The Think Tank!

Executive Team

Bobby Rakhit, CFA 

Specialty :  Sales Distribution, Capital Raising and Wealth Management

Dr Costas Stephanou, CFA

Specialty : Quantitative Analysis, Wealth Management and Asset Management

Jag Singh

Specialty : Operations and Distribution

Chris Grune, CFA

Specialty : Quantitative Analysis, Wealth Management and Asset Management

Advisory Board

Melissa Cook

Specialty :  Africa
.
Melissa Cook was appointed to the President’s Advisory Council on Doing Business in Africa in November, 2014. The PAC-DBIA includes fifteen senior executives, investors, and experts from a broad spectrum of American business. The PAC-DBIA will, through the Secretary of Commerce, advise President Obama on how to expand US corporate and institutional investment activity on the continent.
Ms. Cook has over 25 years of global research experience—including a front-row seat watching the emergence of new economies in Eastern Europe and China. She covered entertainment, broadcasting, housing and building materials, capital goods, and consumer companies as an equity analyst at Drexel Burnham, Prudential Securities, and CLSA/Crédit Agricole. At CLSA, Ms. Cook was the Head of AsiaUSA Strategy, where she analyzed the impact of China’s rise on multinational companies and global markets, as well as China’s strategy for developing new markets. She was a Managing Director and Head of Global Research at Lazard Asset Management.
Ms. Cook has an A.B. degree in History from Dartmouth College and an M.B.A. in Finance from the Stern School of Business at New York University. She is a CFA charterholder and holds FINRA Series 7, 16, 24, 63, 86, and 87 licenses.
.
.
.
.
.
.
.
.
.

Gary Dugan 

Specialty:  Corporate Pension Plans, Strategy, Wealth Management and Asset Management
.
Gary is an investment professional with 33 years of experience on both the buy and sell side of the banking businesses. He has managed numerous strongly performing investment and advisory teams in large banks in Europe and more recently in Asia and the Middle East. He has also built businesses from scratch and successfully restructured businesses with strong links in Asia, particularly Singapore where he managed money for the GIC, Hong Kong Jockey Club and Brunei government.
The core of his career was 11 years at JPMorgan where he was Managing Director.  On the sell side Gary worked as strategist at JPMorgan and Baring Securities. On the buy side he worked for asset management firms (e.g. JPMorgan) and private banks (Barclays, Merrill Lynch, and Coutts).
Gary has a reputation for making bold calls on the markets for example he made major bear calls on equity markets in 1987, at the top of the tech boom and the financial crisis in August 2007, and a bull call on equity markets on March 17th 2009.
He also has a high profile with the media regularly appearing in the printed press and on TV. He often speaks at conferences and provides industry thought leadership on a number of macro and investment topics.  In the past he made a presentation to the European Parliament on the outlook for asset markets after the introduction of the euro.
.
.
.
.
.
.
.
.
.

Kenneth Kaniu, CFA

Specialty:  Corporate Pension Plans, Strategy, Wealth Management and Asset Management
.
Ken is the Chief Executive Officer, Britam Asset Managers (Kenya) Limited.
His role at the company is to provide leadership in executing the business strategy for the asset management business to ensure that the company maintains market leadership across a broad spectrum.
He has a wealth of asset management experience from various companies including STANLIB Kenya Limited where in his last posting he was the Chief Investment Officer for East Africa responsible for the investment business in Kenya, Uganda, Tanzania and South Sudan. Prior to STANLIB, Kenneth worked in the Asset Management business at Allianz SE in Munich, Germany where he spent time in the portfolio implementation, investment risk management and Pan European equity research teams. Kenneth also has some banking experience after a brief stint with Commercial Bank of Africa Limited in Kenya.
He holds a Bachelor of Science Degree in Business Administration from USIU-Africa, and an MBA from Strathmore Business. He serves as a Director at the Kenya Bond Market Association and the AIESEC Kenya National Board of Advisors.
.
..
.
.
.
.
.
.

