It has been just over a year since Andrew Darfoor took over as CEO at Alexander Forbes, and in that time he has had to cope with tough domestic operating conditions, increased competition from peers and an uncertain future from ventures into Africa. But he does not seem bothered that his quest to turn things around at the financial services provider often requires that he make several trips back to the drawing board. Necessary evil Under Darfoor's watch, the group sold off its UK assets Lane Clark & Peacock last year to focus on its operations at home and in emerging markets. It also sold a 10% stake to Patrice Motsepe's African Rainbow Capital and has had a management reshuffle. Leon Greyling and Bernhard Schluep joined the management team after several departures by former executives. Now the company is upbeat about the prospects of its latest safari into Africa dubbed "Ambition 2022", a strategy in which it is aiming to position itself as a pan-African financial services provider...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.