Our values

Since 1973 we have adhered to the same set of values. These have provided us with a consistent framework to help us to make the best decisions for our investors in a changing environment and over time.

Client focused

We always put our clients’ interests first and avoid (not manage) conflicts of interest. We try to build our clients’ trust and confidence in us through offering excellent client service. We design our products and fees so that they tie our success to that of our clients.

Performance driven

We set extremely demanding and challenging standards, aiming to be the best in each area of our activities. Our business model and the way that we reward and promote our staff are designed to encourage excellence. Our performance-based investment management fees make our income more sensitive to long-term investment performance than the size of assets under management. Our senior executives are shareholders in the business, aligning their long-term interests with yours. All other staff have a substantial portion of their remuneration in the form of performance-based bonuses. 

Long-term oriented

We take a long-term perspective on investment decisions and business strategy. We try to establish long-term relationships with clients who believe in us and share our conviction in our investment approach. We offer an uncluttered range of products and services where we believe the application of our skills can add value and be enduring.

Independent minded

We are often contrarian and have the courage to fly in the face of popular opinion or conventional wisdom. We value, seek and foster diversity of opinion and thought.

Individually accountable

We have great faith in the power of the individual to make a difference. We believe that the best decisions are made by individuals not committees and we accept responsibility for the consequences of our actions.

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Key staff

Rob Formby
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Rob is chief operating officer. He joined Allan Gray in 2009 taking on joint responsibility for the retail business, specifically operations, technology and financial management. He was previously employed at Mvelaphanda Group and as a strategy consultant and holds an MBA from INSEAD and an engineering degree from UCT.

Jason Hartman
Compliance Officer
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Jason was appointed as the Compliance Officer of Allan Gray Kenya in 2016. He joined Allan Gray in 2014 after working for the Maitland Group where he oversaw compliance matters for its regulated entities. Jason earned a Bachelor of Law from Stellenbosch University and was one of the first to be designated a Compliance Practitioner by the Compliance Institute of Southern Africa.

Olutosin Lawal
Oluwatosin Lawal
Risk Management Officer
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Oluwatosin was appointed as the Risk Management Officer of Allan Gray Kenya in 2016. She joined Allan Gray Nigeria in 2014 and prior to that, she worked at the law firm of Perchstone and Graeys. She was also a senior legal analyst and assistant branch compliance officer of Lotus Capital. Tosin earned a Bachelor of Law (LLB) degree from the University of Lagos and a Master’s in International Commercial Law (LLM) from the Robert Gordon University.

Tapologo Motshubi
Tapologo Motshubi
Chief Executive Officer
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Tapologo joined the Allan Gray Nigeria board in 2019. He is the chief executive officer of Allan Gray Kenya. Prior to that he was appointed the managing director of Allan Gray Botswana and Allan Gray Namibia in 2007 and 2011, respectively. He is a graduate of the universities of Cape Town and Natal and is a chartered accountant in South Africa and a CFA charter holder. Prior to joining Allan Gray, he completed his articles at Grant Thornton in Cape Town, South Africa. He is a registered chartered accountant in South Africa.

Angela Namwakira
Non-Executive Director
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Angela has been a non-executive director of Allan Gray Kenya Limited since 2015. She is an Advocate of the High Court of Kenya of over ten years’ standing. She is also a practising chartered secretary at Axis Kenya and has a passion for corporate governance and a keen interest in tax law. Angela was formerly a tax consultant at PricewaterhouseCoopers Kenya and holds an LLB from the University of Nairobi.

Nikhil Nayar
Nikhil Nayar
Business Analyst
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Nikhil joined Allan Gray in 2012 as an operations consultant in the retail business. He has worked in a number of analytical roles and is now a business analyst for Allan Gray Kenya. Nikhil holds a Bachelor of Commerce in Financial Accounting as well as a degree in Financial Analysis and Portfolio management from the University of Cape Town.

Nick Ndiritu
Nick Ndiritu
Non-Executive Director
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Nick joined the Allan Gray Kenya board in 2015. He is a portfolio manager for the Allan Gray Africa ex-SA Equity Fund and Africa ex-SA Bond Fund. He joined Allan Gray in 2010, with prior experience in investment banking and management consulting. Nick holds a BSc in Industrial Engineering (magna cum laude) from Northeastern University and an MBA from Harvard Business School.

Conrad Nyukuri
Non-Executive Director
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Conrad was appointed as a non-executive director of Allan Gray Kenya Limited in 2015. He has extensive experience in corporate administration and governance. Conrad serves as the corporate secretary to boards of several listed public companies, multinationals and private companies in various sectors. He holds a BSc Business Administration degree and is a practicing member of the Institute of Certified Public Secretaries of Kenya and is an affiliate of the Institute of Chartered Secretaries and Administrators.

Githiora Thuku
Githiora Thuku
Business Development Manager
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Githiora joined Allan Gray in 2014 as a rotational business analyst in the firm's Cape Town head office. Whilst in South Africa, Githiora completed various projects in the firm's product and investment teams, spanning East and Southern Africa. In 2016, he joined Allan Gray Kenya as a business analyst and was appointed as business development manager in 2018. Githiora is a graduate of the African Leadership Academy and holds a BSc degree in Applied Mathematics from Brown University.

Our approach to investing is simple

We look closely at businesses. We buy shares we think are undervalued and sell them when we think they have reached their worth, regardless of popular opinion.
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We are based in Africa and have global expertise

Our headquarters are in Cape Town, and we have offices across Africa (offices indicated in red). We also have an affiliate office in Australia. We are partners with Orbis (offices indicated in blue), with whom we share a founder, investment philosophy and values. Orbis provides us with access to foreign markets, backed by expert research and a long-term track record.
Allan Gray offices
Scroll down to see our long-term investment track record

We pursue long-term returns without taking undue risks

What $ 10,000 invested in 1974 would be worth today (31 March 2020):

Invested with Allan Gray (before fees) FTSE/JSE All Share Index (log scale) R 160 000 000 R 160 000 000 10 YEARS 1974 Today

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
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(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.