TEREBINTH CAPITAL (PTY) - Key Persons


Allen Murahwa

Job Titles:
  • Trade Support Analyst
As Trade Support Analyst, Allen's responsibilities include trade capturing, coordinating settlement with custodians, reconciliations, and any other operational matters on the funds. Allen Murahwa holds an Honours BCom degree in Economics from Walter Sisulu University. He started his career in 2016 as a lecturer in Business studies. After gaining experience within this arena, Allen joined Sanne, a financial services administration firm, in 2019. Where he gained knowledge and experience serving as a Fund Administrator. He was subsequently promoted to Senior Fund Administrator within the Middle Office space.

Andzile Ntabeni

Andzile Ntabeni joined Terebinth Capital (Pty) Ltd as Head of Institutional Business in August 2022. He has 12 years' experience in the Institutional Market managing clients and providing investment solutions across multiple asset-classes.

Ann Sebastian

Job Titles:
  • Head of Equities
Ann joined as Head of Equities from STANLIB Asset Management where she held the title of Senior Portfolio Manager. Her investment capabilities cover the management of listed local and global equity, property, and local nominal and inflation linked bonds, as well as Reg 28 compliant high- and low-equity multi-asset funds. In her previous role, she was the lead Portfolio Manager on multi-billion active equity portfolios, where she consistently achieved top quartile returns. Her experience in portfolio management and research includes the utilisation of best-of-all principles approach using fundamental, macroeconomic, quantitative and data principles in fund management. Ann holds a Master of Science in Statistical Sciences from the University of Cape Town. This follows the completion of a BSc Honours in Advanced Mathematics of Finance and Bachelor of Science in Mathematical Sciences from the University of Witwatersrand.

Bronwyn Buchanan - COO

Job Titles:
  • Chief Operating Officer
Bronwyn's responsibility as Chief Operating Officer is to ensure that the business remains agile given different versions of the Future. Bronwyn was previously employed as an Operations Manager at M&G Investments South Africa and Ninety-One. She completed her articles at KPMG in the financial services division and obtained experience as a senior manager before venturing out into a career within the investment industry. She holds a Bachelor of Business Science degree with Honours in Finance from the University of Cape Town. In addition, Bronwyn is a CA(SA). She has been in the financial services industry since 2007.

Carmen Nel

Job Titles:
  • Head of Multi - Asset
  • HONOURS ADVANCED MATHS of FINANCE, BSC HONOURS MATHEMATICAL STATISTCS, BSC ACTUARIAL SCIENCES
Carmen Nel is Head of Multi Asset and is responsible for co-ordinating the multi-asset strategy, working closely with the asset class specialists across equities, fixed income, and listed property. Prior to joining Terebinth Capital in 2023, she worked as a macro and fixed income strategist at Matrix Fund Managers, was co-portfolio manager on long-only bond mandates, and a lead member of the asset allocation committee. Carmen started her career on the sell-side as a quantitative analyst covering equities and portfolio analysis. She moved into economics at Deutsche Bank and worked as an economist at Citi and Bank of America Merrill Lynch. She spent the bulk of her career at Rand Merchant Bank where she was co-head of the Global Market Research team, responsible for co-ordinating the macro and fixed income views and marketing to the bank's institutional client base. She has won numerous industry awards over the years. She has 22 years' financial market and macro experience.

Celeste Anthony

Job Titles:
  • OPERATIONS SPECIALIST

Dumisani Ngwenza

Job Titles:
  • Junior Portfolio Manager
Dumisani Ngwenza joined Terebinth as a Quantitative Analyst from Old Mutual Specialised Finance, where he was a Junior Quantitative Analyst, assisting in monitoring and managing interest rate management strategies and the investment guaranteed returns book. Dumisani holds a Master of Philosophy degree, with a major in Mathematical Finance from the University of Cape Town. This follows his Bachelor of Business Sciences degree, with a major in Actuarial Sciences. Dumisani has responsibilities in the oversight, client-facing duties, and further development of in-house systems and process automation. As a junior portfolio manager, his responsibilities include portfolio management, trade execution, risk monitoring and allocation, trade idea formulation and engaging clients.

Erik Nel - CIO, Founder

Job Titles:
  • CIO
  • DIRECTOR
  • FOUNDER
  • FOUNDER, DIRECTOR, CIO / MEMBER of the INSTITUTE of FINANCIAL MARKETS ( ICMQ )
Prior to pursuing his career objective of becoming a macro portfolio manager, Erik's journey included portfolio management and macro strategy roles at Atlantic Asset Management, as well as various fixed income positions at RMB, Nedbank, and Coronation Capital. "I am grateful for the opportunity to assist clients in securing their financial future, while at the same time living my career passion. Markets are challenging and it can sometimes be frustrating to try to solve an ever-changing puzzle, but the reward is seeing the difference we can make in people's lives through sound stewardship of their finances. I also think it is important to give people hope. Even if it is only in a small way, I believe that Terebinth Capital strives to prove to all South Africans that our future as a country lies in being able to work together in an inclusive way. Diversity, Equity and Inclusion comes alive at Terebinth. Not only do we always put our customers first, but we also aim to set the industry standard in providing young talent with opportunities to excel and become owners of their destiny through a pay-it-forward approach."

Johanna van der Bergh

Job Titles:
  • Office Manager
Johanna joined Terebinth Capital as office manager in 2018. With material industry experience, Johanna assists the team with a variety of office tasks. Colleagues appreciate her motherly approach, attention to detail and high work ethic. "I am grateful for the opportunity Terebinth has given me. A new challenge and exciting journey. Terebinth is like a home to me, a family."

Mandy Pick

Job Titles:
  • Head of Operations
  • FINANCIAL ACCOUNTING )
Mandy is the Head of Operations at Terebinth. Mandy joined Terebinth initially as a Research Analyst from State Street Southern Africa where she was a Senior Fund Accountant in the NAV production team, focusing on client services and operations. She led two NAV production teams and mentored staff members through their mentorship program. Mandy holds a Bachelor of Commerce degree with a specialisation in Financial Accounting from the University of Stellenbosch and has completed the CFA Investment Foundations Program with the CFA Institute.

Victor Muguto

Job Titles:
  • Independent Non - Executive Director
Victor Muguto joined in August 2022 as an independent, non-executive director, after a career spanning 37 years in various roles at PwC. He was a partner/director from 1992. He has specialist experience gained as an engagement leader on assignments in SA, Botswana, Lesotho, Mozambique, Swaziland, Kenya and Zimbabwe within the banking, insurance/financial services, investment management, private equity, REITs and medical scheme industries. Before retiring in 2020, he also served as PwC's Insurance Leader for Africa for 10 years. During this period, he was a member of the PwC Global Insurance Leaders Group, focusing on Global insurance industry developments. "I am honoured and privileged to have joined the Board of Terebinth Capital, a multiple award winning independent boutique asset manager. It gives me comfort to work with such a strong owner/manager team. Their vision, knowledge, research focus, and investment in building strong, diverse teams places Terebinth on a good growth path, which I am proud to be part of."