DETAILED CORPORATE PROFILE
ATCHISON ACTUARIES & CONSULTANTS
Atchison Actuarial Services (Pvt.) Ltd
© 2013
CONTENTS PAGE
INTRODUCTION
2
COMPANY BACKGROUND
2
SERVICE PROFILE
2
BOARD OF DIRECTORS
3
KEY OPERATING PERSONNEL
3
FINANCIAL INFORMATION
3
SERVICE COMPONENTS
4
QUALIFICATIONS OF KEY PERSONNEL
11
CONTACT DETAILS
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2
1.
INTRODUCTION
1.1
Company Background
Atchison Actuarial Services Company (Private) Limited (Atchison) was officially
registered in Zimbabwe and Namibia as a professional actuarial consultancy firm.
Atchison’s objective is to provide cutting edge actuarial solutions that will enable
businesses and institutions to achieve their financial objectives.
1.2
Service profile
We pride ourselves in the provision of a professional, innovative, independent,
and efficient actuarial consultancy service in the following spheres:
Employee Benefits design;
Enterprise Risk Management;
Financial Risk Management;
Investment consulting;
Risk control solutions;
Communication of complex financial issues;
Experience monitoring and tailored business research and;
General actuarial consultancy services.
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2.
3.
BOARD OF DIRECTORS
Mr. A. Rowland
(CHAIRMAN –NON-EXECUTIVE)
Mrs. M. Makusha
(NON-EXECUTIVE)
Mr. R. G. Muirimi
(NON-EXECUTIVE)
Mr. T. J. Chituku
(NON-EXECUTIVE)
Mr. J. Olubayi
(EXECUTIVE)
KEY OPERATING PERSONNEL
Atchison’s team is led by James Olubayi who has been qualified as an actuary for
over twenty years, supported by a team of six who are at various stages of their
qualification.
4.
FINANCIAL INFORMATION
4.1
BANKERS
Ecobank Zimbabwe,
Block A, Sam Levy Office Park, 2 Piers Road, Borrowdale
4.2
AUDITORS
BDO Zimbabwe
4
MAIN SERVICE COMPONENTS
5
Employee Benefits Consulting
6
Employee Benefits Consultancy Services
Retention of high quality staff and attraction of
adequately skilled candidates is a crucial, if not
the most important, element of bolstering
business growth. Atchison creates a platform
that allows Employees to do this by being
involved in:
Benefits design, Advice and Communication
o Reserving, legislative compliance reviews,
preparation of fund rules, Trustees
training, fund communication policy,
structuring benefit levels and forms,
expense management.
Asset-liability profiling
o Setting up an investment philosophy,
creating and managing surplus distribution
philosophy, Developing fund investment
benchmarks, monitoring performance,
asset-liability modelling.
Actuarial Services
o Statutory DB actuarial valuations, DC
financial reviews, calculation of member
benefits on exit, advising Trustees on
plausible risk control measures, pension
increases, producing member certificates,
currency conversion.
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Investment Consulting
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Investment Consulting Services
“It is part of a wise man to keep himself today
for tomorrow, and not venture all his eggs in
one basket”- Miguel de Cervantes
Atchison’s Investment Philosophy
“Superior returns, at below average risk,
achieved through value-investing and
subordinating emotional to intelligent
investment - Warren Buffet”
Atchison offers
following:
clients
the
Portfolio construction, individual asset
allocation, setting investment objectives,
developing an investments strategy and
investment risk management;
Overall
investment
performance
measurement, attribution analysis, riskreturn analysis and optimisation, assessing
fulfilment of investment objectives;
Investment project management, Capital
project appraisal, financial analysis and
planning, risk control.
Investment opportunities research, regular
client updates and bulletins, market
surveys;
Atchison Actuarial values Diversity,
long-term stability as opposed to
erratic and unpredictable jumps, to
help clients achieve superior riskadjusted returns.
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Actuarial Consulting
Investment Consulting
10
General Actuarial Consultancy
Services
Atchison Strives to:
Employ the best quality staff to conduct
annual Reviews and valuations of pension
funds, insurance companies and other benefit
schemes;
Assess, quantify, manage, and monitor the
risks inherent in financial structures,
products,
schemes,
contracts
and
transactions that provide benefits on future
financial Events;
Advising on the setting up of new benefit
schemes, asset the cost implications of
targeting certain benefit levels, providing
funding advice, monitor the progress of the
accumulation of a scheme;
Take leadership in scheme benefits design
modification, scheme wind ups, conversion
from
Defined
Benefit
to
Defined
Contribution;
Risk Control solutions, Financial risk
modelling, implementing banking and
insurance risk management frameworks,
implementing Enterprise risk management
frameworks and;
Data verification, economic analyses, asset
valuations and financial projections, use
models to assess the financial impact of
uncertain future events.
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Qualifications of Key Personnel
James I Olubayi [F.I.A (UK), 1994], Chief Actuary – A founding director of Atchison,
James is a seasoned entrepreneur with more than 23 years experience as a practicing
actuary. In 2009, he formed Atchison Actuarial Services and James has been the
company's chief actuary since then. He is the team leader whose role is to enforce
professionalism and to establish key organisational processes that meet client
expectations.
His professional career was shaped by experience gained with Hymans Robertson (UK)
and Alexander Forbes Financial Services (East Africa) Limited. James has been involved
with the Zimbabwean Pensions and Insurance industry since 2001.
Tawanda Chituku [D.A.T, C.F.I (UK), 2011], General Manager – Tawanda is a founding
non-executive director of Atchison Actuarial Services. He is a nearly qualified actuary and
currently holds a Postgraduate Diploma in Actuarial Techniques as well as a Chartered
Certificate in Finance and Investment. His career began in 2003 and he has assumed
varying actuarial roles since. Tawanda is the team leader responsible for client service
and promise delivery.
Elphas Toreveyi [Bsc. (UKZN)], Senior Actuarial Analyst – Elphas is an experienced
actuarial analyst, who holds a Bachelor of actuarial science degree from the University of
Kwazulu Natal in South Africa. He joined Atchison on 1 January 2011 where he has a key
player in the team. He is responsible for high level actuarial analysis and modelling,
which are key components to the successful execution of client mandates. Elphas is faring
well with his studies to become an actuary.
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Contact us
For More information please contact us using the details below:
118 McChlery Avenue, Eastlea, Harare, Zimbabwe
Tel: +263 (0) 4 770025/7, +263 (0) 4 773263/4
Email: tchituku@atchison.co.zw
actuaries@atchison.co.zw
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