Johannesburg – January 30, 2019 – JSE-listed specialist financial services group, Ecsponent Limited today announced several new appointments to its board that will support the Group’s ongoing sustainability, underpin delivery against strategy and uphold the highest levels of governance.


  • Keith Rayner is appointed as chairman of the company’s Audit and Risk committee and also serves as member of the Social and Ethics committee
  • As independent non-executive director, Patrick Matute will chair the Nomination and Remuneration committee
  • George Manyere will become executive vice chairman of the board
  • The remainder of the board comprises Richard Connellan as chairman, Terence Gregory as CEO, Dirk van der Merwe as the financial director and Willem Oberholzer as an independent non-executive director and chairman of the Social and Ethics committee.
  • For more information about the board of directors, visit


Post these appointments, the board will consist of four independent non-executive directors and three executive directors.


“We are fortunate to have the support of a balanced board of directors with such extraordinary skills and experience. Both Richard and Keith are doyens in the South African regulatory and trading environments. Their guidance in navigating the complexities of the listed environment is invaluable,” says CEO Terence Gregory.


Keith Rayner

Keith Rayner holds several board seats and is chairman of Sibanye Stillwater’s Audit Committee and has been an Ecsponent director since 2011. He is the former chairman of the Remuneration and Nomination committee and will assume the new role following the resignation of Brandon Topham.


Gregory adds, “Brandon has a great career opportunity and his new employment is our loss. He was appointed to the board of Ecsponent in 2010, when the Company changed its executive leadership. This initiative, under the direction of the board significantly re-engineered Ecsponent’s strategic objectives, placing it on its current growth path. We wish him well in his new endeavours.”


George Manyere

Gregory adds, “George’s [Manyere] experience at the International Finance Corporation (IFC) and success in growing and listing Brainworks have been invaluable in our institutional capital raising initiatives and steering our African growth agenda. With our eye on strategic African expansion, George has a critical role to play as an executive director.”


Patrick Matute and Willem Oberholzer

Patrick Matute and Willem Oberholzer were both appointed as non-executive directors to Ecsponent’s board in 2016 and serve as chairman for the Nomination and Remuneration committee, and Social and Ethics committee respectively.


“Patrick’s extensive experience in financial services, corporate finance and private equity, in sub-Saharan African markets makes an invaluable contribution to Ecsponent’s strategy.


“Willem is not only a tax expert, but has a wealth of experience in leading businesses, providing strategic direction and leadership to promote growth and shareholder value,” continues Gregory.


Ecsponent is committed to the principles of openness, integrity and accountability as contained in the King Code. As a result, “governance” implies far more than compliance with relevant legislation and best-practice principles. Instead, it revolves around a culture of accountability, transparency, efficiency, ethical conduct, respect, and a values-driven approach.


“Under the guidance of this board, with its focus on governance, Ecsponent has experienced eight consecutive years of exponential growth. We are looking forward to continued support and, as a result, continued success, in future.”