Â The Board of Directors of Africaâs leading fintech company, Appzone Group, have approved the appointment ofÂ Timothy âTimâ SouterÂ as the new Group Chief Financial Officer.
A seasoned financial expert with expertise garnered in Europe and Africa, Tim SouterÂ brings overÂ 15Â years of financial leadership experience across several industriesÂ and sectorsÂ including technology, telecoms, financial and investment services.Â Prior to joiningÂ Appzone,Â Tim served as aÂ Partner at Ethos Private EquityÂ SAÂ where he was responsible for origination, execution and portfolio management of the tech and telecommunications sectors. A UK resident,Â Tim joins the Appzone Group while continuing to manage several other ongoing interests and will be commuting regularly between Nigeria and the UK
Mr. Obi Emetarom, CEO Appzone Group, said:Â âWe areÂ delightedÂ to haveÂ Tim join Appzone. He isÂ an experiencedÂ financeÂ professional with a demonstrated history of leadershipÂ in theÂ financial services industry acrossÂ sub-Saharan Africa, and hisÂ broad financial and strategic experience, particularly his understanding of how technology is reshapingÂ the financial services industry, will be an assetÂ toÂ us.â
TimÂ SouterÂ hasÂ over the years built anÂ extensive network in both the investment & financial services and telecoms sectors in Africa, andÂ he possessesÂ an intricate understanding of managing capital structures, currencies andÂ criticalÂ stakeholders.
TimÂ wasÂ alsoÂ involved in several non-TMT businesses during hisÂ time at Ethos, and his portfolio operated and invested across 10+ countries inÂ sub-Saharan Africa. As an active investorÂ andÂ shareholder,Â he hasÂ alsoÂ held non-executive directorships across his investment portfolio as well as being Chairperson of various subcommittees over the years.
Tim served as a non-executive director on the board of Eaton Towers, an independent tower company present inÂ sixÂ countries. HeÂ more recentlyÂ satÂ on the board of Echo, a corporate ISP, where he played an instrumental role in expanding the business intoÂ eightÂ additional African countries through acquisition.
Prior toÂ his role atÂ Ethos,Â TimÂ was part of the EMEA TMT advisory team at Macquarie Capital, based in Johannesburg, South AfricaÂ and Chicago, USA.
TimÂ holds a Master of Finance degree from INSEAD and is a CFA charter holder. He also holds a Bachelor of Business Science from the University of Cape Town.