Momentum Securities, MMI’s full-suite stockbroking business, has announced the appointment of Steven Schultz as the new Chief Executive Officer (CEO) with immediate effect.
The appointment comes in the wake of the former CEO, Jan van Staden’s resignation after five years with Momentum Securities to pursue personal entrepreneurial goals outside of the corporate arena. As the former Head of Investment Distribution at Momentum Intermediary Solutions (MIS), Steven Schultz, will now assume the role of CEO with Van Staden continuing to provide valued council to the business as Chairman of the Momentum Securities Board in a non-executive capacity.
“Jan’s wisdom, bold presence and authentic leadership has inspired and enriched many people fortunate enough to have worked with him,” says Etienne Gouws, CEO of Momentum Intermediary Solutions. “We are pleased that he will continue to contribute to the business in his new board role and that his experience, passion and valuable input will still benefit and shape the strategic direction of Momentum Securities.”
“We are equally excited by Steven’s decision to join Momentum Securities and look forward to his positive contribution in further growing the business under his dynamic leadership,” says Gouws.
He believes that Schultz’ contagious passion for investments will contribute significantly to the future growth of an already prosperous/successful Momentum Securities. “Steven is well known to the MMI Group, having held numerous roles within the Momentum Investments product house over the years, including a period where he served as the Head of Marketing for Momentum Investments.
“In his previous role as Head of Investment Distribution at MIS, Steven was responsible for both Retail Investment and Specialised Investment (SI) sales through independent financial advisers (IFAs). He will also remain a member of the MIS Executive Committee.”
Gouws goes on to emphasise that these management changes will not impact the company’s commitment to providing quality portfolio management and stockbroking services to its valued clients, and, will instead, strengthen its proposition as a dynamic business within a fast-evolving financial services industry.
“Momentum Securities has been built on a solid foundation, enabling us to deliver exponential growth in the years to come. The executive team has invested significant effort in establishing a robust trading and administrative eco-system, developing a trusted and inspirational brand and bolstering our expert Portfolio Management team. With Steven at the helm, the Momentum Securities is undeniably primed for further growth.”