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Meet the team

The unique experience of each team member contributes to our collective insights.

Since the establishment of Truffle in 2008, we have successfully grown our capabilities, client base, and assets under management. This is evidence of our ability to build a winning team. Each team member adds to the collective experience of investing through varying market conditions and investment cycles, contributing to our cumulative insights in their own unique way.

Investment team

Chief Investment Officer & Director

Iain Power

B.Com. (Hons) (Investment Management)

Iain has been part of the Truffle team since 2010 and has over 30 years of industry experience. He began his career at RMB Asset Management in 1993. In his 16 years with the company, Iain held various positions including serving as a member of the Board of Directors and the Management Board, as well as fulfilling the role of a senior investment professional in the equity team. Iain’s move to Truffle was part of his decision to move from the corporate environment into a smaller owner-managed asset management business where he could be part of building a larger concern.

Portfolio Manager

Saul Miller

M.Bus.Sci., Fellow of the Faculty of Actuaries (FFA)

Saul has over 25 years of experience in investment and portfolio management and has been part of the Truffle team since 2016. He worked for RMB Asset Management for over a decade, where he managed a range of equity and balanced funds that won numerous industry awards. Saul then moved to Argon Asset Management where he held the position of Head of Equity for over four years. During this period, equity assets under management grew rapidly from approximately R8 billion to over R20 billion and investment performance comfortably exceeded benchmark returns. Additionally, Saul was responsible for implementing Argon’s equity investment philosophy and process.

Portfolio Manager

Nicole Agar

CA(SA)

Nicole joined the Truffle team in 2015 and has been in the financial industry for over 25 years. After graduating, she completed her articles at PricewaterhouseCoopers. Nicole discovered her love for investments whilst working at Merchant Banking in London. On her return to South Africa in 1997, Nicole joined RMB Asset Management where she held various investment roles, including those of senior equity analyst and portfolio manager. During this time, various funds which she co-managed won Raging Bull and Standard & Poor awards. She remained with RMB Asset Management until 2015 where her final position was Deputy Head of Equity Research.

Portfolio Manager

Sophié-Marié van Garderen

M.Com., CFA

Sophié-Marié has been part of the Truffle team since 2016 and has over 25 years of investment experience as an equity analyst and fund manager. She began her career at RMB Asset Management as a trainee analyst and worked her way up to the role of senior investment professional where she performed equity research and co-managed various funds. During this time, these funds won several Raging Bull and Morningstar awards. In 2011, Sophié-Marié joined Argon Asset Management as an equity analyst and co-manager of all the equity funds under management.

Head of Fixed Income & Director

Hannes van der Westhuyzen

CA(SA)

Hannes co-founded Truffle in 2008 with Louis van der Merwe. He began his career at RMB in 1989 on the money market desk where he was instrumental in starting the forward rate agreement market in South Africa. Hannes then joined the stockbroking company Huysamer Stals, where he became a director and specialised in trading hybrid instruments between equity and the interest rate markets. In 1996, Hannes was approached by start-up company Mettle (Boland Financial Services) to take on the role of treasury specialist. This involved a close working relationship with Boland Bank and in 1997, he was asked to take over as Treasurer of Boland Bank. Through takeovers and mergers, Hannes became the Treasurer of NBS Boland Bank (later BoE Bank), which was taken over by Nedbank in 2003. In 2005, Hannes was appointed Head of Global Markets and an EXCO member of Nedbank Capital.

Fixed Income Portfolio Manager

Raihan Allie

B.Bus.Sci. (Hons) Finance & Economics, CFA

Raihan completed his B.Bus.Sci qualification in 2011 through the University of Cape Town and is a CFA Charterholder. He joined Truffle in January 2023 as a portfolio manager in our fixed income team. Formerly, he was at Counterpoint Asset Management, where he co-managed the Counterpoint SCI* Enhanced Income Fund and the Counterpoint SCI* Money Market Fund. Raihan joins Hannes van der Westhuyzen in managing the Truffle SCI* Income Plus Fund, as well as the fixed income portions of Truffle’s multi-asset mandates.

Equity Analyst

Thishan Govender

CA(SA), CFA

Thishan joined Truffle in 2014 as an Equity Analyst. He completed his articles at PricewaterhouseCoopers in the financial services and investment management division. Thishan then joined RMB Asset Management as a junior equity analyst where he worked on the RMB Small and Mid-Cap Fund and later covered larger industrial and financial companies. In 2012, Thishan joined Kumba Iron Ore as a senior strategy analyst and served as a trustee on their Pension and Provident Fund, as well as a member of their Investment Committee.

