South African based asset manager makes global moves with record-high flows and a key new appointment in Europe
Nedgroup Investments is pleased to announce the appointment of Tom Caddick as Managing Director of the International Business (subject to regulatory approval). Tom will lead the business from 1 December 2022, taking over from Andrew Lodge, who retires in Q1 2023 after more than 25 years with Nedgroup Investments. Tom will continue to fulfil his current role as Head of Investments (International) in parallel.
Nic Andrew, Global Head of Nedgroup Investments, commented: “I am thrilled to have Tom lead our International Business at this exciting time for the company. We have ambitious plans to develop and grow our business, continuing with our long term, client-centric mindset and approach, an approach that has delivered real momentum to our growth in recent years. A huge note of thanks to Andrew for all that he has done for the business and for his tireless drive and energy. He will be leaving the business in good hands, and I am looking forward to working with Tom and the team as we build this next chapter for the business.”
Tom Caddick commented: “This really is an exciting time for the business. We have seen our strongest year of growth yet, establishing new clients from both institutional and wholesale markets and from varying jurisdictions, as well as continuing to support and work alongside our colleagues within the Private Wealth business. This has been backed up by strong investment performance across all asset classes, reinforcing our long-term investment partnership credentials. We have ambitious plans to take the business forward with a broader investment offering, growing high quality team and ever stronger investment partnerships, and I am honoured to be part of this new phase.”
Nedgroup Investments is a boutique-focused asset management company with a growing global presence. Headquartered in Cape Town, South Africa and with offices in Johannesburg, London and the Isle of Man, the company has AUM of just under $19bn (as at end September) and its unique ‘Best of Breed’ partnership model has won numerous awards since inception in 2003.
Currently, Nedgroup Investments has partnerships with Los Angeles based First Pacific Advisors; New York-based Black Rock; Sydney-based Resolution Capital; London-based NS Partners, Pyrford, Ardevora and Veritas Asset Management.
They also offer a full range of investment strategies in Europe & South Africa with retail, institutional, multi-management and passive solutions backed by one of the Big Four banks in South Africa.