Strate (Pty) Ltd. said it appointed André Nortjé, who most recently served as COO at Momentum Investments, as its new CEO, effective Aug. 1.

Nortjé will take the helm from Maria Vermaas, the head of Strate's legal and regulatory division who has been serving as interim CEO since September 2017.

Nortjé has 19 years of executive management experience in the financial services sector.