Board members

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Board members

The structure of the Board and election of Board members is governed by the Cotlands Constitution. The current Board comprises of independent non-executive Board members that are supported by the secretary, who is a Cotlands employee. The tenure of Board members is three years, with a maximum of six consecutive years. The Board’s primary objective is to ensure effective organisational leadership based on ethical foundations.


Marcelle Arnold

Chairperson of the board.

Marcelle is the Marketing Executive for the Mass & Foundation Cluster at Old Mutual. Marcelle has more than 26 years’ experience in marketing, of which nearly 19 years in financial services. Her experience spans across an array of financial services industry sectors, in 19 countries across Africa. Marcelle has a BA degree in Industrial Sociology and Psychology from the University of the Witwatersrand.

Audit, risk and business development committee


Theodore de Jager

Chairperson of the audit, risk and business development committee

Theodore is an executive with 19 years of audit and risk management experience gained through employment with Absa, Standard Bank and Deloitte, with expertise in auditing, risk management, project management and corporate governance across complex business lines and risk areas. He is passionate about leadership development and building healthy corporate cultures and high-performing teams. Theo is a Chartered Accountant and has a M.Com in Taxation from the University of Pretoria.


Motseki Majake

Treasurer of the board. Member of the audit, risk and business development committee.

Motseki is currently running his own business in the financial services industry. His previous work career includes 3 Sixty Financial Services Group as executive director, Union Life as Chief Executive Officer and MTN as senior manager: government. Motseki has a BSc Honours in Industrial Systems from the University of Pretoria and an MBA from the University of KwaZulu-Natal.


Bianca McGrath

Member of the audit, risk and business development committee

Bianca is an admitted attorney and has worked more than 14 years’ within both the life and non-life insurance sectors. Her experience ranges between legal, compliance and operations. Bianca’s strengths lie in utilising her legal training and background to actively problem-solve operational and regulatory risks within an organisation. Bianca has a Bachelor of Business Administration from the University of the Witwatersrand and a Bachelor of Law (LLB) from University of Johannesburg.


Nwabisa Bixa

Member of the audit, risk and business development committee.

Nwabisa is an enthusiastic Enterprise-Wide Risk Management Specialist with an Honours Degree in Econometrics from the University of Johannesburg. Both her work experience and qualification equip her with skills to critically analyse data, propose practical solutions, and lead risk culture change within organisations. Nwabisa has a track record of embedding policies & processes related to ERM, Financial Crime Risk, Conduct Risk, and New Business Risk. She is passionate about giving children multiple chances to be the best version of themselves by creating a safe environment and enabling culture for them to succeed.

Organisational development committee


Maxine Merrifield

Vice-chairperson of the board. Chairperson of the organisational development committee.

Maxine is extensively involved in Learning and Development with a focus on moving providers and learners into the world of online learning. She is passionate about developing people for online engagement and learning and enhancing the ability of all South African youth to engage with technology and become gainfully employed. Maxine has a BSc degree in Psychology from the University of the Witwatersrand.


Nicole Pillay

Member of the organisational development committee.

Nicole Pillay has 17 years’ experience in the Express Parcel Industry.  Her experience over the past 10 years has been as a qualified Education Training and Development Practitioner. Nicole is part of the Skills Development Task Team of SAEPA and heads up and manages skills development initiatives within SAEPA. (South African Express Parcel Association). Her love and passion is people development, with a drive to change the future leaders of South Africa. Nicole’s qualifications include a National Diploma in ODETDP, Human Resources Development and a National Certificate in ODETDP, Training & Development.


Yule Banda

Member of the organisational development committee.

Yule is a people strategist and transcendent coach, whose strength lies in unlocking potential through HR transformation, leadership development, organisational development, and coaching. He has spent the last two decades honing his human resources expertise in the financial services, banking, and public and higher education sectors. Yule has a BA Human Resource Management and Advanced Diploma in Labour Law from University of Johannesburg, and Advanced Programme in Organisational Development from UNISA.