PUBLIC INVESTMENT CORPORATION (PIC) VACANCIES

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We are currently seeking applications from dynamic individuals for the following position: 
 
CHIEF INVESTMENT OFFICER – PROPERTIES AND INFRASTRUCTURE 
 *Job Grade: F band 
Employment type: Five-year fixed-term 
Ref: CIOIP326 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
Provides strategic leadership of the Unlisted Properties and Infrastructure investment portfolio. This role is responsible for defining, leading, and executing the PIC’s Property and Infrastructure investment strategies across direct, indirect properties and related asset classes. The CIO should ensure that investments deliver long‑term value, are selected and monitored through rigorous due diligence, meet portfolio‑level strategic goals, comply with regulatory and governance standards and deliver on the targeted returns.
 
Minimum Requirements: 

• At least 15+ years of Senior Management experience in the property and infrastructure investment or financing industry, with significant experience in managing related investment portfolios over multiple market cycles. 
• Demonstrated leadership experience in managing investment teams in a large institutional or asset-management environment. 
• Demonstrated involvement in infrastructure development sectors (e.g., energy, transport, water, telecoms). 
• Understanding of policy, regulatory environments, and the investment landscape governing infrastructure assets. 
• Experience in modelling, due diligence, feasibility studies, or PPPs (public–private partnerships). 
• Minimum five years in executive leadership/Top Management. 
• Master’s degree (Property/Real Estate, Finance, Engineering, Economics, or Related) 
• CFA, CA (SA)Pr. Eng designation or equivalent. 
• FAIS Registered Key Individual (RE 05, 01 and 03 Certificate). 

 
Preferred Qualifications: 

• Postgraduate degree (Master’s level) in property-related studies/Infrastructure/Finance/ Engineering or related. 
• Professional designation(s) related to the field of work are advantageous. 
• Prior experience in sustainable development, climate-resilient infrastructure, or ESG integration is advantageous. 

 
Key Responsibilities 
1. Private Markets Strategy & Leadership 

• Develop and execute comprehensive, multi‑year properties and Infrastructure investment strategies per unlisted asset class aligned with client investment mandates and organisational objectives. 
• Shape the investment philosophy, asset‑class frameworks, pacing models, and long‑term deployment strategies. 
• Lead strategic initiatives to scale private‑markets capabilities and harmonise processes. 

 
2. Portfolio Construction & Oversight 

• Oversee diversified property and infrastructure portfolios across buyout, venture, credit and other unlisted asset classes. 
• Manage capital pacing, liquidity planning, and long‑term asset allocation. 
• Optimise risk‑adjusted returns and ensure alignment with long‑term strategic benchmarks.

 
3. Investment Selection, Due Diligence & Execution 
4. Valuation, Reporting & Governance 3
5. Value Creation & Portfolio‑Company Engagement 

• Drive operational and strategic value creation initiatives. 

6. Risk Management & Compliance 
7. Leadership & Team Development 
8. Stakeholder Engagement & Communication 
 
Competencies and skills: 
Minimum Technical/Core Skill Requirement: 

• Proven leadership experience in managing an investment team in a large institutional or similar environment. 
• Strong understanding of global markets, financial modelling, risk analytics, valuation, underwriting, and regulatory frameworks. 
• Experience in infrastructure investment, project finance, economic analysis, or infrastructure consulting. 
• Knowledge of policy and regulatory environments governing infrastructure sectors. 
• Experience with feasibility studies, financial models, due diligence, or public–private partnerships. 
• Understanding of international infrastructure standards and economic regulations. 
• Facilities management. 
• Properties and project management skills. 
• Deep financial and investment knowledge in all sectors of infrastructure financing 
• Exceptional communication skills and board-level presentation experience. 
• Industry knowledge and experience. 
• Risk-aware decision-making and management. 
• Strong analytical and problem-solving capability. 
• Ability to manage complex projects in multi-stakeholder environments. 
• Planning and managing resources. 
• Strategic and analytical thinking. 
• Asset allocation knowledge. 
• Strong governance and ethical orientation. 
• Leadership and team development. 
• Innovation and adaptability. 
• Strategic foresight. 
• Strong communication and stakeholder management. 
• Adaptability and long‑term thinking. 

