In our rapidly-evolving global market, the choice of fund domiciliation has become an increasingly salient issue for both investors and fund managers looking for efficiency, stability and transparency.
Jersey Finance therefore commissioned an independent research report from African Business Magazine surveying more than 60 LPs and GPs operating in jurisdictions worldwide and with a connection to South African managers to explore the emerging trends for fund domiciliation and capital raising, particularly as a route for private equity impact investing into the wider African continent.
Born in Liverpool, Allan has more than 25 years’ financial service experience in Jersey and the UK.
As Global Head of Business Development, Allan is responsible for overseeing the promotion of Jersey as a leading international finance centre across key strategic overseas markets including Africa, the Gulf region, Asia, the US and the UK.
Allan joined Jersey Finance in 2015 as Business Development Director, before being promoted to Regional Head – West, where he was responsible for overseeing the Africa, US and UK markets.
Prior to Jersey Finance, Allan spent five years with Barclays in Jersey, where he was Vice President and leader of the Jersey International business within Barclays Wealth & Investment Management division. Before this, he spent 20 years with Royal Bank of Scotland.
A keen runner in his spare time, Allan successfully completed the London Marathon in 2014 and 2016, while he is also Chairman of The Grace Crocker Family Support Foundation, a Director of Jersey 2 Africa 4 Football Foundation, and an advisor to the Cherie Blair Foundation’s 100,000 Women Campaign Board.
Elliot re-joined Jersey Finance in November 2018 from Crestbridge where he managed their Management Company Services Group.
Elliot is focussed on defining strategy and execution of marketing Jersey as both a domicile and destination for Hedge and Private Equity Management Companies and Funds.
Elliot moved to Jersey in 2006 to establish a Macro strategy Hedge Fund under the Ermitage umbrella for whom he also seeded other Macro / CTA strategy Hedge Funds.
Elliot founded the Jersey Hedge Fund Managers Group aimed at linking the growing community of local Managers and is a committee member of the Jersey Funds Association and the BVCA Channel Islands working group.
Desné Masie Head of Strategic Advisory and Business Intelligence, IC Publications
Dr Desné Masie is an economist and thought leader in international financial markets, specialising in investment funds, technology, regulation and policy. She has held senior roles in academia, media and finance in the UK and South Africa. She is the chief strategist and founding partner at strategic advisory firm, IC Intelligence. Dr Masie is also the editorial director of the African Business magazine and podcast, and a columnist for Business Day. In London, she has been a senior associate in financial services at Global Counsel; the director of the Investec Investment Institute; and the corporate relations manager of the Royal African Society. In Johannesburg, she was a senior editor of the Financial Mail and a consultant at Alexander Forbes Group, South Africa's largest investment multi-manager. Dr Masie holds a PhD in Accounting & Finance from The University of Edinburgh Business School and an MSc in Finance & Financial Law from The University of London, SOAS.
Derrick Roper Group Chief Information Officer and Managing Director, Novare Equity Partners
Derrick Roper is a qualified actuary. He graduated from the University of Stellenbosch in South Africa and is a Fellow of the Institute of Actuaries in England. Before joining Novare he worked for a number of large financial services companies in South Africa including Sanlam and Gensec Asset Management. He spent some time in the United Kingdom where he gained experience in investment product development in the pension fund market. Derrick co-founded Novare in October 2000. He is a regular commentator on industry topics in the financial media and has addressed numerous conferences across the globe. Derrick’s areas of expertise include asset-liability matching, strategic asset allocation, alternative investments and private equity investments in sub-Saharan Africa. Derrick’s tendency to innovate in product development saw Novare launch the first South African Fund of Hedge Funds in 2003, and subsequently, the first Novare Africa Property Fund in 2010.
Tim Streeter Head of Investor Relations, Private Infrastructure Development Group
Tim Streeter is Head of Investor Relations at the Private Infrastructure Development Group (PIDG). Tim joined PIDG in September 2019 from Deutsche Pfandbriefbank AG (pbb) London, where he was Head of Loan Markets in the bank’s Public Investment Finance Team. He led the bank’s syndication activities and successfully established and maintained relationships with both banks and institutional investors, as the bank built a portfolio of infrastructure-related and export credit agency-backed assets. He was also a member of the bank’s new deal committee for Public Investment Finance business and of the London branch’s operating committee. Prior to joining pbb, Tim held various positions in investment banks in the field of debt capital markets in UBS (in both London and Tokyo), Commerzbank (in the field of Emerging Markets) and Mizuho Bank.
Cindy Valentine International Funds Partner, Simmons & Simmons
Cindy is an international funds partner at Simmons & Simmons, who focuses on emerging markets, in particular Africa. She acts for many high profile GP’s on private equity fundraising structures, permanent capital vehicles, segregated mandates, carry and coinvest structuring and alternative structures across a range of assets including real estate, infrastructure, mid-market, and venture. She also acts for DFI’s and IFI’s investing into funds. Simmons & Simmons won the Private Equity Africa Law Firm of the year for Funds in 2018.
Fadi Bassir Investment Manager, CDC Group PLC
Fadi is an Investment Manager at CDC Group plc, the UK’s Development Finance Institution, focussed on fund investments across Africa and strategies (private equity, private credit, venture capital and sector-focussed funds). Prior to CDC, he worked in corporate finance at EY in London. He is a chartered accountant (UK) and holds a degree in engineering (B/MEng) from Imperial College London.
Peter Mason Partner, Rockwood Private Equity
Peter, a lawyer by training and background, is a partner of Rockwood Private Equity. Rockwood is private equity fund operating in South Africa with a portfolio of large industrial assets and an investment history focussing on the industrial and service sectors. Prior to joining Rockwood, Peter spent some time working at Nedbank and subsequently Absa Capital (the South African investment banking division of Barclays Capital) where he was the General Counsel of the Corporate and Investment Bank. Immediately after leaving banking Peter was a director of the large South African commercial law firm Werksmans Attorneys where he advised on finance law, funds and private equity related matters.
Nhlanganiso Mkwanazi Executive Director, Medu Capital
Nhlanganiso Mkwanazi is an Executive Director of Medu Capital. He has 26 years of experience in auditing, management consulting and private equity. Prior to joining Medu Capital, Nhlanganiso worked in auditing at Deloitte, management consulting at Gemini Consulting and private equity at Brait Private Equity. He has been with Medu Capital for 17 years. Nhlanganiso serves on various boards of companies in industrial, technology and financial services. Nhlanganiso qualified as a Chartered Accountant (South Africa) and is a CFA charter holder.
Welcome and Introduction – Allan Wood, Global Head of Business Development, Jersey Finance
Report Overview – Dr Desné Masie, Chief Strategist, IC Intelligence and Editorial Director, African Business Magazine (report author)
LP-GP Panel Session:
- Cindy Valentine, Partner, Simmons & Simmons (Moderator)
- Tim Streeter, Head of Investor Relations, Private Infrastructure Development Group
- Fadi Bassir, Investment Executive, CDC Group
- Peter Mason, Partner, Rockwood Private Equity
- Nhlanganiso Mkwanazi, Founder and CEO, Medu Capital
- Derrick Roper, Group Chief Information Officer and Managing Director, Novare Equity Partners
Jersey Funds Offering – Elliot Refson, Head of Funds, Jersey Finance
Thanks – Allan Wood, Global Head of Business Development, Jersey Finance