Market Surveillance Conference 2023

Alex Pascoe

Department Head: Market Abuse: Enforcement Division, FSCA

Alex is employed by the Financial Sector Conduct Authority (FSCA) (previously Financial Services Board) as Departmental Head: Market Abuse – Enforcement Division and was previously the Investigations Team Leader for the DMA (Directorate of Market Abuse and its predecessor, the Insider Trading Directorate). The Market Abuse Department is responsible for combating insider trading, prohibited trading practices (price manipulation) and the publication of false or misleading statements.

Astrid Ludin

Deputy Commissioner, FSCA

Astrid Ludin has been a Deputy Commissioner at the Financial Sector Conduct Authority of South Africa since June 2021. Her responsibilities include oversight of the financial market and retirement fund supervision. She has more than 25 years of experience in public policy and regulation. She led significant law reforms, including company reform, consumer protection and credit legislation in South Africa between 2002 and 2007. As Deputy Director-General at the DTIC, she was responsible for competition, company, intellectual property, consumer protection, credit, gambling, lotteries, and liquor legislation. She exercised oversight over the associated regulatory agencies.

Astrid spent three years at the Competition Commission (1999 to 2002), was responsible for stakeholder relations, communications, education and voluntary compliance, and was involved in several significant mergers and investigations. She served as the first Commissioner of the Companies and Intellectual Property Commission (CIPC) between 2011 and 2015, overseeing the office’s modernisation and its transformation into a regulatory institution.

In various consulting capacities, Astrid has provided research and policy advice to the DTIC, the National Treasury, the Prudential Authority, Strate, a range of South African financial services firms, and financial sector regulators in Africa. Her areas of expertise include consumer protection, market conduct and financial market regulation, financial inclusion, financial education and innovation.

Erica Bruce

President of the South African Institute of Stockbrokers (SAIS)

With a career in stockbroking spanning over 39 years, Erica has been immersed in various pivotal roles, contributing significantly to the financial market's evolution in South Africa. Her expertise spans across financial markets included trading and risk and compliance, AML, pre and post trade, as well as clearing and settlement processes. In 2009, She co-founded Navigare Securities Pty Ltd, where she serves as Managing Director and Stockbroker in Control. As a long-standing member and leader within SAIS, she has been dedicated to advocating for the profession and enhancing market liquidity and integrity. Her focus has been on fostering growth and sustainability in financial markets while ensuring effective compliance and risk mitigation. 
 

Gary Clarke

Head: Legal and Regulation, A2X

An attorney with 25 years’ experience in the financial services industry, having specialised in the operation of stock exchanges. Previously an executive of the Johannesburg Stock Exchange and a founding member of the A2X team who applied for, and obtained a stock exchange licence in 2017. My current responsibilities include the management of all legal and regulatory activities at A2X, ensuring compliance with the Financial Markets Act and Financial Sector Regulation Act.

Greg Dunnett

Compliance, Investec Corporate and Investment Banking

Happy Shihau

Head of Compliance: Investec Corporate and Institutional Banking

Happy Shihau is a lawyer by training and holds a LLB Degree from the University of the Witwatersrand and is currently the Head of Compliance for Investec’s Corporate and Institutional Banking. Happy has more than a decade of experience in the financial sector and has held various positions within the sector with regulatory authorities such as the Financial Services Board (which is the now Financial Sector Conduct Authority),the Prudential Authority and at other financial institutions, including Absa Capital. In Happy’s previous life she was a Civil and Criminal Litigation attorney at Fluxmans Attorneys and practiced for several years. Her love for the regulatory environment coupled with her passion for the financial markets industry has propelled her to be involved in industry initiatives such at the South African Markets Surveillance Conference, which is hosted and lead by Investec Bank. Happy wishes to leave a legacy behind of a financial services industry that is better than the one she found and her mantra in life is to treat people with kindness.

Ian Hawkins

Head of Product - Nasdaq Trade Surveillance

Ian is a leader and subject-matter expert with over 20 years of experience in Surveillance. Currently, Ian is Head of Nasdaq Trade Surveillance Product Management at Nasdaq where he is responsible for overall product strategy and ensuring the needs of NTS customers are met effectively. Prior to Nasdaq, Ian worked for various global investment banks building, running, designing, optimizing, and in some cases decommissioning, surveillance systems.