Equity Analyst

Etienne Roux

CA(SA), CFA

Etienne qualified as a CA(SA) in 2012, after completing his articles at Greenwoods Chartered Accountants where he gained invaluable experience in various sectors, including manufacturing, property, and industrial. Etienne then joined Truffle in 2013 as an Equity Analyst and became a CFA Charterholder in 2016. He covers various sectors for the Truffle equity team, including property, healthcare and pharma, diversified industrials, gold, as well as various mid-caps.

ESG Analyst

Vuyolwethu Nzube

B.Com. Quantitative Finance, CFA

Vuyolwethu started her career in financial services in 2014 at Nedgroup Investments in the manager research team. After 3 years, she joined Perpetua Investment Managers as an equity analyst, where she was responsible for analysing various South African listed financial, consumer discretionary, and paper and packaging shares. During this time, she was responsible for conducting ESG research in terms of the companies themselves, as well as for the improvement of the overall ESG processes. Vuyolwethu joined Truffle in 2021 as an ESG Analyst.

Head of Quantitative Analysis

Nicholas Crotty

B.Sc. (Hons), M.Sc. Mathematical Statistics, Certificate in Investment Performance Measurement (CIPM), CFA

Nicholas began an internship at Truffle in 2013 where he managed data to be disseminated to clients. In 2014, he officially joined the Truffle team on the quantitative side of the business. His current responsibilities include developing tools to assist the investment team, calculating fund performance for attribution and contribution reports, data management, and order management on the trading system. Nicholas enjoys increasing efficiency via automation.

Fixed Income Analyst

Blessing Khanyile

B.Econ.Sc. (Hons) Economic Science

Blessing became a part of Truffle’s Internship Programme in January 2022 following the successful completion of his Honours qualification in Economic Science from The University of Witwatersrand. After concluding his internship, he became a Distribution Analyst at Truffle later that year. With a zeal for mathematics, problem-solving, and unraveling the interplay of markets, Blessing boasts a solid background in both mathematics and economics. This foundation propelled him to assume the role of Fixed Income Analyst within our investment team in November 2023.

Equity Trader & Analyst

Sibusiso Mavundla

BCom (Investment Management)

After graduating from the University of Pretoria in 2015, Sibusiso joined STANLIB Asset Management as a quantitative analyst in the Absolute Return franchise. His role involved maintaining the fund’s asset allocation, derivative, and risk analysis reports. Thereafter he went on to join the STANLIB equity trading desk specialising in equity and foreign exchange trading. Sibusiso joined Truffle in 2020 as part of the investment team where he is the head Trader and Derivatives Analyst.

Equity Trader

Samkeliso Ncube

B.Com. Accounting

Samkeliso holds a B.Com. Accounting degree from Nelson Mandela University. She started her career in financial services in 2018 at PSG Wealth as a wealth adviser assistant. Samu is driven by the pursuit of client satisfaction and originally joined Truffle as a member of the operations and client service team. Samu showed a flair for trading and has since moved across to the investment team as an Equity and Bond Trader ensuring the best execution of trades in the market.

Distribution team

Head of Business Development

Simone Sharman

B.Com. (Hons) Investment Management, CFP®

Simone joined Truffle in 2018 as the Head of Business Development and Client Service. She started her career in financial services at Old Mutual in 2011 and thereafter spent five years at PSG Wealth as a financial planner and wealth manager. She achieved the highest mark in South Africa for the Certified Financial Planner® board exam in 2017. Simone has a passion for both investments and clients. She is responsible for the overall business development function at Truffle which includes both retail and institutional investors.

Technical Investment Specialist

Lindsay Hall

B.Bus.Sci. Finance, PGDA, CA(SA)

Lindsay joined the Truffle team in 2022. She began her career at Deloitte in 1998 where she completed her articles in the Financial Services division. Following three years in London in corporate finance roles at Deloitte and Interoute Telecommunications, Lindsay returned to South Africa to pursue a role in investor relations. She joined Brunswick and later Investec where she gained valuable experience in financial communications and investor relations. For the next 12 years Lindsay worked for Liberty Group holding various roles within LibFin, Liberty Investments, and later STANLIB including Head of Liberty’s Client Portfolios and STANLIB Investment Proposition Manager.

