Loading...
DIRECTORS 2019-12-12T09:06:59+00:00

Chairperson

MARK OLIVIER (51) – Independent non-executive director
(British – based in Mauritius) CA (SA)
Date of appointment: 28 June 2016
Listed company directorships: 3
Committee Nomination

Mark has over 25 years’ experience in managing debt, property and private equity assets and providing corporate finance and strategic advice, predominantly to public companies in the United Kingdom. Prior to founding Hibridge Capital (a London-based boutique private equity and advisory business) in 2003, Mark was a shareholder and employee of Hawkpoint Partners, which was the management buy-out of NatWest Markets’ corporate finance business. Mark worked for BoE Limited where he served on the executive committee of the group’s international business. Mark also worked at KPMG (London) as a manager. Mark is the chairperson of Trellidor, the physical barrier security business in South Africa, and is the chairperson of African Rainbow Capital Investments Limited, an investment holding company listed on the Main Board of the JSE, focused on investing in financial services businesses and acquiring majority or significant minority interests in non-financial services businesses.

Executive directors

Stephen Delport (38) – Chief Executive Officer
(South African)
BSc (Hons) Mathematics
Date of appointment: 1 March 2016
Listed company directorships: 1
Committees: Investment and risk

Stephen has a BSc with a financial orientation, majoring in mathematics, mathematical statistics and economics and a BSc (Hons) Mathematics from the University of Johannesburg. Stephen started his career in 2003 in the asset management industry as a research analyst. He has gained a thorough insight into the global listed real estate industry, having managed several types of portfolios to date including collective investment schemes, exchange trade funds and hedge funds. Stephen joined Resilient REIT in 2007 and Rockcastle Global Real Estate Company Limited (”Rockcastle”) in 2012 and has been part of a successful and consistent property investment philosophy and process.

Jacobus “Kobus” van Biljon (43) – Chief Financial Officer
(South African – based in the Netherlands)
CA (SA), CFA, CAIA, CGMA
Date of appointment: 16 August 2017
Listed company directorships: 1

Kobus commenced his career at KPMG in Johannesburg, completed his articles in 2003 and focused on the banking and real estate sectors. In 2006 he transferred to KPMG in New York City, where he spent several years as advisor and consultant to global real estate, private equity, and other alternate asset management firms. He joined Rockcastle in 2014, initially working on Zambian and Polish retail property investments. In March 2015, he joined the Resilient Africa team in Lagos, Nigeria, as chief financial officer. He joined Lighthouse in 2017.

Jan Wandrag (40)- Chief Operating Officer
(South African – based in Mauritius)
BCom (Law)
Date of appointment: 22 August 2016
Listed company directorships: 1
Committee: Social and ethics

Jan joined Lighthouse Capital from Maitland in Mauritius where he managed their operations and business development from 2013. Jan served as a director and trustee on numerous companies and trusts set up on behalf of high net worth individuals and families, corporations and various funds. Before joining Maitland, Jan managed a team at GMG Trust Company which provided independent administration services to corporate structures, including syndications, securitisations, B-BBEE structures, hedge funds, property investment trusts and debenture trusts from 2009. During this time, he served as director of JSE listed entities, including financial vehicles created by banks and other blue chip organisations. From 2006 to 2009, Jan worked as a legal officer at Integer and was part of the teams responsible for providing legal advice, collections, credit processes and product development. Jan holds a B.Com (Law) degree from the University of Johannesburg.

Justin Muller (36) – Chief Investment Officer
(South African – based in the Netherlands)
CA (SA),
Date of appointment: 13 May 2019
Listed company directorships: 1

Justin completed his articles at FirstRand Bank Limited in 2008, whereafter he transferred to the Rand Merchant Bank Real Estate Investment Banking division. He spent two years as a real estate credit analyst and then three years as a real estate structured finance transactor, focusing on development finance and portfolio lending to the listed property sector. He joined Resilient REIT Limited in 2013 with an emphasis on acquisitions, transaction structuring and developments in Africa. In 2017, he joined Lighthouse as the head of transactions.

Non-executive directors

Karen Bodenstein (38) – Independent non-executive director
(Mauritian)
BCom (Accounting Sciences)
Date of appointment: 27 September 2016
Listed company directorships: 1
Committees: Audit (chairperson), nomination and risk (chairperson) 

Karen is an accountant with over 15 years’ post-articles experience in reporting and the preparation of company management and financial accounts. She works as a consultant providing management and financial accounting services to global and domestic companies in Mauritius. She has exposure to directorships on listed companies on both the Stock Exchange of Mauritius and the Johannesburg Stock Exchange. She was an executive director of Rockcastle Global Real Estate Limited, where she was the chairperson of the risk and ethics committee and is currently the CFO of African Rainbow Capital Investments Limited. She holds a BCompt (Accounting Sciences) degree from the University of South Africa and an Advanced Diploma in Management Accounting from the Chartered Institute of Management Accountants. Karen has been living in Mauritius since 2007.

