Who we are


Flagship Asset Management evolved from the Fleming Martin private client business which was acquired by management in 2001 after Flemings merged with JP Morgan. Flagship is now a privately owned asset management company dedicated to private clients and smaller institutions and has as its chairman, Winston Floquet, formerly chairman of the Fleming Martin Group.

The company remains 100% owned by management and is registered with the FSB in South Africa as both a fund manager and discretionary financial services provider (under licence number 577).


To achieve worldwide asset growth and protection for clients through holistic, diversified and innovative investment processes; driven by a service-focussed and experienced management team; utilising the latest available technology and global research, targeting risk-conscious and consistently superior performance.

Investment Management Team

Winston Floquet CA(SA) MBA


Winston joined Martin & Co in 1969 and has throughout his career been involved in equities, fixed income, fund management and research (while CEO and head of research at Martin & Co, the company was rated the number 1 research house for 18 consecutive years). He has managed portfolios of private clients throughout his working life and ran the Martin & Co Provident Fund for over 30 years.

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Simon Hudson BA LLB


Simon left law after completing his articles in 1994, joining Investec Private Bank where he was responsible for developing the private client investment business. In 1996 he joined Rand Merchant Bank as head of the Corporate distribution channel of RMB Private Bank.

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Paul Floquet CA(SA) CFA

Director and Fund Manager

Paul qualified as a chartered accountant in 1995 with Deloitte and Touche. In 1998, he moved to London where he gained investment experience with JP Morgan, Merrill Lynch, and asset management experience with Vantage Investment Advisory Limited.

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Niall Brown CA(SA)

Director and Fund Manager

Niall has 34 years experience in investments. He manages the Flagship IP Flexible Value Fund. Niall was a director, and for a number of years, head of research at HSBC Securities (formerly Simpson McKie Inc). He was subsequently chief investment officer of HSBC Asset Management (South Africa).

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Pieter Hundersmarck BCom (Economics), MSc (Finance)


Pieter has been investing internationally for over 13 years. Prior to Flagship, he worked at Coronation Fund Managers for 10 years in the Global and Global Emerging Markets teams, and also co-managed a global equities boutique at Old Mutual Investment Group. Pieter holds a BCom (Economics) from Stellenbosch University and an MSc Finance from Nyenrode Universiteit in the Netherlands.

Kyle Wales CA(SA) CFA


Kyle has been investing internationally for over 12 years. Prior to Flagship, he worked at Coronation Fund Managers for 9 years in the Global and Global Emerging Markets teams, and also co-managed a global equities boutique at Old Mutual Investment Group. Kyle is a qualified chartered accountant and CFA charter holder.

Bruce Anderson CA(SA)

Senior Portfolio Manager

Bruce graduated from UCT with a BCom in 1976 and qualified as a CA(SA) in 1981 following articles with Arthur Young in Cape Town. He spent 4 years at Irvin & Johnson as Financial Controller and then joined Fairheads Trust as Portfolio Manager in 1986.

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Support Team

Emma Hulton BBusSci (Honours)


Emma is the business strategist for the global investment team…

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Gabi Hough

Portfolio Managers’ Assistant [email protected]

Gabi provides support to Flagship’s fund managers, as well as Flagship client servicing and liaison.

Candice Scholtz

Client Investment Administration [email protected]

Candice is in charge of all aspects of Flagship’s client investment administration. She also coordinates Flagship’s cash management service.

Naomi Van der Colff

Company Secretary [email protected]

Naomi acts as Flagship’s company secretary and financial manager and has done so for more than 15 years. In addition to this, she provides Flagship’s bookkeeping services.

Ricky Lutchmia

Office Manager [email protected]

Ricky is responsible for all aspects of the efficient running of the Flagship office.