Citadel Investment Services Proprietary Limited is an authorised financial services provider.

  • JMM Investment Services is founded as a fee-based investment services company, with complete transparency on earnings
  • CEO: Chris Marais
  • 10 employees
  • Louis Fourie joins Citadel
  • A comprehensive, long term financial planning service model is introduced, segregating the roles of a wealth manager and wealth planner
  • Cape Town office opens
  • The company’s name changes to Citadel Investment Services and a new corporate identity is launched
  • Durban office opens
  • CEO: Dr BM Griesel
  • The company is registered with the Financial Sector Conduct Authority (FSCA)
  • 100 employees
  • Citadel celebrates R1-billion in assets under management
  • Johannesburg office opens
  • An in-house investment team, Citadel Investment Strategists (CINS), is established
  • Peregrine buys a minority share in Citadel
  • A ground-breaking software system, Horizon, is developed
  • The discretionary mandate for individual clients is introduced, a first in South Africa
  • A new corporate identity is launched
  • 200 employees
  • CEO: Rudi Stumpf
  • A joint venture is established with Deloitte: Deloitte Private Clients
  • Performance fee on portfolio level introduced (ahead of the industry)
  • An administrative platform, products and funds are created – locally, and offshore
  • Client services and marketing functions are established, focusing on client events and communication
  • A joint venture begins with Aurum Fund Managers
  • A new corporate identity is launched
  • CEO: Keith Betty
  • The comprehensive management information system is introduced
  • Citadel becomes a wholly-owned subsidiary of Peregrine
  • R5-billion in assets under management
  • Comprehensive fiduciary solutions are incorporated in association with law firm, Naudé’s Incorporated
  • A joint venture between Citadel and Sanlam is established: Cambium Capital
  • R10-billion in assets under management
  • Citadel is awarded “best medium-size company to work for”
  • The company’s value system, The Citadel Way, is created and launched
  • CEO: Neil Brown
  • 300 employees
  • Port Elizabeth office opens
  • An online trading platform, Citadel Online Securities, is launched – specialising in local and offshore direct equity portfolios
  • CINS becomes Citadel Asset Management (CAM)
  • The investment solution is expanded, covering a range of local and international cash flow and objective-matching portfolios
  • The Citadel Art Price Index is launched – a first in South Africa
  • A 50% share is purchased in The Wealth Corporation
  • The Port Elizabeth office becomes part of The Wealth Corporation
  • R20-billion in assets under management
  • CEO: Andrew Möller
  • The first donor-advised fund in South Africa is launched: the Citadel Philanthropy Foundation
  • A comprehensive advertising campaign is created across all media platforms
  • A modernised corporate identity is launched
  • A further 20% of The Wealth Corporation is acquired
  • 315 employees
  • R25-billion in assets under management
  • Citadel continues to look after the financial well-being of more than 3500 clients
  • Client retention rate remains an industry-leading 97%
  • Citadel purchases the outstanding minority interest in The Wealth Corporation, now a wholly owned subsidiary
  • 328 employees (Citadel)
  • 43 employees (The Wealth Corporation)
  • R33-billion in assets under management (including The Wealth Corporation)
  • Citadel purchases 100% of Consolidated Financial Planning
  • 400 employees
  • R34-billion in assets under management
  • Citadel Investment Services, Consolidated and The Wealth Corporation are merged into a single Citadel brand
  • Citadel initiates the development of BayHill Capital – a specialist private client share portfolio company
  • 440 employees
  • R45-billion in assets under management
  • “The Citadel” Cape Town office building is opened
  • Citadel concludes a B-BBEE transaction, funding the acquisition of a 51% controlling stake in BayHill Capital to African Financial Group – while retaining a 49% stake
  • Citadel Financial Protection is launched
  • A new television commercial communicates the concept of “reach your remarkable”
  • 450 employees
  • Citadel celebrates 25 remarkable years of success
  • 8 600 clients
  • 97% client retention rate
  • R50-billion assets under management and advice