Elias Masilela

Executive Chairman
.
Elias Masilela (a 2007 Top 40 list, Alan Paton nominee) holds a Bachelor of Arts degree in Social Sciences (Economics and Statistics) from the University of Swaziland (UNISWA) which he received in 1986. He also holds a Master of Sciences in Economic Policy and Analysis with a specialisation in Money, Banking and International Economics from the Addis Ababa University (A.A.U.), received in 1995.
He also underwent training with the Harvard University, on Macroeconomic Policy and Management as well as Global Financial System: Structure, Crisis and Reform, in 1998 and 2001, respectively.
Elias is the Executive Chairman of the formidable economic consulting outfit, DNA Economics, which has been in existence for over ten years. He is the Chairman of the V&A Waterfront, a member of the Board of Multichoice South Africa as well as Commissioner of the 1st & 2nd member of the NPC. He is also a member of the boards of ABSA Asset Management and Kalafong Hospital, in Pretoria.
Elias Masilela has an impressive professional history, characterised by a deepness of understanding of the policy environment, grounded in sectoral and international matters. He has lectured and written widely. He comments widely in the media on savings and retirement related matters. One of his latest writings has literally re-written the history of the Kingdom of Swaziland and provided an entirely new and interesting perspective to South Africa’s liberation.
He authored a book that has enjoyed the biggest acceptance and launch both in South Africa and Swaziland, outside of the economic and economic policy circles. The Deputy President of the ANC, King Mswati III and Prime Minister of Swaziland attended the launch. The book was launched in June of 2007 with the title “Number 43 Trelawney Park; kwaMagogo”. It covers the activities of the ANC in Swaziland, from a house that stands out as one of the key bases of the organisation, outside of South Africa.
The book, despite it being the first production of this nature by Elias, was nominated for the much coveted Alan Paton Award for 2007. In November of 2009, the book was amongst a few select titles identified to represent South Africa at the London Book Fair Market Focus in April 2010.
In June 2015 he published a historic coffee table book, celebrating 50 years of the existence of Number 43 in Swaziland, now a monument.
Given his long history with the Kingdom of Swaziland, he founded and convened a network of professionals across the globe with a deep interest in that country, but mostly concentrated in South Africa and the continent. The network is called Friends of Swaziland and enjoys more than 10 years of existence, after having been founded in 1998.
In March 2012, he was appointed onto the Board of the UN Global Compact, by the Secretary General of the United Nations, Ban Ki Mun. He held this responsibility till June 2015. For a period that overlaps this with a year, he was the Chairman of the South African UNGC Local Network.
On the 8th of December, 2010, Elias Masilela was appointed by the President of South Africa (Jacob G Zuma) to the position of CEO, of the Public Investment Corporation (PIC), effective the 1st of February 2011. This is the largest asset manager on the continent of Africa, managing over R1.5 trillion of assets.
His employment relationship with the PIC came to an end on the 30th of June 2014. Whilst there, he revolutionised the investment thesis and process of the PIC, to prioritise developmental investing for South Africa and the rest of the African continent. This is now one of the key global considerations, which come into policy and investment vogue in the past three years in office. He left an institution that is a global leader in investing not only for commercial performance but also for influencing long term economic growth and performance, both in South Africa and the rest of the emerging world. Many asset managers and policy makers, across the globe are drawing from the experience and trend recorded in the PIC.
He assumed this role after being the Head of Policy Analysis at Sanlam, a role that involved advising that Group, on matters of policy, legislation, sectoral developments and compliance. He joined Sanlam in July of 2005, as its Stakeholder Strategy Head, following his role in the National Treasury as the leader of the social security and retirement reform programme. This remains the biggest policy and legislative change that South Africa is faced with, since that country’s constitution.
He went on to set up a new unit in Sanlam, as Head of Sustainability Management. A responsibility he held for the greater part of 2009.
Having been the architect of pension reform in South Africa, which is seen to be rolling out as originally envisaged, Elias played an instrumental role in advising and crafting the role and participation of the private sector in the envisaged new dispensation. He was the lead negotiator on behalf of BUSA at NEDLAC with regard to matters relating to social security and retirement reform, in particular, and financial sector developments in general. He was BUSA’s representative to NEDLAC’s Public Finance and Monetary Policy Chamber as well as its Manco.
