was closely involved in Absolute Capital’s first structured product has joined, while analyst Andrew Wong who was a part time member of the investment team for the past year has come aboard on a permanent basis.
In an internal move, former Absolute Capital head of product management Albie van Eeden has moved to the position of head of research and risk management.
The team also consists of head of structured debt investments Bill Entwistle and investment analyst Lincoln Valentine.
Joubert says the now six strong investment team will increase the amount of in-house research performed by the group, while also focusing more closely on the group’s product offering.
