11 November 2003
By Jackie Cameron – Moneyweb
Investment professionals name top black portfolio manager.
South Africa’s black investment professionals have voted Asief Mohamed, chief investment officer of Metropolitan Asset Managers, South Africa’s top portfolio manager.
The Association of Black Securities and Investment Professionals (Absip) chose Mohamed from a group of about 20 nominees and three finalists, who included Abdulazeez Davids of Allan Gray Long Term Investment Management and Hugo Nelson of Coronation Fund Managers. Absip deputy president Daisy Pillay said yesterday “technical competence” played a major role in choosing the winner, but other factors like efforts to help transform the financial services industry and “create black capacity” were also important“He is respected in his industry and also Metropolitan has been very supportive of Absip,” Pillay said. The award is also aimed at creating awareness about the need to “create black capacity” in the investment industry, she said, adding that nominations for entrants came from companies and peer groups.
Mohamed was not available for comment, but Philip Morrall, managing director of Metropolitan Asset Managers, said Mohamed’s “varied experience and accomplishments as an asset manager set a high standard for the industry”. Mohamed has won several investment awards,including a Raging Bull in 2001, he added.