Africa’s Biggest Fund Manager Needs CEO for $150 Billion Assets
South Africa’s main manager of government-worker pensions is facing its second new year in a row without a chief executive officer as the board struggles to identify a suitable custodian of its $150 billion of assets.
The state-owned Public Investment Corp. has been without a permanent leader since Daniel Matjila was ousted in November 2018, with two consecutive acting heads running Africa’s biggest fund manager in the meantime. Reuel Khoza, the PIC’s first non-government affiliated chairman, said in July a new CEO should be named in three to six months.
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