INVESTING FOR THE FUTURE
Capita Asset Management is a fund manager that invests money on behalf of its clients. With an experienced and focused investment team, Capita enriches its clients’ lives and compounds their wealth over time.
Our Investment Aim
Capita's objective is to grow all assets allocated to the team in real, inflation-beating terms over the long-term and to ensure protection from any permanent capital loss. Capita Asset Management invests in good quality businesses at the right price level, which significantly reduces the potential for any permanent capital loss.
Investment Approach
We identify opportunities through a top-down, bottom-up, fundamental investment process.
1. Know the business
- We invest in businesses that we have researched thoroughly and therefore know well.
- We do not invest in businesses with excessive financial leverage.
- We do not invest in businesses where there are major concerns about management.
2. Know the price
- We appraise what the business is worth in a worst-case scenario.
- We do not overpay for an investment.
3. Know the correct weighting
- We do not over extend a position.
- We limit the weight of any investment that we believe to have a higher risk.
4. Know the investment case
- We only invest if there is a margin of safety.
- All investments carry some degree of risk, but at Capita we only invest if there is an adequate margin of safety built into our own valuations.
- Invest in good businesses with shareholder-oriented managers and low financial risk when valuations are attractive.
- Thinking and acting like long-term business owners in a market focused on the short-term.
Executive Team
Ian Kilbride
Chairman
Ian Kilbride LLB (Hons) is an experienced international businessman and the Chairman of Spirit Invest, the parent company of Capita. He brings to the Capita Board over thirty-five years of experience within financial services, working for both listed and unlisted companies and adding value variously as Chairman, Chief Executive and Non-Executive Director. Ian is an Honorary Professor at the Stellenbosch University Business School.
Adrian Meager
MD and CIO
Adrian is the Managing Director and Chief Investment Officer of Capita Asset Management and a member of the Spirit Group EXCO.
Prior to joining Capita, Adrian was employed at Momentum and has gained international experience at Lloyds of London. He has extensive knowledge and experience in the wealth management industry and has been actively involved in financial services for over 30 years. Adrian has been actively managing portfolios since 2006.
Tiaan Meyer
Chief Financial Officer
Tiaan is the Chief Financial Officer of Capita and a member of the Capita EXCO. A graduate of the University of Stellenbosch, Tiaan qualified as a Chartered Accountant in 2012. He commenced his career as an auditor where he gained valuable exposure across various industries, ranging from small investment firms to JSE-listed companies.
Before joining Capita, Tiaan spent five years at Woolworths in the Corporate Finance division, first as Group Accountant and subsequently moving into the Africa division where he played an integral part in growing the business across the continent. Tiaan has a wealth of experience, inter alia, dealing with IFRS and taxation.
Tiaan was promoted to the holding company, Spirit Invest, in 2015 where he started as the Head of Finance. In 2017, Tiaan was promoted to Financial Director of Spirit Invest.
Ryan Magee
Chief Operations Officer
A matriculant of famous Wynberg Boys’ High School, Ryan is a University of Cape Town alumnus, holding multiple degrees, from an undergraduate BSocSci LOPHRM, a BSocSci Honours degree in Change Management and a Master’s degree (MSocSc) in Organisational Psychology.
He has held a range of important managerial positions within the Group, leading to his promotion as Chief Operating Officer. With this depth and range of experience and understanding, Ryan heads operations across the entire Group.