Kholofelo Motshekga

Market Surveillance Analyst, A2X

I began my career at Columbus Stainless in Middelburg as a Systems Analyst. I then went on a two-year gap break to the UK; over that time, I worked in various fields including insurance. Upon return to South Africa, I worked in Investment services for Investec and Citibank.

I have extensive knowledge in Prime Broking, Investment Process, Mandate Compliance and Market Surveillance.

I hold a BCom (Hons) Informatics from the University of Pretoria. I hold memberships of the Golden Key Honour Society and South African Institute of Financial Markets.

Leroy Oosthuyzen

Data scientist

My name is Leroy Oosthuyzen and I’m a senior data scientist, with a background in economics and statistics, and over a decade of local and international financial markets experience. I specialize in modelling market participant behavior and have a particular interest in using data to explore the human aspect of complex systems.

Mike Googe

BTCA Product Manager, Bloomberg

Mike is the Product Manager for Bloomberg's Transaction Cost Analysis product (BTCA). Based in London, Googe joined Bloomberg in 2009 as a Transaction Cost Analysis (TCA)Specialist. His more than 30 years industry experience in trading, execution consultancy and benchmark analytics has helped Bloomberg develop its market-leading multi-asset transaction cost analysis (TCA) tools.

Bloomberg TCA provides trading desks with performance metrics for pre, real-time and post trade. These analytics give trading desks on the sell side and buy side transparency into execution quality, as well as qualitative insights for decision support and trade surveillance activities. Under Googe's direction, the BTCA product has grown to support analytics for global equities, fixed income, OTC and exchange-traded derivatives, foreign exchange and structured products, such as mortgages and asset-backed securities with pioneering work to incorporate exception-based workflows for delivery of outliers and insights.

Natalie Zimmelman

CEO, The South African Institute of Financial Markets (SAIFM)

Natalie Zimmelman has been working in the professional body arena since 2004, starting with SAICA as Project Director: Transformation and Growth and as the General Manager of AAT(SA). She then entered the healthcare sector as the new (and first) CEO of the South African Society of Anaesthesiologists (SASA). In late 2022, she returned to the financial sector as the CEO of the SAIFM.

Nivedna Maharaj

SBG Securities CEO and Equities COO

Experience in the Industry: More than 10 years’ experience in the Equities and markets industry across South Africa and Africa Regions. Experience obtained in finance, product development, risk and regulatory risk management, strategy, social impact investing and operations.

Perry Goetz

Head of Vault/ICAD Product, Bloomberg

Perry has been the Global Head of Bloomberg's Compliance and Data Solutions business since September 2022. Prior to this role, he was the Global Head of Compliance and Regulatory Sales, a role he held for 4 years. Perry has held several other leadership roles in Bloomberg Product Sales, including Global Head of both the Electronic Trading and Trade Order Management Solutions businesses. In addition, Perry served as a Sales Manager in Bloomberg's Core Sales Division, overseeing various Tier 1 clients as well as the Canadian and Southwestern regions in the U.S. Prior to joining Bloomberg in September 2000, Perry worked in the Securities Finance Division at Donaldson, Lufkin & Jenrette, where he provided support for the Convertibles Trading and Exotic Options Desks.

Shaun Davies

Director: Market Regulation, JSE Ltd

Shaun has been the head of the Market Regulation Division of the JSE since 2007 and was a senior manager in the Division from 1995. The Market Regulation Division is responsible for market surveillance and member supervision across all of the JSE markets. Shaun is a Chartered Accountant and prior to joining the JSE he assisted the exchange in a number of forensic investigations whilst employed by the accounting firm, Deloitte & Touche. Shaun is a member of the FSCA’s Directorate of Market Abuse and is the chairman of the Committee for Auditor Ethics of the Independent Regulatory Board for Auditors.

Themba Maseko

Head of Compliance Investment Banking and Senior Compliance and Surveillance Analyst, Investec Corporate & Institutional Banking

Themba joined the Investec Compliance team from the JSE five years ago to set up the Market surveillance function at Investec Corporate & Institutional Banking (ICIB). He is currently the Head of Compliance in Investment Banking and is the Senior Compliance and Surveillance Analyst at ICIB. He firmly believes that safeguarding the South African Financial Market against Market Abuse and anticompetitive practices is a collective responsibility of all stakeholders. With a commitment to staying ahead on a global stage, Themba is dedicated to ensuring a robust and compliant South African Financial market that can attract investments and create opportunities to address the social challenges in South Africa.