About Us


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 and head of investments, 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.

Management Team

Winston Floquet CA(SA) MBA

Chairman and Head of Investments

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.

While seconded to Fleming Asset Management in 1999/2000, he managed a collective investment scheme and several pension and provident funds (total funds under administration of around R2.5bn). Winston’s experience in equities, bonds and futures thus spans over 40 years. Since October 2001, Winston has managed the Flagship IP Worldwide Flexible Fund, which has won four consecutive Raging Bull awards (2004 to 2007) and a further Raging Bull award in 2015, five Standard & Poors awards and one Micropal award; the Flagship IP Prudential Variable Fund, which won the Micropal Best Fund Award in 2008; and the Flagship IP Worldwide Flexible Fund of Funds which has won three consecutive Raging Bull Awards for the five year periods ending 31 December 2008, 2009 and 2010.

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. In March 1999, Simon moved to Cape Town to join Fleming Private Asset Management as head of its Western Cape branch, whereafter he was appointed a director of the company. In July 2000, Simon led the team that initiated the management buyout of Fleming Private Asset Management (changing the name to Flagship Private Asset Management) and now acts as Flagship’s CEO, as well as being responsible for Flagship’s client service, marketing and internal compliance.

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. In 2000 he returned to South Africa where he spent three years managing his own company which included consulting and advisory work for Corpcapital Limited and various other private equity businesses. In 2003 he re-entered the corporate market and was appointed group finance executive of African Banking Corporation and, in 2004, became a shareholder and equity investment director of Flagship. Paul manages the Flagship IP Prudential Variable Fund and with Winston Floquet, co-manages the Flagship IP Worldwide Flexible Fund.

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). After an 18-year career at HSBC and its predecessor firms, he left the group in December 2000. From 2001 to 2004 he managed a private investment company with great success before deciding to return to the business of managing third-party funds. This led to the formation of Osborne Capital, a niche fund management business, which merged with Hermes Asset Management in 2009, before merging with Flagship in 2011.

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. In his 20 years with Fairheads he managed a variety of funds including segregated pension and provident funds, various unit trusts, an international fund incorporating a composite hybrid fund of funds and direct equity mandate as well as segregated portfolio’s for high net worth clients. Bruce was a director of Fairheads Holdings, Fairheads Trust and Fairheads Asset Managers. In this time Bruce gained extensive experience across all asset classes and Fairheads Asset Managers twice headed the Alexander Forbes Manager Watch survey of retirement fund managers.

In 2007 Fairheads disposed of their interest in Fairheads Asset Managers. Bruce remained with the company as a director and filled a number of roles including CIO and CEO. In November 2010 Bruce joined the Flagship Investment Team to concentrate on the provision of segregated portfolio services to high net worth clients

Support Team

Candice Scholtz

Client Investment Administration cscholtz@flagshipsa.com

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 nvandercolff@flagshipsa.com

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.

Gabi Hough

Portfolio Managers’ Assistant ghough@flagshipsa.com

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

Ricky Lutchmia

Office Manager rlutchmia@flagshipsa.com

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