After 16 years with the Sanlam Group, including 11 years as a fund manager and two years as the Chief Executive Officer of SIM Namibia, Swartz will step down from his CEO responsibilities with effect from January 1 2007.

As part of SIM Namibia's succession planning, Tega Shiimi ya Shiimi has been groomed to take over the role of CEO from Swartz in January 2007.

Shiimi ya Shiimi has spent over five years with the Sanlam Group and joined SIM Namibia in June 2003, where he held various managerial positions.

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