Novare has appointed Romeo Makhubela as the new CEO of Novare Actuaries and Consultants and an executive member of Novare Holdings.

Novare Actuaries and Consultants is an independent advisory business providing investment consulting services to institutional clients throughout Southern Africa.

Makhubela (pictured) assumed his new role on August 1, 2016 and will be responsible for generating growth within the business, driving effective strategy and operational efficiency, managing and retaining key client relationships as well as further developing strong relationships within the industry.

Makhubela joined Novare from All Weather Capital, formerly known as Silk Road Fund Managers, where he held the position of CEO.

He has served as CIO and CEO at a number of highly regarded firms, including holding the position of Chief Investment Officer at Metropolitan Asset Managers; head of Portfolio Management at Momentum Asset Management; and Chief Executive Officer at Vunani Fund Managers.

He holds a B.Com. Degree and postgraduate Diploma in Business Management from the University of the Witwatersrand and was recognised as the Top Black Portfolio Manager in South Africa in 2002 by the Association of Black Securities and Investment Professionals.

Johan Henn, CEO of Novare Holdings, said: “We are fortunate to have acquired such a strong and seasoned business leader with vast experience in asset management, investment management, actuarial solutions and a strong track record within the industry.”