Walter Staffetius, Regional Director – East Rand
Walter is a seasoned Chartered Accountant with 20+ years’ post qualification experience predominantly in the financial services sector. He has been involved in investment banking in a variety of disciplines ranging from Private Equity, Structured Finance, Corporate Finance, Project Finance, Debt Capital Markets and related Treasury product offerings.
Walter has spent around eight years in the public sector in three South African DFI’s (Industrial Development Corporation, the Development Bank of Southern Africa and the LandBank). He also has six years’ work experience in two of the big four South African investment banks (FirstRand and Nedbank). He was also Chief Director : Funding Mechanisms for the Department of Public Enterprises which is the SA Government Ministry that acts as the Shareholder Representative for the large State Owned Entities such as the National Power Utility (Eskom), the National Flagship Carrier (South African Airways) and the Railway and Ports Operator (Transnet). His role was ostensibly to source long term funding for the capital expansion programmes
Walter has held numerous international senior financial management positions, including as Founding Director and Chief Financial Officer for Rand Merchant Bank in Mauritius, Financial Manager of Avroy Shlain Cosmetics (a subsidiary of the Sara Lee Corporation of the US at the time) as well as Chief Executive Officer for Metalmin Metals and Minerals in Mauritius, (the largest exporter of chrome, manganese and iron ore concentrates in the world at that stage).
Throughout his banking career he has been instrumental in originating, structuring and implementing at least 50 transactions involving a plethora of deal types and financial instruments with an aggregate asset quantum of over US$ 1 billion. His deal-making and advisory experience spans all sectors across the continent and he has been involved in all aspects of deal origination, negotiation, debt and equity arranging, structuring, legal implementation and risk management.
For the last four years, Walter been running his own financial consulting business, Piton Advisory Services, focusing on transaction advisory services including capital raising, due diligence, valuations and financial modelling.