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 Dower
Rob Dower
Director
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Rob was appointed as chairman of the Allan Gray Kenya board in 2015. He joined Allan Gray South Africa in August 2003 and was appointed chief operating officer in June 2009. He is responsible for the operational management of the business. Rob was formerly a management consultant with McKinsey and is a graduate of UCT and of INSEAD. He is a director of Allan Gray Proprietary Limited.

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.

Thando Mhlambiso
Thando Mhlambiso
Director
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Thando joined the Allan Gray Kenya board in 2015. He leads Allan Gray's activities outside South Africa. Over the last twenty years, he has worked in various capacities in principal investing, investment banking and corporate law in Southern Africa and the United States. Thando earned an AB in Biology from Brown University, an MBA in Finance from Columbia University Graduate School of Business and a JD from Columbia University School of Law.

Tapologo Motshubi
Tapologo Motshubi
Chief Executive Officer
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Tapologo joined Allan Gray Kenya in 2016 as chief executive officer. In February 2007 he was appointed managing director of Allan Gray Botswana and in January 2011 was appointed managing director of Allan Gray in Namibia until December 2014. He is a graduate of the universities of Cape Town and Natal and is a chartered accountant and CFA charter holder. Prior to joining Allan Gray he completed his articles at Grant Thornton in Cape Town.

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
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 Analyst
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Githiora joined Allan Gray South Africa in 2014 as a rotational business analyst, spending time in the firm’s product development, institutional client servicing and investment teams. In 2016, he joined Allan Gray Kenya as a business analyst. Githiora earned a BSc 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
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We pursue long-term returns without taking undue risks

What $ 10,000 invested in 1974 would be worth today (30 September 2018):

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:

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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.