Strate CEO steps down after two decades of service
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Strate CEO steps down after two decades of service 24 August 2017Cape Town Reporter: Jenna Lomax
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Strate CEO Monica Singer will leave the South African central securities depository (CSD) at the end of this month after nearly 20 years of service.
Dr Maria Vermaas has been appointed as interim CEO in her place.
According to Strate, Singer was responsible for transforming the CSD into one of the world’s most successful settlement and clearing organisations..
She oversaw the introduction of electronic settlement in the South African financial markets, and created a network that will continue to help Strate share ideas at an international level.
Singer is also vice president of the Africa & Middle East Depositories Association (AMEDA) and holds a role at the World Forum of CSDs.
Rob Barrow, chairman of Strate, said: “The board, together with the executive team and staff, would like to thank Monica Singer for her contribution to Strate and the legacy that she has left behind. We would like to wish her all the best for her future endeavours.”
Singer commented: “I have always had a passion for innovation and technology that drives societal change. With the potential disruption that the financial markets may face, particularly with disruptive technologies like blockchain, I will continue to research to stay ahead of developments which may lead me to consulting on these topics.”
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