Meet the NFB Leaders and Directors

Derrick Minnie - Chairman

Having had an illustrious career in the packing industry culminating as the CEO of Mondi, Derrick joined NFB in the late 80’s as a non-executive chairman. Derrick currently holds a number of directorships including a non-executive board position with FNB Corporate.

Mike Estment – CEO
B.A. Ed

Mike began his career in a business development role at Barclays Bank. He then joined a financial advisory business in Port Elizabeth, gaining extensive experience in the bond and money market environments. Along with 4 other partners Mike founded NFB in 1985. He has taken the company to the forefront of the financial services markets, where the group has been consistently rated as one of SA’s leading investment and advisory businesses.

Philip Shapiro – Financial Director
CA SA H.Dip.Tax, Law CFP®

Beyond his duties as financial director Philip runs a successful estates business, within NFB, that encompasses the following functionality:

Laurie Wiid – Director
B.Com Hons, CFP®

Laurie joined NFB in 1993 and is an expert on retirement planning and for this has enjoyed coverage on CNBC Africa as well as numerous publications. “The key to successful investing is a balance between knowing your client’s goals and capabilities and putting the structures in place to achieve those goals.”

Terrance van Rensburg – Director
B.Com

Like Mike, Terry’s initial exposure to financial markets was through the treasury desk serving a number of successful years with ABSA Bank. Within his client base Terry has a number of very prominent institutional clients. Terry has been with NFB since 1994 and was appointed to the board in 2003.

Paul Marais – Director
B.Com Hons

Paul is the head of NFB Asset Management and is responsible, amongst others, for the administration and management of NFB’s local fund of funds as well as NFB’s offshore funds. Paul joined NFB in 1999 whilst studying, and was appointed to its board in late 2007.

Grant Magid – Director
B.Com, CFP®

Grant has been with NFB since 2001 and continues to focus on wealth management for private individuals. He was appointed as a director of NFB in 2008 and continues to grow in to his role whilst maintaining and growing his substantial client base.

Andrew Duvenage – Director
B.Com Hons, CFP®

Andrew Duvenage was appointed as an executive director at NFB effective from 1st October 2008. Andrew completed his B.Com in Marketing at the Rand Afrikaans University in 2002, and went on to do his Honours in Investment Management which he obtained Cum Laude in 2003.  In 2005 he obtained his Postgraduate Diploma in Financial Planning from the University of the Free State and in 2009 completed his Advanced PDFP in which he was awarded the “top student” award. He is currently studying towards an MBA through the Gordon Institute of Business Science. Andrew joined NFB in April 2004 as an advisor and has developed a client base primarily focused on individual investors. Andrew is a CERTIFIED FINANCIAL PLANNER professional through the Financial Planning Institute of South Africa.