Strate CEO, Monica Singer, stepping down to pursue new opportunities

JOHANNESBURG (Capital Markets in Africa) – Strate would like to announce that its CEO, Monica Singer, will be leaving Strate at the end of August 2017 to fulfill her dream of living in Cape Town and to pursue new opportunities.

After being at Strate for almost two decades, and being its project manager since inception, Monica has been committed to the success of Strate. During her tenure, she was responsible for the introduction of electronic settlement for the South African financial markets and ensured that Strate became globally recognized as being one of the most progressive Central Securities Depositories.

Monica’s entrepreneurial spirit, together with her visionary leadership, has established an organization that embraces being a Conscious Company that creates shared value for all stakeholders.

“I have always had a passion for innovation and technology that drives societal change. With the potential disruption that the financial markets may face, particularly with disruptive technologies like blockchain, I will continue to research to stay ahead of developments which may lead me to consult on these topics,” says Monica.

As the Vice President of the Africa & Middle East Depositories Association (AMEDA) together with her role in the World Forum of CSDs (WFC), Americas’ Central Securities Depositories Association (ACSDA) and her contribution in the last 18 years to the International Securities Services Association (ISSA), she created a network that will continue to share ideas at an international level.

Strate’s strategic objectives will continue to be executed by its long-standing executive team, along with Dr. Maria Vermaas who has been appointed as Strate’s Interim CEO. Dr. Vermaas has been at Strate as its Head of the Legal and Regulatory Division since the beginning.

“The Board, together with the Executive team and staff, would like to thank Monica for her contribution to Strate and the legacy that she has left behind. We would like to wish her all the best for her future endeavors,” says Strate Chairman Rob Barrow.

For further queries, please contact Leigh Bevis, Strate’s Head of Marketing and Business Development, via leighb@strate.co.za, or via +27(0)11 759 5466.