Lindiwe Ndlela new 4AX CFO

4 Africa Exchange (4AX) has announced two new executive appointments to its management team, namely Lindiwe Ndlela (pictured) as chief financial officer and Anthony van Eden as chief operating officer.

Ndlela joined the exchange in July, bringing with her extensive experience in the ICT, manufacturing and engineering industries, as well as extensive financial, risk and strategic management know-how.

Van Eden joined at the beginning of August, taking over from Desmond Mahony. He will be responsible for implementing the exchange's strategy, as well as overseeing daily operations.

Fay Mukaddam, 4AX CEO, said:

"We are thrilled to have both Lindiwe Ndela and Anthony van Eden join the 4AX team, where their individual years of experience and new ways of thinking will add great value to the business and position it for significant growth as we continue to focus on contributing to developing and deepening the local capital markets."

Ndlela is a qualified CA (SA) and previously served as the CFO of the Manufacturing, Engineering and other Related Services Sectorial Education and Training Authority. She was also appointed as a council member to the Mpumalanga Human Resources and Development Council, and has served as a non-executive director for Oriole HealthCare Administrators Pty (Ltd).

Also a CA (SA), Van Eden's career achievements include the integration of the operations of the merged entities comprising Stanlib, and he was fully responsible for the electronic Money Market Settlement system in South Africa - a world first. Further to this, he was responsible for the launch, implementation and selling of Strate's Collateral Management Services to the banks, the JSE and securities lending and borrowing desks. He also headed the market task team responsible for the recent amendments to the Securities Transfer and Tax Acts critical to the success of the Services.