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DIRECTORS 2019-09-24T13:56:33+00:00

Our Team
Chairman

MARK OLIVIER (50) – Independent non-executive director
(British – based in Mauritius) CA(SA)
Date of appointment: 28 June 2016
Listed company directorships: 3

Mark has over 20 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 performed 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 chairman of Trellidor, the physical barrier security business in South Africa, and is the chairman of African Rainbow Capital Investments Limited, an investment holding company focused on investing in financial services businesses and acquiring majority or significant minority interests in non-financial services businesses.

Executive directors

Stephen Delport (37) – 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 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 (42) – 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 consultant to global real estate and private equity asset management firms. He joined Rockcastle in 2014, initially working on Zambian retail property investments. In March 2015, he joined the Resilient Africa team in Lagos, Nigeria, as chief financial officer

Jan Wandrag (39)- 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 in 2016 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, BEE 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 Jamer Muller (35) – Chief investment officer
(South African – based in the Netherlands)
CA(SA),
Date of appointment: 13 May 2019
Listed company directorships: 1

Justin (CA(SA)), 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 (37) – 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 completed her articles at BDO Spencer Steward in South Africa in 2004 and rose to the position of senior auditor, gaining invaluable experience in a wide variety of South African businesses. She has 12 years’ experience in the construction and development industry, having been closely involved working as the management accountant in a number of property-related companies, including a leading Mauritian property development organisation and medium-sized South African construction company. For the last three years she has been managing her own business, providing consulting and accounting services to a range of global business companies in Mauritius. Karen has been living in Mauritius since 2007.

Dave Axten (51) -Independent  Non Executive Director
(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

Dave has been a director and shareholder of Frontiere Finance, a Mauritian financial services business that was acquired by the Axys Group. Dave has many years of financial service and banking experience having been in this field since the early 1990’s in a number of roles at a variety of institutions. Dave has a BCom in Economics and Business Economics. The nomination committee has considered the past performance and contribution of each of the directors standing for re-election and recommends that they be re-elected as directors of the company.

Paul Edwards (65) – Independent non-executive Director
(South African – 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 Chairman of Equilibre Bioenergy Production Limited, a bio-energy business based in Mauritius and a non-executive director of the NASDAQ listed NET1 UEPS Limited. He was executive Chairman of Emerging Markets Payments Holdings, an Africa and Middle East payments business. Paul has been chairman 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 (61) – Independent non-executive Director
(South African)
BCom, BAcc, CA(SA)
Date of appointment: 16 August 2017
Listed company directorships: 2
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. He joined the Pangbourne Properties Limited 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.

Our Team
Chairman

MARK OLIVIER (50) – Independent non-executive director
(British – based in Mauritius) CA(SA)
Date of appointment: 28 June 2016
Listed company directorships: 3

Mark has over 20 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 performed 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 chairman of Trellidor, the physical barrier security business in South Africa, and is the chairman of African Rainbow Capital Investments Limited, an investment holding company focused on investing in financial services businesses and acquiring majority or significant minority interests in non-financial services businesses.

Executive directors

Stephen Delport (37) – 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 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 (42) – 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 consultant to global real estate and private equity asset management firms. He joined Rockcastle in 2014, initially working on Zambian retail property investments. In March 2015, he joined the Resilient Africa team in Lagos, Nigeria, as chief financial officer

Jan Wandrag (39)- 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 in 2016 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, BEE 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 Jamer Muller (35) – Chief investment officer
(South African – based in the Netherlands)
CA(SA),
Date of appointment: 13 May 2019
Listed company directorships: 1

Justin (CA(SA)), 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 (37) – 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 completed her articles at BDO Spencer Steward in South Africa in 2004 and rose to the position of senior auditor, gaining invaluable experience in a wide variety of South African businesses. She has 12 years’ experience in the construction and development industry, having been closely involved working as the management accountant in a number of property-related companies, including a leading Mauritian property development organisation and medium-sized South African construction company. For the last three years she has been managing her own business, providing consulting and accounting services to a range of global business companies in Mauritius. Karen has been living in Mauritius since 2007.

Dave Axten (51) -Independent  Non Executive Director
(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

Dave has been a director and shareholder of Frontiere Finance, a Mauritian financial services business that was acquired by the Axys Group. Dave has many years of financial service and banking experience having been in this field since the early 1990’s in a number of roles at a variety of institutions. Dave has a BCom in Economics and Business Economics. The nomination committee has considered the past performance and contribution of each of the directors standing for re-election and recommends that they be re-elected as directors of the company.

Paul Edwards (65) – Independent non-executive Director
(South African – 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 Chairman of Equilibre Bioenergy Production Limited, a bio-energy business based in Mauritius and a non-executive director of the NASDAQ listed NET1 UEPS Limited. He was executive Chairman of Emerging Markets Payments Holdings, an Africa and Middle East payments business. Paul has been chairman 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 (61) – Independent non-executive Director
(South African)
BCom, BAcc, CA(SA)
Date of appointment: 16 August 2017
Listed company directorships: 2
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. He joined the Pangbourne Properties Limited 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