Sygnia has announced that it has appointed Niki Giles as its financial director with immediate effect.

‘Ms Giles was previously employed by Sygnia from its inception on 1 November 2006, and acted as the financial director of the company from its listing on the JSE on 14 October 2015 until 1 February 2017, whereafter she continued to serve as the chief operating officer of the Sygnia Group until 30 September 2018,’ Sygnia said in a statement.

‘Ms Giles rejoins Sygnia after almost five years, and we look forward to the resumption of her contribution to the growth and success of the Sygnia Group,’ the company added.

Giles joins the company again after over four years at Prescient, where she joined as head of investor services and product. She most recently occupied the role of Prescient head of governance, risk and compliance.

Since the start of 2023, Sygnia has experienced a high turnover of top executives, with chief executive David Hufton leaving the company at the end of April and Sygnia founder Magda Wierzycka returning as a chief executive from the start of May.

In addition, financial director Murad Sirkot left the company on 1 April. Carmen Le Grange was due to join Sygnia in April as its new financial director, but in late March, Sygnia withdrew Le Grange’s appointment.