Boitumelo Loate co-manages funds of over R3 billion and, as a passionate young woman who is not afraid to challenge norms and dogmatic thinking, she hopes to become a face of change.
One of the few women working for a top hedge fund in the country, Boitumelo Loate is a breath of fresh air. Not only is she a qualified Chartered Accountant and has worked for the biggest financial houses in the country, she is also giving back to hundreds of students.
After making her mark at KPMG, Loate is now a junior portfolio manager and an investment analyst at 36ONE Asset Management, overseeing balanced funds of more than R3 billion. She holds two master’s degrees, one in Accountancy and one in Business Administration (MBA) from Oxford University, where she obtained a distinction. She also offers strategic advice to board members of large businesses. She describes herself as a passionate young woman who is not afraid to challenge norms and dogmatic thinking. She hopes to become a face of change, particularly in the asset management industry in South Africa, as not a lot of women work in the field, particularly for hedge funds.
Loate also educates. She says her biggest win is being able to teach more than 400 students at the University of the Witwatersrand and Wits Business School, another 100 students at Jeppe High School for Girls, where she studied and was head girl, and a further 400 accounting trainees at KPMG. She says that, by educating students, she aims to inspire a desire to learn, to achieve and to have sparked an unquenchable yearning to grow.
“My goal has always been to let others see my passion shine, to radiate my goodness, my intellect, my enthusiasm and, most of all, my integrity. This goal has so far ensured that I have become a role model for others and have inspired others to be the best they can be”.
She added that the day she realised that her goal had been accomplished was when KPMG awarded her the Trainer of the Year award in 2014, which she still regards as her greatest professional accomplishment in the field of training and development.
One of her biggest challenges was taking up a management position for the first time to oversee Investec’s financial products audit while at KPMG. She explained that doing a course at Oxford University relating to the new way of work, politics and business strategy helped her to grow as a professional woman. She says the school is positioned to tackle global challenges which resonate with her. It was at the school where she learned about topics that mattered to her, such as how inclusive work environments are created, how to come up with strategies that tackle the challenges from the bottom up and seeing problems through a problem-solver mentality rather than as a victim.
She lives by these words: “It’s not the lights all aglow and the material stuff that counts, but it’s about the hearts we touch and the people we know.”