Pupil becomes the master

After years of serving as understudy to Tilman Friedrich, Marthinuz Fabianus has officially taken the helm at the Retirement Fund Solutions as the substantive managing director.
Octavia Tsibes
Octavia Tsibes



Retirement Fund Solutions (RFS) recently confirmed Marthinuz Fabianus as its new managing director to take over from long-serving Tilman Friedrich who will now chair the company's board.

Fabianus joined the RFS in 2001.

He graduated from the then Polytechnic of Namibia a diploma in commerce and a bachelor's in business management.

“I have been in the industry for 24 years since 1994. The highlight has been the ascend of our business Retirement Fund Solutions to being currently the biggest wholly Namibian-owned pension fund administrator in Namibia and of course my recent appointment as managing director,” Fabianus said.

Fabianus' meteoric rise has been a long time coming and started from humble beginnings.

In 1994 he started working as a filing and delivery clerk for the now defunct pension fund administrator United Pension Administrators (UPA) under the tutelage of Friedrich.

After three months on the job, Fabianus approached Friedrich on the basis that he wanted more challenges.

As a trainee, he was told that his development would depend on his academic performance.

In 1999 UPA was sold to Alexander Forbes, while Friedrich resigned to form RFS.

On the other hand, Fabianus had risen through the ranks to become an associate consultant. He later took up the role of marketing manager at Old Mutual's employee benefits division.

He resigned from this role in 2001 before teaming up again with Friedrich at RFS.

At RFS he started as administration manager.

He later become an alternate director, shareholder and director of client services, before his appointment first as deputy managing director and now as managing director.



Visionary

Speaking of his vision for RFS, Fabianus says he wants the company to become a household name in the Namibian market.

He promised to work tirelessly to pass on a healthy business to the RFS shareholders.

RFS is one of the leading pension fund administrators in the country, and manages over 60 funds and 100 smaller groups under its Benchmark Retirement Fund.

“Pension funds are subject to robust and dynamic regulatory requirements that we have to keep to and which increases the costs of managing pension funds,” he says.

According to Fabianus, a draft law is in the pipeline which will change the face of pension fund administration.

“Most employers and employees alike do not correctly understand the complex setup of pension funds which often leads to poor decision-making,” he says.

Except for RFS, all significant service providers in the industry are extensions of South African companies, with huge financial backing and skills based in SA and minimal capacity created locally.

Explaining his focus for the coming years, Fabianus said the four aspects which he will hone in on are visibility, key relationship building, dynamic stakeholder engagement and driving the company's strategic actions and goals.

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Namibian Sun 2024-05-04

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Premier League: Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Getafe 0 vs 2 Athletic Club SerieA: Torino 0 vs 0 Bologna Katima Mulilo: 13° | 32° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 15° | 30° Otjiwarongo: 13° | 29° Omaruru: 12° | 31° Windhoek: 12° | 27° Gobabis: 15° | 28° Henties Bay: 15° | 21° Wind speed: 28km/h, Wind direction: S, Low tide: 06:39, High tide: 12:59, Low Tide: 18:48, High tide: 01:14 Swakopmund: 15° | 17° Wind speed: 34km/h, Wind direction: S, Low tide: 06:37, High tide: 12:57, Low Tide: 18:46, High tide: 01:12 Walvis Bay: 16° | 24° Wind speed: 39km/h, Wind direction: S, Low tide: 06:37, High tide: 12:56, Low Tide: 18:46, High tide: 01:11 Rehoboth: 13° | 28° Mariental: 16° | 31° Keetmanshoop: 16° | 31° Aranos: 14° | 29° Lüderitz: 15° | 27° Ariamsvlei: 15° | 32° Oranjemund: 13° | 22° Luanda: 24° | 28° Gaborone: 14° | 28° Lubumbashi: 12° | 26° Mbabane: 14° | 30° Maseru: 10° | 24° Antananarivo: 11° | 23° Lilongwe: 15° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 19° Durban: 19° | 26° Johannesburg: 15° | 25° Dar es Salaam: 22° | 28° Lusaka: 15° | 28° Harare: 13° | 28° Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 301.81/OZ DOWN -0.0011 | Copper US$ 4.53/lb UP +1.46% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 83.49/BBP DOWN -0.0105 | Platinum US$ 955.87/OZ UP +0.28%