No clouding of issues in this lean business
PROFILE: CEO of Cloud Atlas Investing Maurice Madiba
With a brand-new firm and fresh investment vehicles, this entrepreneur is making it easier to invest in a selection of Africa’s biggest companies
At 30 years old, Maurice Madiba has set up SA’s first black-owned exchange traded fund (ETF) business and only its second black-owned collective investment scheme management company after African Collective Investments. Madiba named his business after a critically acclaimed 2012 film, Cloud Atlas. And yes, it was a firm he started in his mother’s garage, at the tail end of a successful spell at Deutsche Bank. He worked for two years developing and refining the business. By then he had been saturated in the Deutsche way of approaching equities and contracts for difference. Before that he had worked as a research analyst at the private equity firm Convergence Partners. He had also attended the Thabo Mbeki African Leadership Institute. He was a fellow of the Allan Gray Orbis Foundation, a large shareholder in venture capitalist E Squared. A year before Cloud Atlas listed, E Squared came on board as a financier. So it was logical for Madiba to turn to it for equity finance. Cloud Atlas ...
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