African Alliance Botswana, the asset management company, has appointed Makhula Rasebotsa as its new CEO. His appointment comes only a few months after former CEO Don Gaetsaloe resigned from his post after 9 years at the helm.
Rasebotsa has more than 17 years experience within the banking, investment advisory and employee benefits industries from Zambia and Botswana. Of those years, he spent 8 years at Barclays Africa and Barclays Bank. Prior to joining African Alliance Botswana, the new CEO held the role of General Manager at JCDecaux Botswana.
Rasebotsa expressed happiness over the appointment saying: “I am very excited and honoured to have been chosen to lead an experienced team of investment managers and administrators in a company that has operated in the country for close to 20 years and was the first to be given an investment management licence under the former IFSC.”
Gaetsaloe’s predecessor played a major role in developing the 14 year old Asset Management firm. The company was one of the first companies in Botswana to have been certified as an international financial services house by the then International Financial Services Council (IFSC) before it was merged with Botswana Export Development and Investment Authority (BEDIA) into Botswana Investment and Trade Centre (BITC).
African Alliance Group offers asset management, corporate advisory, private equity and third party administration services in over 12 countries across Africa. In 2008, the African Alliance Group launched its new stock broking division ÔÇô African Alliance Botswana Securities, which is a full member of the Botswana Stock Exchange and the fourth licensed stock broking firm in Botswana.