Having previously served as Business Development Manager, du Preez transitions into his responsibilities at Orbis Investments, focusing on fortifying relationships with research houses and enhancing the firm's retail strategy and product offerings within Australia. His base of operations will be in Melbourne.
In light of his new position, du Preez shared insights into the investment philosophy that both firms prioritize. “The Orbis and Allan Gray philosophy is grounded in contrarian, long-term investing, and a commitment to uncovering the intrinsic value of companies,” du Preez stated. He emphasized the importance of discipline and non-conformity during volatile market conditions, aiming to optimize long-term returns for Orbis clients in 2025.
du Preez's journey with Allan Gray began in South Africa back in 2008, where he accumulated extensive experience across several functions such as product development and client engagement. His move to Australia in 2019 marked the continuation of his career, where he dedicated his efforts to supporting financial advisers and wealth management experts throughout Victoria, Tasmania, and South Australia.
“Vern brings over 17 years of experience in fundamental, long-term, contrarian investing gained across diverse markets through his tenure at Allan Gray and Orbis. We are delighted to welcome him to the Orbis team," noted Jason Ciccolallo, Managing Director and Head of Clients at Orbis Investments. Ciccolallo’s statement underscores the strategic value du Preez adds to Orbis as they navigate an evolving investment landscape.
The original report about this appointment was covered by the source: Orbis Investments hires specialist from sister company.
