Retail tycoon Christo Wiese has replaced his son, Jacob Wiese, as his alternate on the board of investment holding company Brait, with the former head of RMB's global corporate finance business, Paul Roelofse.

Roelofse is a co-founder of Oryx Partners, which will manage Wiese's family office and be a strategic business partner for the family. A qualified chartered accountant, Roelofse had “led a number of pioneering transactions during his banking career,” the statement read.

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