Client Service Specialist

Simon Russell

B.Com. (Management)

Simon joined Truffle in 2016 and has over 20 years of industry experience. His career began in 1995 when he joined Old Mutual. After leaving Old Mutual, Simon worked for various asset managers and administrators in the UK for five years. On his return to South Africa, he joined Momentum where he worked on the offshore side of the business. In 2010, Simon joined Momentum Collective Investments in the client care division, later moving on to premier servicing.

Institutional Distribution

Thandi Zwambila

B.Com. (Hons) Financial Analysis & Portfolio Management, CFA

Thandi joined Truffle in 2023 to head up the Institutional Distribution strategy. She began her career at Investec Bank in 2010 before joining the Investec Bank Australia Team one year later, where she consulted on treasury products to retail clients and superannuation funds. In 2012, she moved to Investec Wealth and Investment where she cut her teeth in the investment industry. In 2019, Thandi moved away from private client investments into the institutional space, joining Benguela Global Fund Managers to head up their business development team.

Business Development Analyst

Kiara Sukdao

B.Bus.Sci Finance

Kiara holds a Bachelor of Business Science in Finance from the University of Cape Town. She began her career at Northstar Asset Management as a Business Development Consultant. Kiara joined the Truffle team as a business development analyst in 2022.

Graduate Intern

Thembi Hope

B.Com. (Hons) Economics & Risk Management

Thembi joined Truffle’s Internship Programme in July 2023. She began her career as a finance assistant at GH Communications where she was responsible for analysing the balance sheets and income statements. Thembi then worked as an intern for HCN and Pygma Consulting. In 2021, Thembi moved to Policy Impact Partners as a policy analyst where she was instrumental in formulating policies in support of alternative communication providers.

Operations team

Chief Operating Officer & Director

Craig Sampson

CA(SA), M.Com. Taxation

Craig joined Truffle in 2018 and has over 20 years of industry experience. Craig began his career at Standard Bank where he provided securities services and solutions to asset managers, global banks, pension funds, and the collective investment scheme (CIS) industry. From there he moved on to design, develop, and implement fund administration operations for two Nigerian banks as well as a South African CIS management company. As part of this role, Craig was responsible for providing Truffle with outsourced fund administration and management company service for many years. Recently, he advised Truffle on various product-related strategies, both from a structural and tax point of view. Craig has passed level 1 of the CFA exams.

Head of Portfolio Administration & Compliance Manager

Thelma Nell

B.Compt., Associate General Accountant (AGA) (SA)

Thelma joined the Truffle team in 2012 as a senior administrator and has over 25 years of experience. She has previously worked in administration in the stockbroking, asset management, and hedge fund industries where she gained a wealth of invaluable experience. Thelma has a passion for people and always goes the extra mile.

Quantitative & Performance Analyst

Tlhologelo Malapane

B.Sc. (Hons) Mathematical Statistics

Tlhologelo completed his Bachelor of Science degree in Mathematical Statistics at the University of Pretoria and is presently pursuing his Masters at the University of Witwatersrand.
He started his career as a data analyst at PSG Wealth in 2017. Tlhologelo then joined Novare Actuaries & Consultants as a manager research analyst where he was responsible for conducting a quantitative and qualitative analysis of various asset managers. Tlhologelo is a data-driven, analytical, and calculation-inclined individual who joined the Truffle Quantitative team as a performance analyst in 2022.

Accountant & Administration Officer

Prudence Mokhachane

B.Com. Financial Accounting, Professional Accountant (SA), Professional Tax Practitioner (SA)

Prudence holds a Bachelor of Commerce Financial Accounting degree from North-West University. She started her career as a South African Institute of Professional Accountants (SAIPA) article clerk in 2016 and qualified as a member in 2018. Prudence then worked as an accountant at Mackinnon Anderson for 2 years. Prudence joined Truffle in 2022 as the Accountant and Administration Officer. She is a motivated and driven individual who strives for excellence and client satisfaction.

Portfolio Administrator

Rosemarie van Heerden

B.Com. (Hons) Finance

Rosemarie completed her Bachelor of Commerce degree in Finance with Honours at the University of the Western Cape. She started her career at JP Morgan in 2008 as a trade support specialist and then relocated to Johannesburg to join Sanlam Private Wealth in 2012. Following this, she joined ABSA Stockbrokers as a portfolio manager assistant. Rosemarie joined the Truffle portfolio administration team in 2022 where she has brought over 10 years of portfolio administration knowledge and learnings with her.

