Laurence Cohen new Vukile Property Fund CFO

Vukile Property Fund has appointed Laurence Cohen as its new CFO with effect from 1 March.

Vukile Property Fund announced on Monday that it will appoint Laurence Cohen as its chief financial officer designate with effect from 1 March 2019. He will also be appointed to the Vukile Board of Directors on 1 July. 

Vukile CEO, Laurence Rapp, says: 

“We are thrilled to attract someone of the calibre of Laurence Cohen, with his keen knowledge and experience in the REIT sector and specifically retail property and international investment. This, together with his extensive financial management expertise, makes him the ideal candidate to take Vukile into the future.”

Cohen will be be succeeding current FD Mike Potts, who has retired with effect from 30 June 2019.

“Mike has maintained the highest standard of leadership and financial stewardship in his years as FD. His tenure is distinguished by a legacy of tremendous transparency and clarity in reporting. It has been my great fortune and privilege to work with such an accomplished executive, who with his integrity, talent and mentorship has contributed so much to Vukile’s success. We are pleased that Mike will stay with the group as a non-executive director of Castellana and serve on its audit committee,” says Rapp.

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Cohen has served as financial director of Hyprop investments for nearly 15 years and has led the SA REIT Association’s Accounting and JSE Committee. He was instrumental in formulating the Best Practice Recommendations for the sector. Before Hyprop, Cohen spent three years in Grant Thornton’s corporate finance division. 

Cohen said: 

“I believe Vukile is an excellent fit for me and I am delighted to join Vukile’s exceptional management team at this exciting time for the company and in a position where I can apply my deep knowledge and experience of the workings of the listed property sector. Vukile is a well-managed company, it has a strong independent board and a clear strategy. I look forward to being a part of the company’s continued growth.”