Paul is the Chairman of the AIIF2, AIIF3 and AIIF4 Investment Committees.
Paul has been involved in investments, including managing listed equities, balanced funds and alternative assets for over 30 years.
Paul qualified as a CA with Deloitte in Johannesburg, following which he spent seven years as an Investment Banker with Investec before moving to Cape Town in 1995 to join Old Mutual. His earlier career was as a portfolio manager, managing balanced funds and listed equities, and included stints heading up the Old Mutual Investment Research team and as the PM responsible for Old Mutual Life’s $50bn portfolio, which was a vanguard investor in committing investment into unlisted equities, including private equity and infrastructure. In 2004 these initiatives in unlisted assets were formalized and Paul was appointed the founder CEO of Old Mutual Alternative Investments (OMAI). He was also involved in negotiating the formation of the African Infrastructure Investment Managers (AIIM) joint venture with Macquarie and became a founding director of AIIM in 2000. Both OMAI and AIIM have grown to become dominant in alternative assets and infrastructure investment in Africa since their formation.
Paul retired from Old Mutual at the end of 2021. He serves on various investment committees including the AIIF funds, various Old Mutual funds, Signature Agri funds and the Association for Savings and Investments South Africa (ASISA) enterprise and supplier development funds. He is a director of African Clean Energy Development, Ebuta, Faction Collective, Knockderry, Micaffe Capital Services and Signature Agri. He has previously served on the boards of AIIM, Assore, Coronation Investment Trust, J&J, Lesedi, Letsatsi, Life Healthcare, Metcash, Mezzanine Partners, Old Mutual Investment Group, Phembani, Pepkor, the Southern African Venture Capital and Private Equity Association, Tourvest and 10X.
Paul holds a BSc (Hons) degree in Operations Research and an MBA from the University of Cape Town.