March 25, 2019

Anglo-French multinational investment firm, Rothschild & Co said on Monday that it has elected Martin Kingston as Executive Chairman of the board of directors for its South Africa operation.

Mr. Kingston, who currently serves as Chief Executive Officer of Rothschild in South Africa, will begin his new role as executive chairman, effective April 1. He will be supported by Paul Bondi and Giles Douglas, who were named co-Heads of the Rothschild’s South Africa operation. Bondi and Douglas, who are both veterans of the investment banking industry, will assist Kingston in managing the business and client relationships.

The company said the changes in “executive leadership reflect the group’s long-term commitment and ongoing investment in both South Africa and the region and build on Rothschild & Co in South Africa.’s market positioning and success.

Bondi and Douglas have been with the company for 13 and five years respectively, the company said.

Also named to the board as non-executive members are Trevor Manuel, a former Minister of Finance of South Africa and current Chairman of Old Mutual Ltd, who will return to his position as non-executive deputy chairman of the Board. Dolly Mokgate, current chairperson of the Rothschild foundation, an educational trust, is also one of the founding partners of the Peotona Gap, and a seasoned businesswoman who currently serves on the boards of Kumba Iron ore, Total SA, and Telkom.

Businesswoman and lawyer Tembisa Skweyiya who currently serves on the boards of Imperial Logistics holdings, Liberty Holdings and Woolworths Holding will become a non-executive member of Rothschild.