Connaught appoints new non-executive director



Connaught Asset Management, the boutique asset manager, has today (30 May 2012) unveiled the acquisition of Kamlan Naidoo as its new non-executive director.

Naidoo 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. Naidoo 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 a stint in Luxembourg setting up an office for a financial services provider covering fund accounting, Naidoo 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.

Alistair Mawdsley, Director of Connaught Asset Management, commented:

“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 Naidoo, Non-Executive Director of Connaught Asset Management, commented:

“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.”