Portfolio Administrator

Olga Cingo

PGD Business Administration

Olga started her career at Standard Bank where she worked as a teller and banker’s assistant in branch banking. After 10 years, she moved to Stanlib where she held the position of offshore trades settlement specialist. Olga joined Truffle in 2022 and brings a wealth of expertise. She is currently completing her MBA.

Finance Assistant

Ethel Mankge

B.Com. Accounting

Ethel started her career at Telesure Investment Holdings as part of the finance operations team. She then joined Truffle’s graduate internship programme in 2022. Ethel is an ambitious and self-driven individual.

Personal Assistant

Natalie Dascalu

Professional Assistant & Receptionist (Cape Town)

Natalie joined Truffle’s Cape Town office in July 2023 as a professional assistant, filling a much needed role in supporting our senior investment team as the business continues to grow and evolve. Natalie has developed extensive expertise working across all organizational levels to support delivery of business strategies and create operational efficiencies. She also has investment and wealth management industry experience having previously worked at Northern Cross Wealth Management in the position of professional assistant and office manager where she helped facilitate and manage the framework in client servicing, regulatory compliance, finance, and operational support functions. Natalie is passionate about creating an interactive and enjoyable business environment that supports learning, and she is working towards her BA in Public Administration.

Office Assistant & Receptionist (Johannesburg)

Bella Moleleki

Bella provides a fundamental service to our staff and visitors. She is responsible for setting up meeting rooms and ensures efficient management of all office supplies.
Office Assistant (Cape Town)

Vida Malgas

Vida handles all administrative support tasks for our Cape Town office. She has many years of experience as a receptionist and ensures the office runs smoothly.

Non-Executive Directors

Co-founder & Chairman

Louis van der Merwe

B.Com. Investment Management

Louis is one of the founding members of Truffle. He joined RMB in 1988 after graduating. He started trading in the fledgling equity derivatives markets and found his niche in arbitrage and structuring activities in the equity market. Louis then headed up the equities division of RMB until 2002, where he was responsible for the proprietary trading, structuring, stockbroking, commodities, scrip lending, and futures clearing activities. During this time, Louis served on the RMB Board, as well as on the Exco of the JSE and SAFEX. He then left RMB in 2002 to take up the position of CEO of RMB Asset Management, one of the largest asset managers in South Africa, managing assets in excess of R200 billion at the time. In 2008, Louis left, and established Truffle with Hannes van der Westhuyzen. Louis retired in 2021 and remains the Chairman of the Board at Truffle.

CEO - RMI Investment Managers

Alida de Swart

B.Com. (Hons) Investment Management

Alida started her career at RMB in 1999 as part of the derivative structuring business. She later had the responsibility of establishing the institutional structuring business and financial markets research team. In 2008, Alida was appointed as the Head of Sales and Structuring for fixed income, currencies, and commodities, and then Head of Financial Institutions for global markets in 2014. She then joined RMI Investment Managers as Head of Distribution and Marketing and assumed the role of CEO in 2018.

Portfolio Executive - RMI Investment Managers

Zamazulu Zulu

B.Bus.Sci. (Hons) Finance

Zama has extensive experience in the investment industry and works with Truffle’s distribution team and the Board in its asset raising initiatives within the retail industry. Her asset management career began in 2004 when she joined Coronation Fund Managers as an investment specialist in the retail distribution team. After 10 years, she left to pursue a slight change in career and joined the Debt Capital Markets distribution team at RMB where she assisted various corporates and SOEs raise debt capital from asset managers in bond auctions and private placements. Zama holds a Bachelor of Business Science with an Honours degree in Finance from the University of Cape Town and a Postgraduate Diploma in Certified Financial Planning from the University of the Free State.

Investment Manager - Royal Bafokeng Holdings

Mcebo Ntombela

B.Com. (Hons) Financial Analysis & Portfolio Management

Mcebo has more than 7 years’ experience in financial services and investment management having joined RBH from Barclays, where he worked as an Investment Banking Analyst in Corporate Finance and M&A. He gained experience with a focus on research and analysis across various sectors as well as company valuations and financial modelling. Prior to joining Barclays, he worked as an Operations Consultant at Allan Gray where his focus areas were client services and investment administration. Mcebo represents Royal Bafokeng Holdings as a director at Royal Investment Managers.