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Patrice Rassou, Ashburton

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Ashburton Investments appoints CIO

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Patrice Rassou (pictured) has been appointed chief investment officer (CIO) of Ashburton Investments, the asset management business of FirstRand Limited.

This new role, which comes into effect from April 2020, has been created to coordinate the various investment management activities of the FirstRand group. The appointment follows a review of Ashburton Investments’ strategic positioning to ensure it is fully enabled to scale.
 
Sizwe Nxedlana, the recently appointed CEO of Ashburton Investments, says: “Patrice brings the necessary skills required to strengthen existing investment management processes and ultimately deliver the right client outcomes by leveraging the group’s capabilities.”
 
Rassou joins Ashburton Investments from Sanlam Investment Managers, where he was head of equities. Before joining Sanlam in 2006, he worked at Thesele Group, Old Mutual Asset Management and PwC. He holds an MSc in Economics from the London School of Economics and Political Science, an MBA with distinction from Manchester Business School and is a chartered accountant.
 
FirstRand COO Mary Vilakazi says: “To attract an investment professional of Patrice’s calibre is a coup for us. It demonstrates how serious we are about building a competitive and innovative asset management business.”
 
Rassou adds: “I am attracted to FirstRand’s talent and innovative culture. These are two key ingredients to building a successful investment management business, and I hope to do my part in contributing to the group’s important diversification strategy.”

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