PROFILE: Ashburton’s Nkareng Mpobane in the pound seat
With 13 years of experience in the investment industry, Eastern Cape-born Mpobane has taken the reins at Ashburton
At its annual results, FirstRand admitted that its asset management business, Ashburton Investments, will take years to become profitable. It will be up to the new chief investment officer for listed assets, Nkareng Mpobane, to build a competitive investment offering. She takes over from longstanding CIO Paolo Senatore.Mpobane, a youthful 38, joined the FirstRand group as a relationship manager at RMB Private Bank in 2003, moving to the investment team two years later. Apart from a short stint at the now defunct BoE Stockbrokers, she has been at the group ever since.She experienced at first hand a bull market, followed by the severe correction of the global financial crisis — unlike many of her younger colleagues, who have only ever experienced rising prices. As a senior financial services analyst, she saw her share of collapsed international businesses in 2008.FirstRand has not helped Ashburton’s financial position by moving its lucrative private client business back into the bank ...
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