The international business world is currently undergoing significant changes at the top levels, as evidenced by major leadership transitions announced this week at Allfunds, a leading wealth and banking platform, and SPAR South Africa, a prominent retail chain. These changes reflect the dynamic nature of executive management in the global financial and retail sectors.
Allfunds, headquartered in Luxembourg, confirmed that its founder and CEO of 25 years, Juan Alcaraz, will be stepping down from his position. Alcaraz, who has been instrumental in building Allfunds into a major player in the wealth management industry, will remain with the company in an advisory capacity for the next 12 months to ensure a smooth handover. During his tenure, Allfunds has become a critical link between fund houses and distributors, offering a comprehensive platform for investment solutions.
Taking over the reins at Allfunds will be Annabel Spring, a highly respected figure in the global banking and wealth management arena. Spring joins Allfunds from HSBC, where she served as the CEO of global private banking and wealth. Her extensive experience also includes a significant tenure at Commonwealth Bank of Australia. Spring’s appointment is seen as a strategic move to leverage her expertise in driving growth and innovation in the rapidly evolving financial technology landscape. She is expected to bring a fresh perspective to Allfunds, focusing on enhancing its digital capabilities and expanding its global reach.
In South Africa, SPAR South Africa, a key player in the country’s retail sector, is also undergoing a major leadership change. Max Oliva, who has dedicated 30 years of service to SPAR, has announced his resignation as CEO. Oliva’s departure marks the end of an era, during which he played a crucial role in the expansion and success of the SPAR brand in the region.
Oliva is set to embark on a new chapter in his career as the CEO of McDonald’s South Africa, effective July 2025. His move to the fast-food giant represents a significant shift in his career path, bringing his extensive retail experience to the food service industry.
To ensure continuity and a smooth transition at SPAR South Africa, Angelo Swartz, the current SPAR Group CEO, will assume operational leadership for the Southern Africa region. Swartz’s expanded role underscores the company’s commitment to maintaining its market position and navigating the competitive retail environment. These transitions at Allfunds and SPAR South Africa highlight the ongoing shifts in global corporate leadership, with experienced executives moving into new roles and companies adapting to changing market dynamics.
