Namibia Asset Management has a staff complement of eight.  Our investment professionals work jointly with the investment team at Coronation.  The offshore component of the funds is managed by Coronation’s international team, out of their U.K. office.

As part of our empowerment strategy, our current human resource development program provides for training of our administration staff to manage most of our back office administration functions.  From a cost/benefit perspective, a part of the computerized support administration system is outsourced.  We have significant investment in computing resources, which are linked on-line to our system providers at Maitland in South Africa.  We share the services of the Coronation dealing room.

Our policy is to pay salaries to professional staff somewhat below the industry average and to offer the benefits of performance and profit related bonus schemes.  We aim through this approach to ensure that the interests of our employees are as closely matched as they can be, to those of our clients.  Staff members share in a bonus pool equivalent to 25% of profits before tax.  We actively and continuously review and develop the resources and skills of our staff.  This applies to our administration staff as well as to our investment professionals.  All employees are encouraged to pursue academic studies to complement the company’s strategy for professional development for all members of staff.