Dave Axten (51) -Independent non executive director
(British/South African – Based in Mauritius)
BCom in Economics and Business Economics
Date of appointment: 17 January 2019
Listed company directorships: 1
Committees: Remuneration, risk and social and ethics

David is an executive director of Axfin Holdings Ltd, a Mauritian company offering business development services to the financial services industry. David is a Mauritian resident having initially arrived in Mauritius with Rand Merchant Bank 20 years ago. He has spent 25 years operating in the financial and capital market. David has a BCom in Economics and Business Economics.

Paul Edwards (65) – Independent non-executive director
(British – based in Mauritius)
BSc and MBA
Date of appointment: 17 January 2019
Listed company directorships: 2
Committees: Audit, investment (chairman), nomination (chairman) and remuneration

Paul is chairperson of Equilibre Bioenergy Production Limited, a bio-energy business based in Mauritius and a non-executive director and deputy chairperson of the NASDAQ listed NET1 UEPS Limited. He was executive chairperson of Emerging Markets Payments Holdings, an Africa and Middle East payments business. Paul has been chairperson of Starcomms Limited, a Nigerian telecommunications operator that listed on the Nigeria Stock Exchange and Chartwell Capital, a boutique investment bank. Prior to that, he was the chief executive officer of MTN Group, a pan-African mobile operator and Multichoice/DSTV, a pan-African satellite TV business.

Barry Stuhler (62) – Independent non-executive Director
(South African)
BCom, BAcc, CA(SA)
Date of appointment: 16 August 2017
Listed company directorships: 1
Committees: Audit, investment, nomination,remuneration (chairman) and social and ethics (chairman)

Barry is a chartered accountant who completed his articles with Arthur Young. Barry’s experience includes management of the Part Bond Scheme and Gilt Fund for Hill Samuel Merchant Bank. He was financial director of Integrated Property Resources and managing director of Intaprop Management Services, the property management company for the Intaprop group. In 1994, Barry cofounded Inline Properties, a property management and corporate property advisory company. Barry was a founding director of Resilient REIT Limited. In 2004, he became managing director of Property Fund Managers Limited (PFM), the asset manager of Capital Property Fund (“Capital”). He joined the Pangbourne Properties Limited (“Pangbourne”) board as executive director in 2007 and served as the managing director of the company from 2008 to 2015. After the merger with Pangbourne, Barry was reappointed as managing director of PFM. Subsequent to the merger between Capital and Fortress, Barry retired as an executive director.

Chairperson

MARK OLIVIER (51) – Independent non-executive director
(British – based in Mauritius) CA(SA)
Date of appointment: 28 June 2016
Listed company directorships: 3
Committee Nomination

Mark has over 25 years’ experience in managing debt, property and private equity assets and providing corporate finance and strategic advice, predominantly to public companies in the United Kingdom. Prior to founding Hibridge Capital (a London-based boutique private equity and advisory business) in 2003, Mark was a shareholder and employee of Hawkpoint Partners, which was the management buy-out of NatWest Markets’ corporate finance business. Mark worked for BoE Limited where he served on the executive committee of the group’s international business. Mark also worked at KPMG (London) as a manager. Mark is the chairperson of Trellidor, the physical barrier security business in South Africa, and is the chairperson of African Rainbow Capital Investments Limited, an investment holding company listed on the Main Board of the JSE, focused on investing in financial services businesses and acquiring majority or significant minority interests in non-financial services businesses.

Executive directors

Stephen Delport (38) – Chief Executive Officer
(South African)
BSc (Hons) Mathematics
Date of appointment: 1 March 2016
Listed company directorships: 1
Committees: Investment and risk

Stephen has a BSc with a financial orientation, majoring in mathematics, mathematical statistics and economics and a BSc (Hons) Mathematics from the University of Johannesburg. Stephen started his career in 2003 in the asset management industry as a research analyst. He has gained a thorough insight into the global listed real estate industry, having managed several types of portfolios to date including collective investment schemes, exchange trade funds and hedge funds. Stephen joined Resilient REIT in 2007 and Rockcastle Global Real Estate Company Limited (”Rockcastle”) in 2012 and has been part of a successful and consistent property investment philosophy and process.

Jacobus “Kobus” van Biljon (43) – Chief Financial Officer
(South African – based in the Netherlands)
CA (SA), CFA, CAIA, CGMA
Date of appointment: 16 August 2017
Listed company directorships: 1

Kobus commenced his career at KPMG in Johannesburg, completed his articles in 2003 and focused on the banking and real estate sectors. In 2006 he transferred to KPMG in New York City, where he spent several years as advisor and consultant to global real estate, private equity, and other alternate asset management firms. He joined Rockcastle in 2014, initially working on Zambian and Polish retail property investments. In March 2015, he joined the Resilient Africa team in Lagos, Nigeria, as chief financial officer. He joined Lighthouse in 2017.

