Directorate


Dr Iraj Abedian
BA (Honours) and MA (Economics) from the University of Cape Town and a PhD (Economics) from Simon Fraser University in Canada
Independent Non-Executive Chairman

In 2003 he was awarded the Top Economist of the Year by the SA Association of Black Securities and Investment Professionals (ABSIP). In his early career he lectured in various aspects of Economics at the University of Cape Town and in 1999 he was awarded his professorship. From 2001 to 2004 he was an Exco Member, Director and Group Economist at The Standard Bank of South Africa Limited. In 2005 he became the CEO of Pan-African Capital Holdings (Proprietary) Limited and Pan-African Investments and Research Services (Proprietary) Limited, which position he holds to date. Iraj was appointed Chairman of the Pangbourne board on 17 October 2007.


Barry Lester Stuhler
BCom, BAcc, CA(SA)
Managing Director

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 (“Intaprop”) and managing director of Intaprop Management Services, the property management company for the Intaprop group. In 1994 Barry co-founded Inline Properties, a property management and corporate property advisory company. Barry is a founding director of Resilient Property Income Fund Limited (“Resilient”). Barry relinquished his duties as executive director of Resilient, to become managing director of Property Fund Managers Limited (“PFM”), the asset manager of Capital Property Fund (“Capital”), in 2004. He resigned as nonexecutive director of Resilient in February 2007. Barry resigned as managing director of PFM to join the Pangbourne board as executive director on 17 October 2007 and was appointed managing director with effect from 1 March 2008. Barry is a non-executive director of PFM and executive director of Monyetla Property Fund Limited.


Annalese Lucille Manickum
National Diploma, Financial Accounting, South African Institute of Management (SAIM) – Business Management
Independent Non-Executive Director

Annalese is currently the managing director of Prominent Properties CC, which undertakes property management, property development and consulting for JSE listed clients. Previously, as senior portfolio manager at JHI Real Estate Limited, Annalese was responsible for clients including the Public Investment Corporation, Cenprop, Capital and UAL.
Annalese has had broad experience in financial and property related fields.


Bryan Douglas Hopkins
BCom (Hons), Accounting and Tax, CA(SA)
Independent Non-Executive Director

After qualifying as a Chartered Accountant, Bryan was a member of staff at the Department of Accounting at the University of Cape Town and was appointed Professor of Accounting in 1979. He served on the Accounting Standards Committee of The South African Institute of Chartered Accountants and co-authored with Professor G K Everingham “Generally Accepted Accounting Practice – A South African Viewpoint” published by Juta & Co. In 1994 he joined Old Mutual Asset Managers as Head of Research and member of the executive team. Bryan was appointed Chief Investment Officer and Executive Director of Old Mutual Asset Managers on its formation into a company in June 1997.

Bryan is a non-executive director of Mvelaphanda Group Limited and chairman of its audit committee. He is also serving a three year term on the Directorate of Market Abuse.

Bryan was a director of Pangbourne from 1996 to 1999 and rejoined the board in February 2005.


Craig Brabazon Hallowes
BA, LLB, LLM (Taxation), MBA (Wits)
Executive Director

Craig qualified as an Attorney in 1995 and practiced at Bowman Gilfillan Attorneys until 1997 when he joined Investec. Craig was employed in the asset management division of Investec and held various managerial positions. Craig was a director of PFM prior to being appointed as managing director of Siyathenga Property Fund Limited (“Siyathenga”) in February 2008. He subsequently joined the Pangbourne board as an executive director.


David Stanley Savage
BSc (Bldg), Msc (Bldg)
Independent Non-Executive Director

Dave started his career at Abcon Construction in 1989. He joined Abland in 1995 as project manager and was appointed a director in 1997. In 1998 he was appointed managing director and has been involved in all aspects of Abland becoming a national property development company in the industrial, commercial and retail sectors.


Desmond de Beer
BProc MAP
Non-Executive Director

Des spent most of his career with the Nedbank Group, initially in property finance and later in private equity. Des is the managing director of Resilient and a director of PFM.


Jacques Johannes van Wyk
B Compt (Hons), CA(SA)
Executive Director

Jacques started his career with KPMG in auditing and consulting. In 2002 he joined Nedcor Investment Bank’s corporate finance division. Jacques left corporate finance after the listing of Resilient and is the past financial director of Resilient and Diversified. Jacques was appointed to the Pangbourne board on 17 October 2007 as financial director.


Joseph Philippe Gerard de Rauville CA(SA)
Independent Non-Executive Director

Gerard spent 20 years at De Ravel, Boulle, Saad and Wyman (now Mazars Moores Rowland). Gerard was instrumental in putting together the property holding company, Grovewalk Holdings Limited, which listed in 1987. He has been appointed to many boards and currently chairs the main board of Zurich Insurance Company SA Limited where he is a member of the Investment Committee and Nominations Committee.


Ryan James Falkenberg
Bachelor of Business Science (UCT), Masters in Industrial Psychology (UNISA)
Independent Non-Executive Director

Ryan is co-founder, and Director of Hi-Performance Learning, an award winning learning consultancy that specialises in the design of customised learning solutions that liberate human and organisation potential. Ryan is also co-founder, and director of Cuda Technologies, a software development company that specialises in smart learning and performance support technologies capable of delivering in bandwidth-restricted environments. Ryan is personally heavily involved in the development of learning strategies for top organisations, and has written and spoken widely on the topic of learning and e-learning throughout South Africa.


Thanduxolo Selby Sishuba
BSc (Hons) Land Management (University of Reading – UK), MSc (Property Investment) (City University Business School – UK)
Independent Non-Executive Director

Thando was awarded two scholarships to study in the UK where he completed his MSc in Property Investment. He was selected to form part of the USA-South African leadership programme at Wharton School of Business in Pennsylvania. Thando’s career includes positions with Southern Life Properties, the Investment Property Databank (IPD), Old Mutual Properties and Shanduka Properties. In 2003 he served as director of PFM representing Shanduka. In 2006 Thando resigned from Shanduka and PFM to pursue private property development opportunities and in June 2008 he joined the Imperial Group as Head of Imperial Properties.


Trurman Zuma CA(SA)
Educated at Hilton College, Trurman obtained his BComm and PGradDip (Acc) at the University of Natal (Durban) in 1997 and completed his articles as a (CA)SA at KPMG (Durban)
Independent Non-Executive Director

He first worked as an equity analyst for Old Mutual, focusing on large cap counters in food, pharmaceuticals, retail and leisure. After three years he moved to Standard Bank, Johannesburg, working as a Private Equity deal-maker before taking the post of Unit Trust Single Manager Head at Stanlib Investments Limited for two years. During his time at Stanlib, Trurman was awarded a scholarship to study at Harvard Business School. He completed his Program for Management Development in 2004. In May 2006, he opted to leave the corporate environment. He purchased a stake in South Africa’s largest accounts receivable management company, MBD. He has taken the position of strategic director and is in the process of growing strategic clients and helping in transforming the company. He also has an interest in commodity and energy related businesses. Trurman sits on the board of MBD Holdings, the ACI as an Independent non-executive director and is on the Board of Governors at Hilton College.


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