Sasfin Holdings Limited announced that Mr. de Kock has, in consultation with his medical team, decided to step down as Chair, non-executive director and member of the Human Resources and Remuneration Committee of Sasfin Holdings and Sasfin Bank Limited. This change is expected to take effect on 15 March 2024, subject to regulatory approval by the Prudential Authority.
The board of directors of Sasfin Holdings ("Board") and Sasfin Bank Limited has nominated the current lead independent director, Mr. Richard Buchholz, as Chair to succeed Mr. de Kock,
subject to regulatory approval by the Prudential Authority. The Board believes that following his 6 years of service as an independent non-executive director on the Board and various of
its committees, Mr. Buchholz has the necessary business insight, experience and leadership skills to chair the Board going forward, and his appointment will ensure a seamless succession.