Liberty Holdings plans to appoint the chief executive officer of its Stanlib asset management unit to oversee its expansion in the rest of the continent, according to two people with knowledge of the matter. Seelan Gobalsamy will start the role from March 1 as the company seeks to bring businesses with the strongest growth potential inside and outside SA under one head, the people said, asking not to be identified because news of the change has not been announced publicly. He will retain his role at Stanlib until a replacement is found, they said. The change was announced to staff on February 17 and forms part of a strategic review Liberty CEO Thabo Dloti started in September, the people said. Giles Heeger, the CEO of Liberty’s LibFin unit, will move into a new role created within Stanlib, where he will report to the asset-management unit’s CEO to bring all the company’s investment capabilities under one area, the people said. Chief Actuarial Officer David Jewell will be brought int...

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