Connaught set to evolve with new acquisition

Connaught set to evolve with new acquisition




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One of the most high-profile fund providers in the bridging industry has just unveiled the acquisition of a new non-executive director to add weight to its strategic planning amidst the currently challenging market conditions.

 

The boutique asset manager, Connaught Asset Management, has appointed Kamlan Naidoo to replace the previous non-executive director, Chris Taylor.

 

Kamlan is currently director of Primagtius Administration Services and has held similar positions at a number of companies offering advice on governance and operational processes.

He began his career as a chartered accountant in South Africa, specialising in pension and trust clients, before moving to the UK to work in investment banking. Kamlan then moved into asset servicing and assisted a US bank on its first foray into the UK market, honing his expertise in system conversions, client transitions and product development.

 

After setting up an office in Luxemburg for a financial services provider covering fund accounting, Kamlan returned to the UK and spent a number of years as managing director of a specialist fund services provider servicing unregulated private equity, real estate and venture capital funds.   

 

Commenting on the new hire, Alistair Mawdsley, Director of Connaught Asset Management, said: I am delighted to welcome Kamlan to the senior management team of Connaught Asset Management, as he has expertise in a number of areas, and he will add weight to our strategic planning as we continue to grow and evolve our business in the currently challenging market conditions.”

 

“Kamlan brings a wealth of experience to his new non-executive director role at Connaught having worked in many different pockets of the financial services industry. He has worked overseas and with international institutions attempting to break into the UK market, so has knowledge and understanding of different models and ways of working that can benefit the team at Connaught. His expertise in offering advice on governance and operational processes can help us maintain the highest possible standards of compliance and transparency and we look forward to welcoming Kamlan to the Board.”

 

Kamlan added: “I am excited to be joining the Board of Connaught and I believe my fund experience can be of assistance in helping the team form a positive and coherent strategy going forward. Aligning myself with a boutique asset manager also gives me the opportunity to develop my own knowledge and skill set and, to that end, my appointment is a win-win for all parties. Connaught has long had a reputation for meeting investors’ needs with unique and flexible solutions and I aim to help them maintain this standing in the marketplace.”

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