Novare CIS
Who We Are
In 2014 we launched Novare CIS (“NCIS”) to facilitate the growth of our existing investments products and solutions. NCIS is registered as a management company with the Financial Services Conduct Authority in South Africa to administer collective investment schemes. It was the first management company to launch regulated hedge funds in the South African market in 2016 which is a testament to our continued focus on innovation.
NCIS offers Novare-branded and co-branded CIS portfolios in securities, retail hedge funds as well as qualified investor hedge funds.
We strive to provide value-added service delivery and support to our business partners by offering high-quality products, administration, compliance and risk-management services together with a dedicated client-service function. Our business is managed by a team of experienced individuals.
Our portfolio and investor administration and independent trustee services are outsourced to some of the largest service providers in the country, namely the Maitland Group South Africa Limited and Rand Merchant Bank, a division of FirstRand Bank Limited.
Our Funds
Before investing, we urge you to review your chosen fund’s Minimum Disclosure Document (MDD). These documents contain information related to each fund’s objectives, risk profile, performance and fees. This information is updated every quarter.
Our Team
We have a diverse team with a depth of experience across a range of disciplines.
Our teams is our greatest asset,

Jacques Du Preez
Managing Director
Jacques has 14 years of experience in the financial services sector. He is a qualified Chartered Accountant and holds the Chartered Financial Analyst designation. Jacques’ career started as an auditor at Nolands in South Africa. He then moved to PricewaterhouseCoopers in the Cayman Islands as an audit senior in the hedge funds team and later joined HSBC Bank plc in London in the Global Equity Finance Team. After his role at HSBC he was appointed financial controller at TCI Fund Services LLP, a London-based provider of middle- and back-office services to various investment managers. Jacques joined the Novare group in 2016, working as a consultant on various projects. He was then appointed Chief Operating Officer for Novare Real Estate South Africa in July 2017 and director of Novare CIS (Manco) in June 2019. Jacques is currently acting as Managing Director of the CIS Manco.

Fahiem Moses
Operations Manager
Fahiem has been in investment fund administration for the last 14 years. With extensive experience in Unit Trusts, Money Markets, Pension Funds, Fixed Income, OEIC’s and the management of teams both locally and abroad.
His knowledge base from a fund administration and asset management perspective has put him in good stead in the industry and our clients alike.
Fahiem joined Novare in October 2019 as the Hedge Funds Operations Manager. We look forward to working with him as we continue to improve our service offerings to our stakeholders.

Liesl Keuler
Chief Compliance Officer
Liesl has over 13 years’ experience in the financial services sector, covering the compliance requirements and legal structure of a range of products and services.
Before joining Novare, she worked within subsidiaries of the PSG Konsult Group. She holds a B.Comm LLB from the University of Stellenbosch, is a Certified Financial Planner and a Member of the Compliance Institute.
Liesl joined the Novare in December 2019 as Compliance and Legal Manager of Novare Holdings.

Ernest Stripp
Assistant Group Compliance & Legal Officer
Ernest started his career in Compliance in 2014 in the Banking industry. He was part of a team that conducted research and investigation into Politically Exposed Persons and performed Enhanced Due Diligence on these High-Risk entities.
He then moved into the Corporate Investment Banking space, onboarding Global Corporate's moving into the local market. Before joining Novare he worked in AML Compliance and onboarding of global clients focusing on the UK and Channel Islands.
Ernest joined Novare in November 2019 as an Assistant to the Compliance and Legal Manager of Novare Holdings.

Shireen Bailey
Office Manager
Shireen started her career at Goliaths Attorneys in 1995 as a receptionist before joining Pop-up Promotions as an assistant clerk for 10 years. She relocated to the Eastern Cape and worked for Hutton & Cook Attorneys as Conveyancing Secretary for 3 years. After moving back to Cape Town Shireen joined Novare Holdings as a temp and was permanently employed by Novare Equity Partners July 2015 as Receptionist. Shireen was promoted to Office Manager by Novare Capital in February 2019.

