Rezco appoints new director
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2012
Wed
01
Feb
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Financial services stalwart, Bernie Nackan, has been appointed to the board of Rezco Collective Investments, manager of the Rezco unit trusts.
Nackan has acted in a consulting capacity to Rezco – the Value Trend Fund was established in September 2004 and has delivered consistent superior performance measured against the overall market.
He joins Wally Gray, Rob Spanjaard, Peter Du Toit and Ron Cape on the Board as a non executive director.
Nackan, who started his career as financial editor at the Rand Daily Mail, brings a wealth of experience gained over more than 40 years in a senior executive capacity in the financial services industry, and particularly in the unit trust field.
In 2003 he retired after 30 years as a director of the Sage Group and managing director of its unit trust division. During that time Sage innovated many of the pioneering concepts in the SA industry.
He served for many years as a director and chairman of the Association of Unit Trusts (now ASISA) and was intimately involved in all aspects of legislation and regulation in the industry. He also served on the committee that deregulated the stock exchange and on the teams that formulated the Financial Services Charter, and introduced money market funds to South Africa.
He is a member of the Collective Investment Schemes Advisory Committee appointed by the Minister of Finance and is currently also a director of Redefine Properties, a listed property loan stock company, and its international arm, Redefine International Properties Limited.
Source: Cathy Findley Public Relations
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