Asset manager Ninety One has promoted from within for its new deputy global head of trading and head of trading for South Africa, The TRADE can reveal.
Former head of trading for South Africa at Ninety One, Doug Blatch, has been selected to support global head of trading at Ninety One, Cathy Gibson, as deputy. He takes up the role after 26 years at the business.
“The enhancement of his [Blatch’s] role is reflective of his contribution to the global book of business,” Gibson told The TRADE.
Yanela Songca
Chosen to replace him in his regional role is Yanela Songca who has been appointed to take up the trading reins in South Africa after serving as a senior trader at Ninety One for nearly nine years. The emerging markets specialist has significant operations in the region.
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Songca’s appointment comes after nine years with Ninety One, originally joining the asset manager in 2015. He will report to Blatch.
“Yanela joined us through the graduate recruitment programme and now represents the emerging leadership in the business and will be a key part of future proofing the trading function in the region,” Gibson told The TRADE.
“Throughout his career, Yanela has garnered cross asset-capabilities, having commenced his career on the equity desk before transitioning to the fixed income desk, this is no small achievement given the structural differences between the asset types.”
“I would congratulate both Yanela and Doug.”