Liberty Group's CEO Thabo Dloti will be taking over the reigns as the new chairperson of the Association for Savings and Investment South Africa (ASISA) from Johan van Zyl, who resigned after stepping down as Sanlam CEO.
The ASISA represents the majority of the country's asset managers, collective investment scheme management companies, linked investment service providers, multi-managers and life insurance companies.
The ASISA welcomed Dloti. who has been a member of the ASISA board of directors since March 1 2014, as the new chairperson in a statement after he was elected.
The position was left vacant at the end of June following the resignation of Van Zyl who held the position since the launch of ASISA in October 2008.
"Johan’s strategic vision was instrumental in the establishment of ASISA and his leadership guided ASISA for the past six-and-a-half years," said ASISA CEO Leon Campher.
He added that the appointment of Dloti ushers in a new era for the association.
"We now look forward to working with Dloti, who has the respect of his peers and is dedicated to and immensely passionate about this industry."
ASISA thanked Van Zyl for his leadership and also expressed appreciation to deputy chairperson, Rob Dower, the COO of Allan Gray Limited, who has been acting chair for the past two months.
The ASISA board also announced the appointment of two new directors.
Ian Kirk, the new group chief executive of Sanlam Limited and Iolanda Ruggiero, the new managing executive of Nedbank Wealth.