Avela Qoyise
Fund/Investment Analyst
Avela started her career in 2004 as a fund assistant and fund administrator for Old Mutual Administration Services (OMFAS) working on unit trust fund administration, offshore companies, retailing and individuals.
She moved to JP Morgan in 2007 as a reconciliation specialist working on both foreign and local accounts. Avela spent a short period at Curo Fund Services in the same position before joining Novare in January 2013 as investment support officer responsible for the administration and pricing of multi-manager portfolios and unit trusts. In May 2015 Avela transferred to Novare Capital as investment support officer. She is now the Fund/Investment Analyst in the Unit Trust Department. She is currently doing her Post Grad diploma in Business Administration with MANCOSA and has 16 years’ experience in the industry.

Nomawaka Ntlemeza
Risk Analyst
Noma spent five years with the Cape Metropolitan Council as an administrative assistant, after which she joined Old Mutual as a fund accountant in September 2000. She joined Novare in September 2004 as an investment support officer responsible for the risk administration of the hedge funds of funds. Her duties also include administration and pricing of the hedge funds of funds, multi-manager portfolios and offshore unit trusts. In May 2015 Noma transferred to Novare Capital as investment support officer. Noma was promoted to risk analyst in January 2016, her responsibilities include the monitoring of investment mandates and regulatory oversight of portfolios including hedge fund products. she has 15 years’ experience in the industry.

Marina Rogers-Mellem
Senior Operations Specialist
After completing her degree at Stellenbosch, Marina started her career at Sanlam in 1997 as a client service assistant. She joined Tasc Administration in 1997 as a portfolio administrator and later as senior pricing administrator. In 2003 she was appointed operations manager in charge of the bank reconciliation department. She joined Novare in May 2005 as operations assistant and was promoted to senior operational analyst in 2011. Marina was promoted to operations manager in the hedge funds division and is responsible for client reporting and pricing of the hedge funds of funds, multi-manager portfolios and unit trusts. Marina has 19 years’ experience in the industry.

Tapiwa Munedzimwe
Risk Analyst
Tapiwa Munedzimwe holds a BBusSc Finance (Honors) Degree and a Master of Commerce in Risk Management of Financial Markets from the University of Cape Town where he was recognised as part of the top 15% achievers in the faculty by the Golden Key International Society in 2020. He has passed CFA Level 1.
Tapiwa started his career as a private equity analyst at Ocean Rock providing equity research, analysis, and decision-making support to UK private equity funds. Before joining Novare, he was a Fintech Analyst at IDR. Tapiwa joined Novare in March 2024 as a Risk Analyst.

Donovan Hallett
Operations Specialist
Donovan started his career in 2009 at USS Graphics as an account assistant, while completing his BCOM Banking Management degree at Milpark School of Business. He then moved to Maitland in 2016 as an administrator before moving to the Hedge Fund team in 2017, where he later became a Senior Hedge fund accountant. He later moved onto Riscura as an Investment Compliance Analyst in 2019, where his duties included Reg 28, Reg 30 analysis and reporting, as well as assisting with FSB submissions, annual audit support data, and various other Ad hoc analysis interpretation and analysis of portfolio data and investment reports. In December 2021, he joined Novare as an Operations Administrator.
Get In Touch
Cape Town (Head Office)
Third Floor, The Cliffs Office Block 1
Niagara Way, Tyger Falls
Carl Cronje Drive
Bellville
7530
South Africa
P O Box 4742
Tygervalley
7530
South Africa
Tel: +27 (0) 21 914 3944
E-mail: clientservice@novare.com
GPS Coordinates: -33.873950, 018.628696.
Johannesburg
Third Floor
30 Jellicoe Avenue
Rosebank
Johannesburg
2196
South Africa
P O Box 4742
Tygervalley
7530
South Africa
Tel: +27 (0) 11 447 9605
E-mail: clientservice@novare.com
GPS Coordinates: 26.142435 , 28.042236