10Xâs Chief Executive leaves after 15 years
By Edward West
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CAPE TOWN - STEVEN Nathan, a well known proponent of index fund investment in this country and chief executive of 10X Investments, has stepped down effective December 31, 2020, to pursue other interests, a statement said yesterday.
The asset manager had been at the helm of the company for 15 years.
The group said executive chairperson Henk Beets would become acting chief executive while a search for a permanent successor would be launched.
Beets said he would work closely with the management team to ensure superior investment outcomes continued to be delivered to clients through their simple, low cost and transparent offering.â
Steven Nathan steps down as CEO of 10X Investments
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10X Investments founder and chief executive officer, Steven Nathan has resigned in order to pursue other interests, after 15 years at the helm.
In line with 10X’s succession plans, the company’s executive chairman, Henk Beets, will assume responsibility as acting CEO. A search for a permanent successor will be launched as soon as practicable and an appointment will be announced in due course, the group said in a statement.
Beets said: “I will work very closely with 10X’s strong and experienced management team to ensure that we continue to deliver on our promise of providing our clients with superior investment outcomes through our simple, low cost and transparent offering.”