On the 30th of April 2010, he was appointed by the President of South Africa, President Jacob Zuma, as one of 24 commissioners of the First National Planning Commission (NPC), tasked with producing a national development plan and the development of a vision statement for the country. In September 2015 he was appointed onto the Second Commission, for a further 5 years.
In May of 2008, he was appointed by President Thabo Mbeki to the Board of the South African Reserve Bank (SARB). In August of 2008, he was appointed by the Minister of Finance, Trevor Manuel, to the Board of the Government Employee Pension Fund (GEPF), the largest pension fund on the continent and the sixth largest in the world. He had to resign both these roles, on joining the PIC, effectively 30 January 2011.
Before joining Sanlam, Elias was the Acting Deputy Director General responsible of Economic Policy, which covered areas of Macroeconomic modelling, forecasting and analysis, Microeconomic analysis and policy, Tax policy, Trade policy, Financial Sector regulation and monitoring as well as International Relations with multilateral bodies, such as the World Bank, IMF, OECD, SADC and the CMA.
His career in the National Treasury started in 1998 where he served as Director for Macroeconomic Policy (Real Sector) at the South African Department of Finance and successively as Acting Chief Director Macroeconomic Policy till 2000. From January 2001, he was made Chief Director of Macroeconomic Policy and headed a broad range of processes around policy formulation and implementation in South Africa. He also coordinated economic policy research for the Macroeconomic Policy unit. He acted as the Deputy Director General for Economic Policy from February 2004 up until 30 June 2005.
Whilst there, he represented the National Treasury at NEDLAC and on the Policy Advisory Board as the Deputy Chairperson and Financial Markets Advisory Board to the Minister of Finance. He was Government Convenor and Chair of the Public Finance and Monetary Policy Chamber in NEDLAC (1998 – 30 June 2005). In the last responsibility, he had been instrumental in the development of South Africa’s financial sector reform programme. He represented Government in the implementation of the financial sector charter, a direct consequence of the financial sector reform programme. He is one of the founding members of the Financial Sector Charter Council and was its interim and inaugural chairman.
Before leaving the Treasury, he held the position of Deputy Chair of the Policy Board, an advisory body to the Minister of Finance, on financial market issues. He has been behind the change in the architecture of many of the developments that have taken place in the South African economy (and the wider SADC region).
Elias commenced his career at the Central Bank of Swaziland in 1986 as a Public Finance and External Debt Research Specialist. In 1988 he was appointed as a Balance of Payments Research Specialist/Senior Economist. He specialised in the analysis of Swaziland’s balance of payments performance and monitored both domestic and external developments and their impact on that country’s balance of payments as well as advised the government and the Bank accordingly.
In 1997, he ascended to the position of Head of Research at the Central Bank of Swaziland.
He has also lectured widely, at the Swaziland Institute of Management and Public Administration (SIMPA), at the University of Swaziland (UNISWA), Macroeconomic and Financial Management Institute (MEFMI) in Harare and the University of Pretoria. He has also served as a Consultant to the World Bank, Ministry of Housing and Urban Development in Swaziland; the Southern African Development Community (SADC); Finance and Investment Sector Unit (FISCU) as well as the Macroeconomic and Financial Management Institute (MEFMI) in Harare.
Mr. Masilela is also a Former Secretary to the Economics Association of Swaziland (ECAS) (1988 – 1998), and to the Trelawney Park Ratepayers Association (TRARA), for about the same period.
He served on the Council of the Economics Society of South Africa (ESSA) till 2007 and has held the post of Vice President for one term, which ended in 2005. He also served on the Advisory Board of the Bureau of Economic Policy and Analysis (BEPA) the research unit of the University of Pretoria and the Advisory board of the Faculty of Economic and Management Sciences, also of the University of Pretoria – till May 2008.
In June of 2006, he was elected to Chair the Board of the South African Savings Institute (SASI) up until March 2010, responsible for promoting the culture of saving in South Africa. He also holds Board memberships in Ingagaru Property Investments, Number 43 Trelawney Park; kwaMagogo Legacy Project, Economic Research Southern Africa (ERSA) as Chairman, Development Network Africa (DNA) as well as the Institute of Retirement Funds (IRF).
He has written and published widely, as per the following list. He also continues to lead in the production of thought-pieces for South Africa’s media, mainly press and electronic.

