Maitland, a global third-party fund administrator, has recently appointed Charles Buchanan as Senior Business Development Manager for Africa.

Buchanan, who joined the Business Development and Client Management team on July 27, is based in Cape Town, reporting to Andre le Roux, Maitland’s Head of Business Development and Client Management – Africa, based in Johannesburg.

Buchanan has over 15 years’ experience in the financial services industry in South Africa and the United Kingdom.

He started his career in sales and trading first at RMB Asset Management and then at Rand Merchant Bank.

He then spent nine years in London in the investment banking industry in product development and operational control roles.

Upon returning to South Africa in 2009, he provided risk advisory consulting services to investment banks and asset managers and was later appointed Chief Operating Officer at Catalyst Fund Managers, a role he held for five years before joining Maitland.

Commenting on the appointment, Le Roux said: “Charles knows our business very well. He has never lost the passion for sales and so having spent many years in the back and middle office, he has returned to his sales ‘roots’.”

“His knowledge of our business and experiences ‘on the other side of the relationship’ is going to stand him in very good stead in his KAM role. We will, over the next few weeks, allocate Charles an extensive portfolio of key clients and he is going to play an integral role in helping us further develop and mature the client management function in South Africa,” he said.

Buchanan has a B. Comm degree from the University of Natal (1996) and is a CFA Charterholder (2008).

Maitland offers independent third-party fund administration globally to managers of pension funds, mutual funds, hedge funds and private equity funds.

Maitland has provided independent third-party fund administration services since 1990 and has over $210bn in assets under administration.