Roland Sassoon will step down as chief executive officer of Sasfin Holdings Limited and will be succeeded by Michael Sassoon, currently an executive director of the Company, with effect from 1 January 2018. Roland Sassoon will, however, continue to fulfil the role as CEO of Sasfin Bank Limited, the Company's wholly-owned subsidiary, as well as a non-executive director of the Company for the foreseeable future, which will allow for a smooth transition.