Some background information
At just 46, Peter Armitage has made a name for himself as a Financial Analyst, Head of Research, Fund Manager and Chief Investment Officer. He ran an internet media business in the early 2000s and has written a book, but it was when he started Anchor Capital in 2012 that he truly found his niche. Armitage is currently South Africa’s fastest growing asset manager, with over R7 billion assets under his management.
Managing 50 staff across Sandton, Irene, Durban and Cape Town, Armitage is a busy guy – but not too busy to push Anchor Capital’s share price rise up from R2 to R9 since its listing in 2014. He is also a qualified CA (SA) and served his articles at Deloitte, then moving through some of the biggest names in business over the years – Merril Lynch, Deutsche Bank, Nedbank… all until December 2011, when he stepped up as CIO of Investec Wealth and Investment.
FROM A CARAVAN PARK TO MANAGING BILLIONS
Chartered accountant and founder of Anchor Capital, Peter Armitage, who owns $1.55-million worth of shares in his company, was born in a caravan park in Boksburg, Johannesburg. At the age of seven, his family moved out of the trailer park to Durban where he studied and took on a part-time job to pay his fees, earning $13 a shift as a rugby reporter for a newspaper.
Armitage returned to Johannesburg with a degree to work as an analyst for Deutsche Bank. Soon he became South Africa’s top-rated analyst. He received 21 number one ratings for seven years and was named analyst of the year in 1999.
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The Anchor Group is a financial services holding company with investments in a number of Financial Services companies. Asset management is the focus and Anchor Capital, Anchor Securities and Cartesian Capital are all registered with the Financial Services Board. Ripple Effect 4 provides education and research services, primarily in the financial services arena.