 
 
Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 
 
Closing Date: 13 March 2026 
 
The PIC is an equal opportunities employer, aligning appointments with the PIC Employment Equity plan. 
 
Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za
 
Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.
 
 
 
 
 
 

We are currently seeking applications from dynamic individuals for the following position: 
 
CHIEF INVESTMENT OFFICER – UNLISTED INVESTMENTS 
*Job Grade: F band 
• Employment type: Five-year fixed-term 
• Ref: CIOUI326 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
Provides strategic leadership of the unlisted investment portfolio. This role is responsible for defining, leading, and executing the organisation’s private‑markets investment strategy across private equity, private credit and other illiquid alternative asset classes. The CIO should ensure that private-market investments deliver long‑term value, are selected and monitored through rigorous due diligence, meet portfolio‑level strategic goals, comply with regulatory and governance standards and deliver on the targeted returns. 
 
Minimum Requirements: 

• At least 15+ years of Senior Management experience in the investment management industry with significant experience in managing unlisted investment portfolios over multiple market cycles. 
• Demonstrated expertise in portfolio management, due diligence, and general partner oversight. 
• Minimum five years in executive leadership/Top Management. 
• Master’s degree (Finance, Economics, Investment Management, or Related). 
• CFA,CA (SA), Pr. Eng designation or equivalent. 
• FAIS Registered Key Individual (RE 05, 01 and 03 Certificate). 

 
Preferred Qualifications: 

• Professional designation or Registration, CFA, CA (SA), Pr.Eng designation or equivalent. 

 
Key Responsibilities 
1. Private Markets Strategy & Leadership 

• Develop and execute a comprehensive, multi‑year private‑markets investment strategy per unlisted asset class aligned with client investment mandates and organisational objectives. 
• Shape the investment philosophy, asset‑class frameworks, pacing models, and long‑term deployment strategies. 
• Lead strategic initiatives to scale private‑markets capabilities and harmonise processes. 

2. Portfolio Construction & Oversight 

• Oversee diversified private‑markets portfolios across buyout, venture, credit and other unlisted asset classes. 
• Manage capital pacing, liquidity planning, and long‑term asset allocation. 
• Optimise risk‑adjusted returns and ensure alignment with long‑term strategic benchmarks.

3. Investment Selection, Due Diligence & Execution 
4. Valuation, Reporting & Governance 
5. Value Creation & Portfolio‑Company Engagement 

• Drive operational and strategic value creation initiatives. 

6. Risk Management & Compliance 
7. Leadership & Team Development 
8. Stakeholder Engagement & Communication 
 
Competencies and skills: 
Minimum Technical/Core Skill Requirement: 

• Proven leadership experience in managing an investment team in a large institutional or asset management environment. 
• Strong understanding of global markets, financial modelling, risk analytics, valuation, underwriting and regulatory frameworks. 
• Exceptional communication skills and board-level presentation experience. 
• Industry knowledge and experience. 
• Advanced strategic skills. 
• Compliance management. 
• Risk-aware decision-making and management. 
• Pro-active thinking. 
• Information systems. 
• Inter-personal relations. 
• Analytical.
• Planning and managing resources. 
• Presentation skills. 
• Strategic and analytical thinking. 
• Asset allocation knowledge. 
• Strong governance and ethical orientation. 
• Leadership and team development. 
• Innovation and adaptability. 
• Strategic foresight. 
• Analytical strategy. 
• Governance and fiduciary discipline. 
• Communication and stakeholder management. 
• Adaptability and long‑term thinking. 

 
 
Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 
 
Closing Date: 13 March 2026 
 
The PIC is an equal opportunities employer, aligning appointments with the PIC Employment  Equity plan. 
 
Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za
 
Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.

​We are currently seeking applications from dynamic individuals for the following position: 
 
CHIEF INVESTMENT OFFICER – LISTED INVESTMENTS 
*Job Grade: F band 
Employment type: Five-year fixed-term 
Ref: CIOLI326 
Salary: All-inclusive remuneration package negotiable 
Centre: Public Investment Corporation, Pretoria 
 
Purpose of the role: 
The Chief Investment Officer, Listed Investments, provides strategic leadership and oversight of the corporation’s listed investments portfolio. This role ensures optimal risk-adjusted returns, strong governance, and alignment with the company’s long term financial and sustainability objectives. The CIO, Listed Investments, oversees investment strategy, asset allocation, manager selection, and portfolio performance across all listed asset classes. 
 
Requirements:

• At least 15+ years of Senior Management experience in the investment management industry with significant experience in managing listed investment portfolios over multiple market cycles. 
• Demonstrated expertise in portfolio management, asset allocation, and manager selection. 
• Minimum five years in executive leadership/Top Management. 
• Master’s degree (Finance, Economics, Investment Management, or Related). 
• CFA,CA (SA), Pr. Eng designation or equivalent. 
• FAIS Registered Key Individual (RE 05, 01 and 03 Certificate). 

 
Preferred Qualifications: 
Professional designation or Registration, CFA, CA (SA), Pr.Eng designation or Equivalent. 
 
Key Responsibilities 
1. Strategic Leadership & Investment Governance 

• Develop and execute an investment strategy aligned with corporate objectives and shareholder expectations. 
• Lead creation and continuous refinement of the Investment Policy Statement and strategic asset allocation framework. 
• Provide thought leadership on capital markets, global trends, and evolving investment opportunities. 

2. Portfolio Management & Optimisation 

• Oversee multi-asset listed investment portfolios across equities, fixed income, listed property, ETFs, and index strategies. 
• Ensure portfolios deliver competitive long-term performance through evidence-based, research-driven decision-making. 
• Direct implementation of investment strategies, including active, passive, factor-based, and thematic mandates. 

3. Manager Selection & Oversight 

• Lead selection, due diligence, appointment, and monitoring of external asset managers. 
• Evaluate mandate performance, investment processes, and risk profiles of all external managers. 

4. Risk Management & Regulatory Compliance 
5. Research, Analytics & Market Intelligence 
6. Leadership & Stakeholder Engagement 3 
 
Minimum Technical/Core Skill Requirement: 

• Proven leadership experience in managing an investment team in a large institutional or asset management environment. 
• Strong understanding of global markets, financial modelling, risk analytics, and regulatory frameworks. 
• Exceptional communication skills and board-level presentation experience. 
• Industry knowledge and experience. 
• Advanced Strategic skills. 
• Compliance management. 
• Risk-aware decision-making and management. 
• Pro-active thinking. 
• Information systems. 
• Inter-personal relations. 
• Analytical.
• Planning and managing resources. 
• Presentation skills. 
• Strategic and analytical thinking. 
• Asset allocation knowledge. 
• Strong governance and ethical orientation. 
• Leadership and team development. 
• Innovation and adaptability. 

 
 
Our firm values diversity, and excellence and is committed to the realisation of these across all operations and investment activities. If you are dynamic, resilient, agile, disciplined and willing to be part of a team that is focused on creating meaningful change, you are welcome to submit your application for this position. 
 
Closing Date: 13 March 2026 
 
The PIC is an equal opportunities employer, aligning appointments with the PIC Employment  Equity plan. 
 
Please forward a copy of your comprehensive curriculum vitae to: Recruitment1@pic.gov.za
 
Privacy Notice: By submitting your application, you consent to the PIC processing your personal information as per applicable laws and the PIC Privacy Policy available on the PIC website (www.pic.gov.za). You are free to withdraw your consent at any time, after which, the PIC may cease processing your application.