John Field - Chairman
John Field was born in Sydney, Australia. He completed his degree in chartered accounting on a scholarship from the University of Western Australia in 1974. He then immigrated to South Africa with his wife.
Field completed his South African chartered accounting degree and MBA at the University of the Witwatersrand, also obtaining qualifications as a commercial and industrial specialist and as a trust and estate practitioner. In 1991 he joined Fedsure as managing director and 35% shareholder of its Participation Bond scheme, FedBond. Ten years later, he bought out Fedsure's 65% in the Participation Bond business and launched Fedgroup as an independent company.
Under his leadership, Fedgroup became South Africa's leading independent financial services company, constantly innovating and adding new products to the offering. Fedgroup is now one of the biggest holders of licences in the local financial services industry, which includes licences for collective investment schemes, asset management, life insurance, employee benefits, trust administration and fund administration.
Grant Field – Group Chief Executive Officer
Grant Field has been the CEO of Fedgroup since 2015, having worked for the group since 2002.
Field's unique approach is informed by his broad experience in the financial services industry, underpinned by his BSc in Engineering, an MBA and years of work within the IT space. After joining the company to help set up the IT department, his expertise in the aforementioned disciplines saw him being promoted to the position of Fedgroup's COO. He was personally responsible for initiating a software project to design a bespoke system specialising in the administration of all Fedgroup lines of business.
In his current position as CEO, Field is spearheading a client-centric, personalised approach to the provision of financial services, which is no longer the industry norm. This is made possible by the independence offered by the Fedgroup business model. In addition, Grant is ensuring that Fedgroup remains at the cutting edge of developments in the financial services space through the integration of technologies such as AI (artificial intelligence), IoT (Internet of things), peer-to-peer models and blockchain, amongst others.
Edwin Letty – Lead Independent Director
Edwin Letty's long résumé boasts numerous directorship positions, both in an executive and non-executive capacity. He is an admitted attorney, notary and conveyancer.
After 25 years in private practice, Mr. Letty was appointed as the CEO of a leading long-term insurance company. He has extensive specialised experience in fiduciary services and serves as a consultant, representative trustee and director of various trusts and securitisation companies. In 2002, he was granted an honorary life membership of the prestigious Golden Key International Honours Society.
Walter van der Merwe – Chief Executive Officer – Fedgroup Life
Walter van der Merwe joined Fedgroup as CEO of Fedgroup Life seven years ago, when the decision was taken to transform Fedgroup from a specialist trust and participation bond company into a fully-fledged life insurance group.
Throughout the years that followed, Van der Merwe oversaw the process of acquiring new licenses, building new systems, innovating products and services, and employing the right people. Today, Fedgroup is one of the few life insurance companies that hold ten licenses in the financial services industry.
Fedgroup continues to benefit from Van der Merwe's 25 years in the industry, actuarial expertise and his passion for Fedgroup's products and services, as well as treating customers fairly.
Lerato Okeyo – Independent Non-Executive Director
Lerato Okeyo has years of experience in private equity investments, including heading a number of BEE investment companies, such as the CIDA Empowerment Fund. She served in various company leadership structures during her career, and in various capacities, including chairperson, independent non-executive director and trustee.
Ms Okeyo graduated from the University of Lesotho in 1997 with a BSc in Mathematics and Computer Science, and in 2005 completed her Master's in Business Administration at the Wits Business School. She completed her MBA electives in finance at the Cranfield School of Management (UK).
Roger Pitt – Independent Non-Executive Director
After completing his articles, Roger Pitt moved into corporate finance, where he gained broad experience in the full scope of corporate actions. He owns and runs an import and distribution business in the medical industry and sits on the boards and committees of various private and listed companies. Mr. Pitt is a Chartered Accountant with a B.Com. (Hons) (Accounting) degree from the University of Johannesburg.
Tavio Roxo – Independent Non-Executive Director
After obtaining an LLB (Wits), Tavio Roxo started specialising in commercial law, which was then followed by a PDBA (GIBS) as his passion for business grew. He co-founded OWLS Insurance Software, that assists industry role players to administer a policy from inception to termination.
Scott Field – Non-Executive Director
Scott Field is the CEO of Fedgroup's sister company, Fieldspace Property Group, and a non-executive director of Fedgroup. He holds a CA(SA) and is passionate about the South African property industry.
Scott was previously Fedgroup's chief financial officer and has 11 years of experience in the financial services industry.