In Memory of Bruce Anderson

Our friend and colleague, Bruce Anderson, passed away in early October, after a valiant fight against cancer. Ever the optimist, Bruce was in and out of the office throughout his illness, always upbeat, eternally cheerful. A surfer, avid mountain bike rider, paddler and family man, Bruce achieved so much in his lifetime, not least of which was founding the International School in his home suburb of Hout Bay. His wonderful sense of humour and wit could be appreciated in ‘The Monthly Observer’ emails he sent to his clients, and as a valuable contributor to our Telescope. He had been a part of the Flagship family for 13 years and will be greatly missed.

Bruce graduated from UCT with a BCom in 1976 and qualified as a CA(SA) in 1981 following articles with Arthur Young in Cape Town. He spent 4 years at Irvin & Johnson as a Financial Controller and then joined Fairheads Trust as Portfolio Manager in 1986. In his 20 years with Fairheads he managed a variety of funds including segregated pension and provident funds, various unit trusts, an international fund (incorporating a composite hybrid fund of funds and direct equity mandate) as well as segregated portfolio’s for high-net-worth clients. Bruce was a director of Fairheads Holdings, Fairheads Trust and Fairheads Asset Managers. In this time, Bruce gained extensive experience across all asset classes and Fairheads Asset Managers twice headed the Alexander Forbes Manager Watch survey of retirement fund managers. In 2007 Fairheads disposed of their interest in Fairheads Asset Managers. Bruce remained with the company as a director and filled a number of roles including CIO and CEO. While at Flagship, Bruce managed segregated portfolio services to high-net-worth clients.

Pictured below, to the right of Winston, Bruce’s contribution to the culture at Flagship will be felt for years to come.