Management Profile

Clive Douglas – Chairman

Clive Douglas - Douglas InvestmentsClive completed a degree in commerce and accounting at the University of the Witwatersrand and in 1987 began serving articles at Price Waterhouse in Johannesburg. Clive previously had qualified as an Electronic-Mechanician while fulfilling a three year contract with Atlas Aircraft Corporation. Simultaneously in 1982, Clive completed a National Diploma in Electrical Engineering (light current) at the Witwatersrand Technikon.

Clive then pursued a career in investment management and joined Christopher Melville in late 1987 as a portfolio manager in the newly formed Solon Asset Management, which later was renamed Melville Douglas Investment Management. In 1992 he was appointed Assistant Managing Director and in 1995 Managing Director of Melville Douglas. In this role Clive acted as a director of several companies and Trustee of numerous Trusts. Melville Douglas managed portfolios for private clients, trusts, charitable foundations, school endowments and provident funds. Melville Douglas then privately owned, by the Douglas, Melville, Inglis and other families, was acquired by Standard Bank as part of its Private Banking initiative in 2001.

Clive was then appointed Managing Director of Standard Private Bank, which is recognised as one of the leading Private Bank offerings in South Africa. Standard Private Bank provides clients with banking, asset management, stock broking, financial planning and fiduciary services in South Africa and internationally. At the end of 2005 Clive left the bank to establish Douglas Investments, a niched and personalised investment firm. In 2006 Conexus was established by Douglas Investments in conjunction with Metier.

Clive Douglas is well known in South Africa, originally in the area of private client investment management, as well as in Private Banking.

Richard Willis – Chief Executive Officer

Richard Willis - Douglas InvestmentsRichard Willis completed degrees in accounting and commerce at the University of Stellenbosch and Cape Town and served articles at Deloitte and Touche in Cape Town, qualifying as a chartered accountant in 1994.

Richard was transferred to Deloitte & Touche in Bermuda on a two year contract to work in the insurance and reinsurance industry that Bermuda is well known for. Richard then transferred to an affiliate of Deloitte & Touche called Rawlinson & Hunter, a global professional tax and financial advisory business for high net-worth individuals, based in the British Virgin Islands for five years.

It was there that Richard and Clive met, establishing a joint venture of international investment funds for Melville Douglas International.

In 2000, Richard returned to South Africa to join Melville Douglas, a private client asset management business for high net-worth individuals, to run the offshore business. Richard assumed numerous roles within Melville Douglas and Standard Private Bank, which acquired Melville Douglas in 2001, and went on to fulfill the role of Chief Operating Officer of Standard Private Bank.

Later in 2006 Richard joined Virgin Money, a startup consumer lending business and part of the Virgin Global empire, as Financial Director. Richard fulfilled a key role in building the Virgin Money balance sheet of credit card assets worth in excess of R1 billion and a market share of 2% within a year of start up. Richard left Virgin Money in October 2007 to rejoin Clive Douglas at Douglas Investments as Chief Operating Officer. Richard was very active in developing the PGM Investment Programme with Anglo American Platinum Limited, and currently sits on the Board of Directors and Portfolio Committees of a number of listed companies.