Kim stepped down from her role as executive director at Investec to focus on her role as CFO.
Following the demerger of Investec Asset Management from the Investec Group, the new Ninety One has announced the appointment of Kim McFarland as its CFO.
Kim will be stepping down from the Investec board as an executive director with effect from 16 March.
She joined Investec Asset Management in 1993 as its CFO and COO to manage the financial and operational growth of the business. In October 2018, she was appointed as an executive director of Investec.
Prior to joining Investec Asset Management, Kim served as financial and operations manager at two South African life insurance companies. She has also been a non-executive director of the Investment Association (UK) since 2015.
She graduated from the University of Witwatersrand with degrees in commerce and accounting and subsequently qualified as a CA(SA) with PwC in 1987. She also holds an MBA degree from the University of Cape Town.
Joint CEO Hendrik du Toit will be stepping down from his role at Investec to become the new CEO for Ninety One. Fani Titi will continue as the sole CEO of Investec.
In a statement, Investec thanked Hendrik and Kim for their exemplary service, dedication and commitment to the group. “They go with the board’s very best wishes to their roles at an independent Ninety One.”