The Financial Sector Conduct Authority (FSCA) recently published a press release announcing that two divisional executives are set to retire from the offices of the FSCA. Jurgen Boyd, the Divisional Executive for Market Integrity Supervision, and Marius du Toit, the Divisional Executive for Specialist Support are set to retire after many years of service at the FSCA.
Mr Boyd joined the FSCA (previously the Financial Services Board) in November 2000 and is set to retire at the end of March 2021. After qualifying as a Chartered Accountant and prior to joining the regulator, he fulfilled various responsibilities in the private sector as an accountant, auditor, financial manager, business consultant, and financial director. At the FSCA he is responsible for the oversight of the conduct of market infrastructures (stock exchanges, central securities depositories) as well as over-the-counter derivatives providers and rating agencies. He also held roles at the FSB that included oversight of the pensions and collective investment schemes industries.
Mr du Toit served the regulator as the Chief Actuary since he joined in May 2007, and now leads the Specialist Support division of the FSCA. Prior to this, he fulfilled roles at Sanlam and Simeka Consultants & Actuaries. He qualified through the Institute of Actuaries in London in 1991 and is a fellow of the Actuarial Society of South Africa (ASSA), where he has served on various committees. Mr du Toit’s departure from the FSCA is set for 31 December 2020.
To read FSCA Press Release, click here.