We would like to take this opportunity to introduce you to the Board of Trustees of the Nedgroup Beneficiary Fund and share a little bit more about their qualifications and experience.
 

Tracy Muller – Chairperson

Tracy’s role in the Nedbank Group
Tracy was appointed as Head of Fiduciary: Nedbank Private Wealth in 2014. Her responsibilities include:

• defining and implementing a fiduciary strategy and offering for high-net-worth clients;
• fulfilling the position of chairperson of the fiduciary advisory forum;
• managing all internal and external fiduciary-related communication;
• keeping abreast of legislative and regulatory changes that affect fiduciary services and managing strategies to ensure these changes are implemented effectively; and
• managing relationships with service providers and a team of fiduciary specialists.
  

Experience, qualifications and memberships 

• Tracy has 28 years’ experience in the financial services industry.
• She holds a BCom Law degree and a Postgraduate Diploma in Financial Planning.
• She is a Certified Financial Planner® who is registered with the Financial Planning Institute, a Registered Trust and Estate Practitioner with the Society of Trust and Estate Practitioners, a Senior Estate and Financial Planning Practitioner/Senior Trust Administrator, and a member of the Fiduciary Institute of South Africa (FISA).

Sandra Smuts – Independent Legal Consultant and Principal Officer

Sandra’s role in the Nedbank Group
Sandra was appointed as the Independent Principal Officer of the Nedgroup Beneficiary Fund in June 2016. 

Experience and qualifications

• Sandra holds a BA and LLB degree as well as an Institute of Life and Pension Advisors (ILPA) Life Certificate of Competence.   
• She was admitted as an attorney in 1987.
• Her wealth of experience includes:
  • providing legal advice;
  • developing retail products and drafting retail policy contracts;
  • drafting retirement fund rules and member communication;
  • providing product and legal training to trustees and administrators;
  • interpreting proposed legislative and regulatory changes and assisting with the implementation of such changes; 
  • preparing death and early retirement claims for trustee consideration; and 
  • drafting responses to complaints made to the Pension
    Fund Adjudicator.

Aubrey Mtileni – Sponsor Trustee

Aubrey’s role in the Nedbank Group
Aubrey is the Governance and Compliance Officer at Nedbank Private Wealth. His responsibilities include:

• developing a regulatory framework for the business;
• serving as the subject matter expect on compliance projects and documenting compliance risk management plans; 
• providing statutory reporting to the regulators;
• creating awareness amongst internal stakeholders on regulatory requirements; and
• facilitating audits on compliance-related matters and managing the outcomes and findings of these audits.

Experience and qualifications

• Aubrey holds a Postgraduate Diploma in Compliance Management and a BCom degree in Accounting.
• He is currently studying towards his LLB and has one module remaining to complete the Registered Persons Examination from the South African Institute of Financial Markets (SAIFM). 
• Aubrey is also a JSE Compliance Officer through the SAIFM.

Lynette de Wet – Sponsor Trustee

Lynette’s role in the Nedbank Group
As a Trust Governance and Compliance officer for xxxxxx, Lynette is responsible for:

• reviewing, assessing and monitoring whether trusts conform to regulatory requirements; and
• ensuring compliance of the Employee Benefit Fund and Beneficiary Fund portfolios.

Qualifications and memberships

• Lynette holds a Diploma in Estate and Trust Administration, a Diploma in Estate and Financial Planning, an Associate Diploma, an Advanced Certificate in Leadership, as well as a National Certificate in Financial Markets Instruments.
• She has been a member of the Fiduciary Institute of South Africa (FISA) since 2005.

David Morris – Independent Trustee

David’s current role
David is independent from the Nedbank Group. His passion is training and educational upliftment in the retirement industry. In 2013, he was appointed as Programme Champion – Retirement Fund Trustee Training at the ASISA Academy. The role entails planning, researching, programming and presenting retirement fund trustee workshops as part of the Consumer Education Programme proposed in the Financial Sector Code Guidance Note GN800 (a).

Experience and qualifications

• David comes from an investment background. Between 2004 and 2015 he designed, implemented and administered the structured asset class for ABSA’s Dividend Income Fund. 
• David holds a BCom degree and postgraduate degree and is a CA(SA).