Central securities depository Strate has expanded its board by naming three new directors.
The new directors are Bond Exchange CEO Tom Lawless, Leon Campher of the Investment Managers' Association of SA and Stephan Malherbe, an independent director from Genesis Analytics.
Strate merged in July with the Central Depository (CD) and Universal Exchange Corporation (Unexcor), creating a single electronic settlement house for the country.
"All three appointments are an important element of the Strate team and will enhance Strate's operating efficiency especially since the merger with Unexcor and CD and now that Strate will settle bonds and money market instruments in addition to equities," says Strate CEO Monica Singer.
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