Prescient Limited (formerly PBT Group Limited) announced that Herman Steyn has been appointed as an executive director and chief executive officer of the company. Herman has been involved in the investment management industry since 1985, having held senior management positions in several established asset management companies. In 1998 Herman and Guy Toms founded Prescient Investment Management, which specialises in quantitative investment management.

Prescient applies its quantitative techniques to cash, bonds, equities, balanced portfolios and asset allocation. Murray Louw will assume the role of non-executive Chairman of Prescient, and Monty Kaplan will be the lead independent non-executive director. All the above changes to the board of directors take effect from December 14, 2012.