Novare Holdings, a diversified African financial services group, has announced new appointments at two of its subsidiaries, Novare Capital and Novare Wealth.

Novare Capital, a facilitator of product solutions, has appointed Jateel Harakhchand as Risk Manager.

He holds degrees in biomedical and electrical engineering from the University of the Witwatersrand, and started his career in 2011 at Rand Merchant Bank as a business analyst in the reporting and data analytics team.

Harakhchand joined Deloitte as a senior consultant in January 2013, involved in the implementation of regulatory frameworks, the evaluation of credit and market risk models, group capital management, stress testing and the analysis of anomalies in front and back office applications.

He joined Novare Capital in November 2014 with responsibility for operational risk management across the business.

Also at Novare capital, Michael Lambrecht has been appointed Client Services Manager.

Lambrecht joined Advantage Asset Managers as investment pricing administrator in 2003.

He joined Alfinanz in 2007 as life investment pricing administrator, and when Alfinanz was subsequently acquired by PSG and in 2012 he was promoted to manager.

Novare Wealth, which provides financial advice to institutional clients as well as post retirement solutions, has appointed Pat Magadla as Retail Business Development Manager.

Magadla holds a BCom (Information Systems and Management) degree and is a certified financial planner (CFP).

She started her career in 2002 at Liberty Life before joining FNB Trust Services in 2005.

She joined BoE Private Clients as business development manager in 2007 and was responsible for the wealth management division’s new business in the high net worth market segment.

Magadla worked at pan-African law firm Bowman Gilfillan as business development consultant and, in 2010, she joined Momentum Investment Consulting as business development manager for local and offshore fund solutions.

She joined Stanlib Asset Management in 2012 as business development manager, marketing retail funds in the IFA market.