The Southern African Venture Capital and Private Equity Association (SAVCA) has announced the appointments of three new members to its board of directors, bringing to 13 the total number of its directors.
The new directors – Paul Boynton, Cathy Goddard and Yvonne Maitin – are experienced, senior professionals at private equity managers based in Southern Africa.
Paul Boynton is the CEO of Old Mutual Alternative Investments (OMAI), Africa’s largest alternative investment manager; Cathy Goddard is CEO at Vuwa, where she is involved in originating, assessing, valuing, structuring, negotiating, funding and closing private equity transactions; while Yvonne Maitin is a partner at Bopa Moruo and has broad experience gained over 15 years in Financial Services across various disciplines, including Private Equity, Debt, Derivatives and Economics.
They are, together with the other members, charged with serving and promoting the Southern African private equity and venture capital industry.
“We are pleased to welcome these three highly respected individuals to our board, who bring a wealth of industry knowledge, as well as commitment and passion for the industry,” said Erika van der Merwe, CEO of SAVCA.
She added, “All three directors already are active participants in SAVCA’s various activities, including fostering relationships with institutional investors, supporting our training programmes, advocating for the private equity and venture capital industry and promoting the Southern African region as an investment destination.”
The new members were appointed following the SAVCA Annual General Meeting (AGM), held in Johannesburg on September 21, 2016.
“It is gratifying to have new directors joining the SAVCA board who bring a diverse range of industry experience, many years of private equity and venture capital service, and strategic insight, all of which will be harnessed to make a positive contribution to the private equity and venture capital industry in Southern Africa,” said Dave Stadler, Chairman of the SAVCA board and CEO of Paean Private Equity.
The body is also in search of a new CEO as Erika van der Merwe will leave next year for the Netherlands with her family. She will remain at SAVCA until the completion of the SAVCA Conference in February 2017.
Erika joined SAVCA in November 2012, and has focused her efforts since then on promoting the private equity and venture capital industry in Southern Africa, through SAVCA’s various initiatives.
“Erika has exceeded our expectations in this regard and has performed outstandingly, increasing SAVCA’s profile and fostering good relationships with all stakeholders, expanding its offering and membership, building a sound support team and establishing a strong financial base. Indeed, an impressive performance and track record. We are truly sorry to lose her services beyond the SAVCA Conference in 2017,” Stadler said.
SAVCA is the industry body and public policy advocate for private equity and venture capital in Southern Africa, representing about R165 billion in assets under management, through 150 members.