Trading places
● Prescient Securities (PSec) has appointed head of trading Stephen Heath as CEO. He takes over from Chris Craddock, who is stepping down from his position after five years due to family commitments in the UK.
Heath has a BCom economics and finance degree from the University of Cape Town, is a chartered financial analyst and has been with PSec for 17 years.
He is a member of the PSec executive committee and serves as a trustee on the board of the Prescient Retirement Funds, and as chair of the retirement fund investment subcommittee.
● Veli Ngubane has been appointed chief growth officer and Lynda Fiebiger MD of creative agency Avatar, which is owned by M+A, while Philip Ireland has been appointed chief creative officer of both Avatar and M+A.
Ngubane, former chief creative officer, will oversee South Africa and other African markets. He has been shaping the agency’s creative direction for more than a decade. He said: “I’m excited to take on this role and lead Avatar’s growth initiatives into new territories. I look forward to leveraging our collective strengths to deliver exceptional results for our clients.”
Ireland has extensive experience producing award-winning campaigns that resonate with audiences globally. He will be setting the creative vision and direction for the group. He said: “I am coming into something special. M+N and Avatar, in particular, have a rich history of creative excellence and I’m eager to build on that legacy.”
Fiebiger will join Avatar group CEO Mzamo Xala with the task of strengthening the agency’s Johannesburg office. She was previously MD at FoxP2 (now Dentsu Creative South Africa).
M+N chair Zibusiso Mkhwanazi said: “These leadership changes represent an exciting chapter in our journey.”