Board of Directors
Abubaker Varachhia (Chairman)
Qualifications: BSc (QS) (UCT)
Abu has been involved in major property transactions and has initiated multi-million Rand property development projects throughout South Africa. Abu served as a director on the board of the JSE listed property fund Spearhead Property Holdings Limited and Ingenuity Property Investments Limited. Currently Abu serves on the board of directors of the JSE listed company Mazor Steel & Aluminium Limited. Abu has extensive experience in property development and his skill in this regard along with his ability to find value in potential portfolio re-developments will be invaluable to the future of the business.
Mike Naftali Flax (CEO)
Qualifications: B Comm, GDA, CA(SA), FCMA
Mike is an accomplished property professional operating within the commercial property sector. Mike a chartered accountant by qualification has more than 30 years’ experience in the property sector and has been key in some of the most exciting property transactions across the listed sector. Mike was the founder of Spearhead Property Group, which was later sold to Redefine Property Fund. Mike served on the board of directors of Madison Property Fund Managers until 2009 after a merger with Redefine Properties and Apex Hi to form the new Redefine Properties and until February 2011 served as an executive director of Redefine Properties Limited. Mike’s extensive expertise range in commercial property finance, development and a variety of key financial functions within the property sector, his entrepreneurial approach to property is admired by many within the property sector and his ability to create and unlock value has been proven time and time again. Mike is responsible for setting the trajectory of the business and will play a key role in the development of earmarked properties and the creation of investment deal flow for the fund.
Quintin Michael Rossi (MD)
Qualifications: BA (LAW) PGDEM
Quintin has a wealth of experience in both the listed and private property sector specializing in all aspects of leasing and management related to commercial, industrial and retail real estate. Quintin started his real estate career at a Cape Town based brokerage and then went on to head up the national leasing management role at Redefine Properties Limited, which at the time and currently is one of the largest listed property funds in South Africa. He has played a key role in the conclusion of major corporate leasing & sale deals in the commercial real estate market leaving his value adding mark throughout South Africa. Quintin is in charge of all day-to-day management of the property portfolio overseeing both asset management and property management operations to ensure tenant satisfaction and portfolio growth. Quintin is also responsible for new development projects and will be mandated to secure new opportunities that will add value to the Spear property portfolio.
Christiaan Barnard (FD)
Qualifications: CA (SA) (US)
Christiaan is a chartered accounted by qualification and through various family interests has been exposed to the real estate sector from a very young age and understands the demands associated with unlocking value in a real estate envirnoment. Christiaan has experience in audit practises in various industries including Software development & Support, Oil and Gas production and Property REIT Holdings. Christiaan Joined Spear after leaving Grant Thornton LLP (Dallas) and is responsible to oversee the financial functions of the entire Spear REIT, its subsidiaries and related operations.
Brian Leon Goldberg (Independent non-executive director)
Qualifications: BA, LLB (UCT)
Brian has been active in the real estate sector for the past 25 years. During the period he has been integrally involved in many significant property developments and investments. Brian has an astute understanding of the Western Cape real estate sector. Brian has vast and varied expertise both in commercial real estate arena as well as the legal technical environment relating hereto. Brian‘s market knowledge, deal making and techincal skills will strengthen and add value to the business‘s growth initiatives.
Ebrahim Jalaloodiem Allie (Lead independent non-executive director)
Qualifications: B Compt. Hons B Compt (Unisa)
Jalal has been involved in the real estate sector for over 21 years. Jalal joined Seeff Trust (Pty) Ltd, the forerunner to Spearhead Property Holdings in 1993 as the Financial Manager after leaving PKF Chartered Accoutants and Auditors. Early 1999 he was appointed Chief Financial Officer and Company Secretary of the newly listed Spearhead Property Holdings Limited which he founded together with CEO Mike Flax.
Niclas Kjellström Matseke (Independent non-executive director)
Qualifications: Master degree Economics & Political science (Univ of Uppsala, Sweden), MBA, Stockholm School of Economics (SSE), Sweden
Niclas is one of Sweden´s best known business leaders with a successful career as a management consultant, later as a visionary consumer oriented CEO. Mr. Kjellström-Matseke was the CEO of Novamedia Nordics since its start in 2005 to 2015. Novamedia operates the Swedish Postcode Lottery and several TV-productions. He is also recognized for his unique network of global leaders in business, politics and the NGO communities. He serves on several boards in Sweden, the US and Africa. Mr Kjellström-Matseke is an active member of the global CEO-network of YPO (Young Global Leaders), where he served as Chairman of its Swedish chapter.
Mr. Kjellström-Matseke is a member of the Elders’ Advisory Board, where he supports leaders such as President Jimmy Carter, Graca Marcel, Mary Robinson and Kofi Annan in their work for peace and democracy through negotiations with world leaders. Since 2013 Mr. Kjellström-Matseke has served on the UN´s SDSN (Sustainable Development Solutions Network) Leadership Council with focus on establishing the new SDGs.
In 2016, he relocated to South Africa to focus on developing business and sustainable solutions in Southern Africa, from his own company Perennis Limited.
Sean McCarthy (Non-executive director)
Has 30 years of experience in the property industry. Having developed a substantial number of residential, commercial, and industrial projects, he has a wide array of knowledge in the property development field. His speciality has been identifying and developing opportunities where substantial value was unlocked. His practical and hands on approach has allowed him to tackle complex projects, which are less attractive to the broader market, but offer higher returns.
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