Amer Khansaheb, CFA
.

Amer Abdulaziz Khansaheb is the President of the CFA Society Emirates. He is the Managing Director of Khansaheb Investment, a UAE Family Business with investments in Construction, Infrastructure, Real Estate, Healthcare and Leisure. His expertise includes Real Estate Development, Construction Management, Financial Analysis, and Business Management. Amer graduated from the American University of Beirut with a degree in Civil & Environmental Engineering in 2005. In 2009, he received his MSc in Project Management from the British University in Dubai. He has been a CFA Charterholder since 2010.
.
.
.
.
.
.
.
.
.
.
.
.

.

Andia Laura Chakava

Specialty:  Capital Raising, Strategy, Wealth Management and Asset Management
.
Currently an independent investment professional with over 14 years experience. Is passionate about facilitating both foreign and intra Africa investment in the continent, increasing financial literacy through investor education and promoting gender lens investing. She is the cofounder of Alpha Africa Asset Managers a fund manager registered in Kenya, Rwanda and Mauritius.
She has also been the Managing Director of Old Mutual Investment Group (OMIG) responsible for assets under management of USD 1 billion. She was the youngest female Managing director of a non-family business in Kenya in 2008 at age 30 and one of the first female fund managers in the region.
Ms. Chakava is currently a non-executive director of East Africa Educational Publishers – the largest indigenous publishing house in Sub Saharan Africa, a non-executive director of Kenya Women Holding the largest microfinance institution in Africa. She was a winner of ‘Most Influential Women in Africa 2014’ –Category Financial Services by CEO Magazine. She was also recognized as one of the ‘50 People to Watch in Africa ‘ by Africa Report September 2014 issue.
She is the current Kenya Chapter chair of New Faces New Voices a Pan African Network founded by Mama Graca Machel. She is a graduate of York University in Toronto where she obtained an honours degree in Economics and she has a Master of Business Administration degree with merit from Cass Business School London.
.
.
.
.
.
.
.
.

Liston Frank Meintjes

Specialty:  Corporate Pension Plans, Strategy, Wealth Management and Asset Management
.
Liston Meintjes brings both an academic and a highly experienced practitioner’s approach to asset management. He has a Master’s degree in Mathematical Statistics from UCT and has lectured at the University of Natal and the Graduate School of Business at UCT.
After qualifying as an actuary, he joined the Investments Division at the Old Mutual where he became Manager (Investments Technology) before he left to start Foord & Meintjes, then a small asset manager. He worked in New Zealand, both Auckland and Wellington, before returning to South Africa, to work as Chief Investment Officer, first at Plexus, then Tri-Linear and Metropolitan Asset Managers. He is now Head of Investments at Sasfin Asset Managers. He served on the then JSE-Actuaries index committee, IMASA (that is now part of ASISA) and the Actuarial Society of South Africa sub-committee on Prudential Investment Guidelines.  He has been a Trustee of a retirement fund.
He has been labelled a ‘Deep value’ investor but he considers himself strong on asset allocation based on a combination of fundamentals and valuations.  He is also well known in the industry, for the many presentations he has given, the large number of colleagues he has worked with and interacted with over the years.  He is also well known to the public through regular radio and TV appearances.
.
.
.
.
.
.
.
.
.

