News

Africa’s OMAI hires head of impact funds

Africa_mapAfrica’s largest private alternative investment manager, Old Mutual Alternative Investments (OMAI), has hired Zomunoda Chizura as the head of its impact funds team. The team manages funds earmarked for affordable housing, access to quality education and small-to-medium sized businesses. Prior to his new role, Chizura was chief executive of Old Mutual West Africa based in Lagos where he oversaw the roll out of the Old Mutual business in Nigeria and Ghana. He joined the company in 1999 as head of research for Old Mutual Asset Management in Zimbabwe. In his new position, Chizura is expected to manage the active investments of the impact funds team and expand the firm’s market presence in Africa. “We are delighted to announce Zom Chizura’s new role as head of the impact funds team,” said Paul Boynton, chief executive officer of OMAI. “The impact funds team actively invests in assets and regions where they have identified gaps or backlogs in social infrastructure, creating commercially sustainable investments that have large scale impact while producing positive community benefits.” ©2018 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.