Jan Wandrag (40)- Chief Operating Officer
(South African – based in Mauritius)
BCom (Law)
Date of appointment: 22 August 2016
Listed company directorships: 1
Committee: Social and ethics

Jan joined Lighthouse Capital from Maitland in Mauritius where he managed their operations and business development from 2013. Jan served as a director and trustee on numerous companies and trusts set up on behalf of high net worth individuals and families, corporations and various funds. Before joining Maitland, Jan managed a team at GMG Trust Company which provided independent administration services to corporate structures, including syndications, securitisations, B-BBEE structures, hedge funds, property investment trusts and debenture trusts from 2009. During this time, he served as director of JSE listed entities, including financial vehicles created by banks and other blue chip organisations. From 2006 to 2009, Jan worked as a legal officer at Integer and was part of the teams responsible for providing legal advice, collections, credit processes and product development. Jan holds a B.Com (Law) degree from the University of Johannesburg.

Justin Muller (36) – Chief Investment Officer
(South African – based in the Netherlands)
CA (SA),
Date of appointment: 13 May 2019
Listed company directorships: 1

Justin completed his articles at FirstRand Bank Limited in 2008, whereafter he transferred to the Rand Merchant Bank Real Estate Investment Banking division. He spent two years as a real estate credit analyst and then three years as a real estate structured finance transactor, focusing on development finance and portfolio lending to the listed property sector. He joined Resilient REIT Limited in 2013 with an emphasis on acquisitions, transaction structuring and developments in Africa. In 2017, he joined Lighthouse as the head of transactions.

Non-executive directors

Karen Bodenstein (38) – Independent non-executive director
(Mauritian)
BCom (Accounting Sciences)
Date of appointment: 27 September 2016
Listed company directorships: 1
Committees: Audit (chairperson), nomination and risk (chairperson) 

Karen is an accountant with over 15 years’ post-articles experience in reporting and the preparation of company management and financial accounts. She works as a consultant providing management and financial accounting services to global and domestic companies in Mauritius. She has exposure to directorships on listed companies on both the Stock Exchange of Mauritius and the Johannesburg Stock Exchange. She was an executive director of Rockcastle Global Real Estate Limited, where she was the chairperson of the risk and ethics committee and is currently the CFO of African Rainbow Capital Investments Limited. She holds a BCompt (Accounting Sciences) degree from the University of South Africa and an Advanced Diploma in Management Accounting from the Chartered Institute of Management Accountants. Karen has been living in Mauritius since 2007.

Dave Axten (51) -Independent  non executive director
(British/South African – Based in Mauritius)
BCom in Economics and Business Economics
Date of appointment: 17 January 2019
Listed company directorships: 1
Committees: Remuneration, risk and social and ethics

David is an executive director of Axfin Holdings Ltd, a Mauritian company offering business development services to the financial services industry. David is a Mauritian resident having initially arrived in Mauritius with Rand Merchant Bank 20 years ago. He has spent 25 years operating in the financial and capital market. David has a BCom in Economics and Business Economics.

Paul Edwards (65) – Independent non-executive director
(British – based in Mauritius)
BSc and MBA
Date of appointment: 17 January 2019
Listed company directorships: 2
Committees: Audit, investment (chairman), nomination (chairman) and remuneration

Paul is chairperson of Equilibre Bioenergy Production Limited, a bio-energy business based in Mauritius and a non-executive director and deputy chairperson of the NASDAQ listed NET1 UEPS Limited. He was executive chairperson of Emerging Markets Payments Holdings, an Africa and Middle East payments business. Paul has been chairperson of Starcomms Limited, a Nigerian telecommunications operator that listed on the Nigeria Stock Exchange and Chartwell Capital, a boutique investment bank. Prior to that, he was the chief executive officer of MTN Group, a pan-African mobile operator and Multichoice/DSTV, a pan-African satellite TV business.

Barry Stuhler (62) – Independent non-executive Director
(South African)
BCom, BAcc, CA(SA)
Date of appointment: 16 August 2017
Listed company directorships: 1
Committees: Audit, investment, nomination,remuneration (chairman) and social and ethics (chairman)

Barry is a chartered accountant who completed his articles with Arthur Young. Barry’s experience includes management of the Part Bond Scheme and Gilt Fund for Hill Samuel Merchant Bank. He was financial director of Integrated Property Resources and managing director of Intaprop Management Services, the property management company for the Intaprop group. In 1994, Barry cofounded Inline Properties, a property management and corporate property advisory company. Barry was a founding director of Resilient REIT Limited. In 2004, he became managing director of Property Fund Managers Limited (PFM), the asset manager of Capital Property Fund (“Capital”). He joined the Pangbourne Properties Limited (“Pangbourne”) board as executive director in 2007 and served as the managing director of the company from 2008 to 2015. After the merger with Pangbourne, Barry was reappointed as managing director of PFM. Subsequent to the merger between Capital and Fortress, Barry retired as an executive director.