African Alliance appoints new CEO
Staff Writer | Friday September 9, 2016 14:45
Rasebotsa brings with him 17 years of experience within the banking, investment advisory and employee benefits industries, of which eight were spent at Barclays Africa and Barclays Bank both in Zambia and Botswana.
Prior to joining African Alliance Botswana, Rasebotsa held the role of General Manager JCDecaux Botswana. Before that, he was Managing Director at Coronation Fund Managers Botswana.
Rasebotsa started his career at Aon Botswana before joining the banking industry where he first worked for First National Bank of Botswana Ltd and then Stanbic Bank Botswana.
In 2001, he joined Barclays Bank of Botswana Limited during which time he was seconded to South Africa and Zambia, respectively.
“I am very excited and honoured to have been chosen to lead an experienced team of investment managers and administrators in a company that has operated in the country for close to 20 years and was the first to be given an investment management licence under the former IFSC,” he said.
With over P5 billion in assets under management, African Alliance currently offers asset management services to a number of clients, both institutional and retail in Botswana. These include Botswana Public Officers Pension Fund which awarded it a mandate.
African Alliance Group, a pan African investment bank, currently offers asset management, corporate advisory, private equity and third party administration services in over 12 countries across Africa. The company, which is one of the first firms to be certified as an international financial service outfit by the former IFSC was set up in Botswana 19 years ago.
In 2011, a consortium of citizen investors headed by Serwalo Tumelo, acquired a 33% stake in the diversified financial house.
The consortium currently comprises Tumelo, Morago Ngidi and Tally Tshekiso. The acquisition, excluded the stockbroking business which is a separate legal entity with its own separate shareholders.
The citizen shareholding in the business is 33% with the rest owned by its holding company.