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George Herman

Chief Investment Officer

As CIO, George leads CAM’s investment philosophy, ensuring disciplined, risk‑aware portfolio construction. He brings more than 30 years of experience across the investment industry and emphasises scenario analysis and unemotional decision‑making.

George began his career in 1988 in derivatives investment banking, later expanding his experience across trading and the JSE.

In 2003, he joined the Eskom Pension Fund as Chief Dealer and Investment Manager, where he gained institutional investment experience before joining the Citadel Group in 2010.

George holds a BCom (Hons) and the CAIA designation and continuously advances his expertise through fintech and related studies. He also represents the Group on the ASISA Investment Board.

Maarten Ackerman

Chief Economist

Maarten plays a pivotal role in shaping the company’s global macroeconomic analysis and investment thinking.

Maarten joined in 2003 and brings deep expertise in macro-econometric forecasting, economic modelling, and investment strategy. He holds a Master’s degree in Econometrics and has lectured at the University of Pretoria and Stellenbosch University. He also holds a diploma in investment advice from the Chartered Institute for Securities and Investments (CISI) in London.

He previously worked at the Bureau for Economic Research and later in portfolio management at Peregrine Quant. This blend of experience allows him to bridge theory and practice effectively.

Kurt Benn

Senior Portfolio Manager

Kurt joined the CAM team in October 2023 as a senior portfolio manager, straddling both the equity and multi-asset teams. He started his financial market career as a junior mining analyst in 1996 and has since accumulated experience across a host of different local and global equity sectors. Over the past decade, he has also focused on asset allocation research and the management of global multi-asset portfolios. Kurt studied at the University of Cape Town and is also a CFA charterholder.

Harold Strydom

Investment Strategist and Portfolio Manager

Harold is responsible for asset modelling, portfolio optimisation, and the implementation of the Houseview.

He joined the team in 2006 and has been instrumental in developing CAM’s quantitative and risk‑aware investment processes.

Based in the United Kingdom, Harold is also a director of the Citadel Group’s Guernsey‑based entities, supporting international investment and regulatory activities.

Harold holds a BCom in Actuarial Science from Stellenbosch University and is a Fellow of the Institute and Faculty of Actuaries.

Before joining the Group, Harold worked as a business analyst in the technology sector, bringing a systems‑oriented mindset to investment modelling and optimisation. His work supports CAM’s belief in disciplined, research-driven investment decision-making.

Mike Van Der Westhuizen

Portfolio Manager

Mike oversees in‑house fixed income, property, and alternative investment capabilities. He is also responsible for supervising CAM’s multi‑asset dealing function, ensuring efficient and disciplined implementation of investment decisions.

Mike joined the team in 2011 as part of the external fund manager research team.

He is closely involved in the management of fixed income portfolios and managed volatility strategies, both locally and offshore.

Mike holds a BBusSc (Hons) in Finance and is a CFA charterholder and member of CFA Society South Africa.

Within the CAM team, Mike is known for his pragmatic approach to portfolio construction and his ability to balance theoretical research with real‑world trading considerations.

Nishlen Govender

Portfolio Manager

Nishlen heads up the in‑house equity franchise.

Since joining in 2013 from Allan Gray, he has held roles across fund research and asset management. His experience has shaped his disciplined, research‑driven approach to equity investing.

Nishlen holds a Master’s degree in Finance and is a CFA charterholder and member of CFA Society South Africa. Nishlen also lectures part‑time at the University of Cape Town, covering subjects such as derivatives, hedge funds, and portfolio theory.

He applies a disciplined, conviction-based investment approach and plays a central role in CAM’s equity research process, ensuring that stock selection aligns with the broader portfolio objectives and risk framework.

Ricardo Michaels

Portfolio Manager 

Ricardo joined CAM in March 2023 in the capacity of an equity analyst focusing on global companies. He previously worked at Coronation and Denker Capital, where he analysed local, global, and emerging markets businesses.

Ricardo started his career at Absa Capital in their graduate programme in 2008. He holds a mechanical engineering degree, is a CFA charterholder, and is a member of the CFA Society South Africa.

Victor Von Reiche

Portfolio Manager

Victor specialises in local and global equity portfolio management.

He brought seven years of environmental engineering experience when he joined in 2014, providing a  distinctive analytical perspective.

Victor began his investment career at Cannon Asset Managers as an investment analyst in 2013, where he developed a strong grounding in fundamental equity analysis.

He holds a Bachelor of Engineering in Chemical Engineering. His technical background supports disciplined analysis and risk assessment.

Within CAM, Victor works closely with the broader equity and multi‑asset teams to ensure that equity portfolios are aligned with overall asset allocation objectives and risk budgets. His work supports CAM’s long‑term, valuation‑sensitive investment philosophy.

Vincent Masoloke

Investment Strategist and Portfolio Manager

Vincent has more than two decades of experience across trading, portfolio management, and derivatives implementation.

He manages fixed income and property solutions, as well as derivatives strategies and portfolio implementation. Joining in 2020, he brought experience from both the buy‑side and sell‑side across multiple asset classes, including equities, fixed income, currencies, and derivatives.

Vincent holds a BCom degree and is a Registered Person (RPE) with the South African Institute of Financial Markets, as well as holding his RE5 qualification. His background as a market practitioner brings a strong implementation focus to CAM’s investment process.

Vincent’s work supports CAM’s emphasis on liquidity management, volatility control, and disciplined risk management.

Yolanda Naude

Investment Strategist and Portfolio Manager

Yolanda has a long‑standing role in shaping the business research‑driven investment approach. Since joining in 1998, she has held several senior roles.

In 2010, Yolanda became Head of Fund Research, overseeing external manager research and due diligence. In 2017, she began managing multi‑asset real return solutions.

Yolanda holds an honours degree in Psychology, a Master’s degree in Econometrics, and is a CFA charterholder. Her interdisciplinary background supports disciplined, behaviour-aware decision‑making.

Earlier in her career, Yolanda lectured at the University of Johannesburg before joining Gold Fields as an economist.

Her experience across academia and economics plays a key role in CAM’s long‑term real return investment approach.