Fresh information has surfaced that Stanlib Botswana, a registered investment manager, have parted ways with Managing Director, Moipone Lopang.
Media speculation was rife that Lopang was shown the door as a result of job performance problems. The Telegraph has turned up information which suggests that Lopang has been temporarily replaced by Head of Business Development Thabo Moipolai.
STANLIB, the parent company, is one of Africa’s leading asset managers headquartered in South Africa, with assets under management and administration in excess of over 500 000 retail and institutional clients across the African continent and more than a 1400 years collective experience in the investment team.
Lopang joined STANLIB in March 2013 as the Managing Director and was responsible for providing overall strategic direction for the business as well as managing stakeholder expectations. She possesses over 15 years financial services/asset management experience, obtained in Botswana and South Africa.
Prior to joining STANLIB, Lopang worked for seven years at Botswana Insurance Fund Management (BIFM) serving in different positions including Head of Research, Portfolio Manager for Offshore Equities and Chief of Client Relations. Prior to that, she was based in South Africa where she worked in various organisations being Actis, an emerging markets private equity firm, Investec, UBS and JP Morgan.
The current Acting Managing Director joined STANLIB in 2005 as Broker Consultant, a position he held until 2007. He then became Head of Business Development in 2008 and his responsibilities included amongst others managing Business Development Consultants (and brokers), meeting sales and assets under management targets, distribution and channel engagement activity. Prior to joining STANLIB, he was a Sales Communication Consultant for Mortgage and Funeral Agency.
The company’s clients are said to be mainly institutional and corporate investors with short-term cash management and medium-to-long term investment needs. The retail clients comprise of individual investors, high net-worth individuals, clubs, small business associations, and community cooperatives.