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Industry news

Strate appoints new CEO


11 June 2018 Pretoria
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
The South African Central 厙惇勛圖 Depository (CSD), Strate has appointed Andr矇 Nortj矇 as its new CEO, effective from August this year.

Nortj矇 was most recently COO of Momentum Investments.

Nortj矇 will take over from Maria Vermaas, the head of Strates legal and regulatory division, who was appointed Strates Interim CEO in September 2017.

Nigel Payne, chairman of Strate, said: After a rigorous and comprehensive recruitment process, the board is pleased with the appointment of Andr矇 Nortj矇 and we believe he is the best individual to lead a key financial market infrastructure like Strate.

Commenting on his appointment, Nortj矇 said: Strate is an exceptional organisation that has achieved great accomplishments since its inception, contributing greatly to the development of South Africas financial markets. I am honoured to be at the helm of such an organisation and I am looking forward to working closely with its talented professionals.
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