CAPE TOWN 21 May 2018 — Carrick Wealth today announced the appointment of Ben Nevin as Manager - Wealth Management and Advisory – Botswana.

Ben Nevin showed his leadership strengths while working as a Wealth Specialist for Carrick Wealth in the Western Cape, where he was also a member of the company’s internationally recognised award-winning Client Servicing Team in 2017.  

Carrick Chief Executive Officer Craig Featherby said that when he launched Carrick, one of the foundations of the business was to employ the best people they could find.

“From the get-go, Ben was decisive and maintained a high level of accountability,” said Featherby. “That, combined with his natural leadership ability, intelligence, and fortitude, made it an easy choice to head-up the Botswana office.

”Nevin, who holds a Bachelor of Laws degree from the University of South Africa and who attended the Carrick Development Academy (CDA) where he won the Top Wealth Specialist Trainee Award, said he jumped at the opportunity to head the Botswana office, and welcomed the challenge.

“My defining characteristic in the work place is my ability to fit in immediately and to add value fast — analysing situations and providing practical solutions is second nature to me,” he said.

Greg Stockton, Director: Wealth Management and Advisory, and who heads the Carrick International Division, said that Botswana — ranked 12th on the continent for the number of high net-worth individuals — was an important component in Carrick’s expansion in the rest of Africa.

“Botswana has political stability and a strong fiscal regulatory landscape, which makes for a great business environment in our sector,” said Stockton. “Nevin will hit the ground running and ensure we maintain a strong presence in the market.

”Nevin will take up his post with immediate effect.  He said that, “My career at Carrick thus far has reinforced in me the fundamentals of wealth management and creating lasting wealth for our clients. It remains our mission as a company — and my role as a leader — to grow, protect, and preserve our clients’ wealth.”

For more information, please contact:

Lynn Halliday
Marketing Manager
Carrick Wealth Management+27 21 201 1000 - ext. 1100  Or visit: www.carrick-wealth.com 

Note to Editors: Carrick Wealth is a registered financial services provider specialising in international financial planning. Carrick is also licensed in South Africa, Zimbabwe and Malawi, and holds three global licences in Mauritius. Carrick at all times maintains its independence with regard to product providers and asset managers, providing bespoke risk assessment, financial planning and other services to high net worth individuals (HNWI). Through our own qualified and experienced financial advisers, as well as through partnerships with industry leaders in the fields of foreign exchange, tax, international property, offshore bank accounts, trusts, wills and estate planning, Carrick is able to provide the highest levels of service for financial planning and investment requirements, both offshore and domestic.  

BLANTYRE, 5 February 2018, Carrick Wealth has opened for business in Malawi. This brings to five the number of countries in which it operates, including Botswana, South Africa, Zimbabwe, and Mauritius.

Carrick Chief Executive Officer Craig Featherby said Carrick’s Africa 2020 road map also included additional offices in Kenya, Ghana, Tanzania, Mozambique, and the Ivory Coast.

“We believe that the long-term growth projections for Africa, and especially those we have targeted, such as Malawi, are positive. All of them have shown an increase in GDP over the last five to seven years. And combined with the political stability in Malawi over the last 20 years, we believe this growth bodes well for our new office,” said Featherby.

Since 1993, Malawi held five presidential and parliamentary elections. According to a recent World Bank report, Malawi’s GDP growth in 2017 will be more than 4.5% — a 2% increase over last year. In addition, inflation between 2016 and 2017 dropped by 13.5%, to 9.3%.

Featherby pointed to other factors that would contribute to Malawi’s growth and support Carrick’s decision to open for business, the most important of which was urbanisation. Currently, an estimated 16% of its population of about 17 million lives in urban areas. This demographic is changing rapidly.

“The four major urban centres of Malawi are the economic core of the national economy,” he said. According to the World Bank, they comprise 33% of GDP, despite the small size of the urban population.

“Cities are a key to capturing Africa’s consumer opportunity,” said Featherby, noting out that in Nairobi, Kenya, per capita consumption is more than double the national average, and that the top three cities in Ghana account for more than 65 percent of national consumption.

“Africa’s rapid urbanisation, its young population, and its growing labour force makes it — and Malawi — a highly valuable asset in our plan to realise the potential of the continent’s economies,” he added.

Malawi Managing Director Gomez Kumwenda said that this was an exciting opportunity, for the Carrick team but also for the potential clients in the country.

“We believe that recent events in Malawi have emphasised the need to have in place strong fiscal regulatory controls, and that this has made doing business much more transparent and efficient,” he said. “We look forward to implementing our vision of working with clients on their long-term financial planning, helping to grow their wealth, protect it from excessive and unforeseen risk, and preserve it for their children.”

For more information, please contact:

Lynn Halliday
Marketing Manager
Carrick Wealth Management
+27 21 201 1000 - ext. 1100  +27 82 444 1100
Or visit: www.carrick-wealth.com 

Note to Editors:

Carrick Wealth is a registered South African financial services provider specialising in South African and international financial planning. Carrick is also licensed in Zimbabwe and Botswana, and holds three global licences in Mauritius. Carrick at all times maintains its independence with regard to product providers and asset managers, providing bespoke risk assessment, financial planning and other services to high net worth individuals (HNWI). Through its qualified and experienced wealth specialists, as well as through partnerships with industry leaders in the fields of foreign exchange, tax, international property, offshore bank accounts, trusts, wills and estate planning, Carrick is able to provide the highest levels of service for its clients financial planning and investment requirements, both offshore and domestic.

Cape Town, South Africa – 6 October 2016  

Carrick Wealth, the leading offshore investment advisory in Africa, is celebrating its second anniversary, and, in the same week, has opened an office in Gaborone that is fully compliant and regulated with the relevant authorities in Botswana.

The new Gaborone office in the Masa Centre is headed by Andrew Mhere, who is both the Managing Director of Carrick Wealth Botswana and Carrick Wealth Zimbabwe. He is supported by a team of diverse, highly qualified advisers.

With its headquarters in Cape Town and fully functioning offices in Johannesburg, Durban, Mauritius, Zimbabwe and now in Gaborone, Carrick Wealth is changing the face of the offshore financial services industry for high-net-worth clients and those starting out on their wealth journey.

[photo] Craig Featherby, Group Chief Executive Officer, says: “We’ve experienced extraordinary growth in such a short period of time and we are geared to extend the Carrick formula further into new markets in Africa.” 

In the 24 months that the Carrick Group of Companies has been in business, its growing team of specialist financial advisers is constantly kept abreast of all the changes regarding regulatory matters in the areas in which the Group operates.

A sophisticated technological platform is in place that keeps live-tracking of all activities connected with the industry, and with the business in particular, giving clients the surety that their investments are completely secure and monitored.  

As Carrick Wealth expands its footprint into Africa, it will be offering clients and advisers in each country the opportunity to experience professional, disciplined, innovative solutions and service. The Carrick team is growing, and now has 152 people working for the company – as against seven when Carrick first opened its doors exactly two years ago.

As the company celebrates its second anniversary, it can report that it has an advisory relationship with 787 clients, has over R2,2 million under management and has assisted in 443 QROPS pension transfers out of the United Kingdom into offshore structures.

Carrick Wealth offers clients in South Africa and elsewhere in Africa various financial and estate planning solutions, including the formation of offshore investment structures, portfolio management, private equity and venture capital asset allocations.        

MEDIA CONTACT:

Lynn Halliday (Group Marketing Manager)

CARRICK WEALTH
T: +27 (0)21 201 1000
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www.carrick-wealth.com