Coronation Fund Managers Botswana has appointed Sean Rasebotsa as Managing Director. Prior to joining Coronation, Rasebotsa was chief executive officer at Glenrand MIB (Botswana) (Pty) Ltd from February 2009 to present.
Coronation group chief executive officer, Anton Pillay, said Rasebotsa has 16 years experience in the Botswana financial services industry, “which will greatly benefit the business and help build our brand as a trusted manager of long-term savings in Botswana.”
Rasebotsa started his career at Aon Botswana (formerly Associated Insurance Brokers) and
subsequently moved into banking, first at First National Bank of Botswana Ltd as a Branch Manager then with the Corporate Banking division of Stanbic Bank Botswana as an Account Executive. In 2001, he joined Barclays Bank of Botswana Limited during which time he was seconded to South Africa and Zambia, respectively. In 2007 he returned to Botswana as the bank?s first citizen risk director in its more than 50-year history in the country.
Coronation Fund Managers (Botswana) (Pty) Limited is owned by Johannesburg Stock Exchange listed Coronation Fund Managers (51 percent), Botswana staff (25 percent), a citizen trust (9 percent) and Club m10 (15 percent), a group of Batswana female business professionals involved in different aspects of the Botswana economy.
Since March 2005, Coronation Botswana has provided institutional clients with investment products tailored to meet the needs of the majority of investors, both locally and internationally. Now we are also able to offer such products to retail clients. Our aim is to become the leading provider of asset management services to the Botswana savings and investment markets. As at 30 June 2013, Coronation’s balanced portfolios ranked 1st in the respective Alexander Forbes Large and Small Asset Watch surveys over 1,3 and 5 years.
“The role of the holding company (Coronation Fund Managers) in achieving this goal is to train and develop our investment staff as well as to provide technical and marketing support. Coronation Botswana is staffed and managed by Botswana citizens, supported by Coronation’s network of diverse and specialist resources in Cape Town and London.”
Coronation Fund Managers (Botswana) (Pty) Ltd is registered and authorised by the Non-Bank Financial Institutions Regulatory Authority of Botswana.