Brian James Luck, MBA, ASIP 

Specialty:  Corporate Pension Plans, Strategy, Wealth Management and Asset Management
.
Brian is an experienced investment manager with strong qualifications and deep GCC experience. He has held senior positions in banks (National Bank of Kuwait, Bank of Tokyo, JP Morgan), investment firms (Asiya Investments, Edinburgh Fund Managers), family offices (The Capital Partnership) and institutional investment institutions (Kuwait Petroleum Corp.) both in the GCC and in the UK. He has practitioner experience of portfolio management, risk management, manager selection (both traditional and alternative), trading, and product development & marketing.
Brian has managed staff, managed investment portfolios and marketed investment products to run and grow businesses across multiple levels of the investment management value chain and in different jurisdictions.  He has designed, set up, and managed several innovative programs to provide alternative income sources to GCC investors where demand is significant but supply remains an area where specialist expertise, leadership and vision are required.
In addition to his institutional work, Brian also has significant experience of working with families in the GCC, setting up and growing their family offices and he continues to serve as an independent director on several fund boards, trusts and investment firms for the families he has worked with. He has also lectured on a number of investment courses including those for the CFA program.
.
.
.
.
.
.
.
.

Paul Forsyth

Specialty:  Fund Raising, Strategy, Wealth Management and Asset Management
.
Paul is the Managing Partner of UK based Apache Partners LLP. He has a wealth of experience, extending to over 35 years, in the finance and asset management industry. He is recognized as one of the pioneers of the modern multi-manager industry. Apache Partners LLP has developed the Apache Global Frontiers Fund that focuses on genuine frontier stock markets, drawing on two years of intensive research. It aims to identify the finest fund managers operating in the frontier market space.
Prior to Apache Partners, Paul was the founder of the Forsyth Partners Group that managed assets of almost USD 1.7 billion in multi manager portfolios across all asset classes. Previously, Paul had been MD of Fidelity in Jersey after having spent three years in Fidelity’s London unit. Paul also spent four years at Rothschild in London having earlier qualified as a Chartered Accountant with Price Waterhouse.
He regularly chairs and presents at investment conferences and has appeared frequently on CNBC, local TV and radio.
.
.
.
.
.
.
.
.
.
.
.

Gareth Witten, PhD, Advisory Board

Specialty:  Quantitative Analysis, Wealth Management and Asset Management
.
As Director and Founder of Uthango Impact Capital, Gareth invests follows a value-based approach to alternative investments, in particular private equity, across ESG themes in South Africa and the rest of Africa. He is also the Director and Founder of a Strategy Consulting company, Industry Science Solutions, that provides cutting-edge statistical, mathematical, and computational tools and methodologies for competitive and strategic decision analysis.
Industry Science Solutions is a multifaceted firm, offering a wide range of services to corporate and government agencies where its primary mission is strategy, supporting clients in crucial business decisions using powerful analytical and simulation techniques. In addition, Gareth holds several adjunct professorship positions at various business schools globally and is currently involved in developing entrepreneurial think-tank centres in the US, South Africa and Peru.
.
.
.
.
.
.
.
.
.
.
.
.

Christian Franzelin

Specialty: Marketing and Brand Management
.
Christian has more than twenty years of executive experience in the positioning and marketing of companies in a wide range of industries across the globe. For more than ten years he served as Managing Director and Executive Board member of one of the Concept Group, then one of largestadvertising & marketing firms in the UAE, where he serviced clients such as SAP, Lundbeck and Emirates Post.
He feels at home in both established blue chip and entrepreneurial start-up environments, and can build, develop and manage businesses alongside complex and multifaceted marketing campaigns. His analytical focus on financials and customer response help to ensure the highest ROI of marketing expenditure.
His expertise extends to traditional advertising as well as digital marketing platforms. He has planned and overseen coordinated international campaigns in the Middle East, South Asia and the fast growing economic centers of East and West Africa, including Nigeria, Angola, Kenya and Tanzania.
His recent work includes the development and introduction of a FMCG, including the set-up and management of a distribution network of over 3,500 outlets in the UAE; the branding and positioning of a group of small luxury hotels; overseeing the development plan of a private Island as a super high-end destination, and re-strategizing the entire marketing approach of a renowned UK-based international provider of higher education.
.
.
.
.
.
.
.
.
Inside Consulting Partners

Helping technology and financial services companies access the Middle East, Africa and Asia.

Follow Us
 

© 2019 Inside Consulting LLC, All Rights Reserved