In the competitive realm of financial services, few leaders shine as brightly as Naleni Govender, the Managing Director and Head of Enko Capital South Africa. Her journey from a small town in South Africa to the helm of a leading asset management firm is a testament to her resilience, dedication, and visionary leadership. In this article, we delve into her inspiring story, exploring the key moments that shaped her career, her approach to balancing professional and personal life, and her vision for the future.
A Foundation Built on Family and Education
Naleni Govender’s journey into the financial services industry began in Howick, Pietermaritzburg, South Africa. Growing up in a working-class family, her exposure to global markets came through watching CNN International and reading newspapers like Business Day. “My interest continued to grow through high school,” she explains, “and I pursued an undergraduate degree in Finance & Economics from the University of Natal in South Africa.”
Her parents played a pivotal role in shaping her aspirations. “My parents are my inspiration!” she exclaims. Watching them persevere to build financial freedom motivated her to understand financial markets and manage her own money. Coming from a South Asian background, education and religion were core pillars of her upbringing, instilling values of hard work and integrity that she carries with her to this day.
Key Career Milestones: From Analyst to Managing Director
Naleni’s career is marked by pivotal moments that led her to Enko Capital. Early on, influential mentors helped her develop essential skills. “They taught me to challenge myself and be assertive,” she asserts. Her journey has been adventurous, filled with peaks and troughs.
A significant turning point was her time at RisCura, where she honed her networking and negotiation skills under CEO Jarred Glansbeek. “I have not looked back since,” she says. Her success continued as she implemented growth strategies for asset management businesses, eventually leading her to Enko Capital, focusing on creating value in African markets.
“My success is built on the support of those around me,” Naleni asserts. All her achievements reflect her dedication, resilience, and ability to balance multiple responsibilities.
Aligning Purpose with Professional Goals
Success for Naleni is defined by her ability to develop and implement growth strategies for asset management businesses. “My perspective has changed as my purpose is no longer just focused on achieving the numbers but on achieving growth through alignment to purpose and positive impact on society,” she explains. The Japanese concept of IKIGAI has allowed her to utilize her skills for the betterment of society and the African continent.
Throughout her career, Naleni has faced significant challenges, particularly in an industry that still lacks diversity and inclusion of women in leadership positions. “I have had to put in a lot of hard work and effort to effectively navigate the industry,” she asserts. Mentorship and support from both male and female colleagues have been crucial in overcoming these challenges. “Lesson 1, be open to mentorship and coaching by those who have walked before you,” she advises.
Recent Experiences at Enko Capital: Innovation and Growth
Naleni’s role at Enko Capital allows her to be creative and innovative as she looks to grow the business in South Africa and Africa over the next 3 to 5 years. “Over the last 6 months, I have spent my time developing the business strategy for South Africa,” she explains. Her days are filled with steep learning curves and integration of her own skills into the rest of the business.
Working in an organization that celebrates diversity, Naleni is surrounded by colleagues from various countries, creating a rich and dynamic work environment. “Walking into the offices in Johannesburg, it is the norm to be greeted in French,” she says. This multicultural environment enhances her ability to understand the people, processes, and products essential for business growth.
Empowering Future Generations: Mentorship and Leadership
Naleni is passionate about empowering future generations through mentorship and by example. She runs a mentorship program focused on developing talent within the financial services industry. “My goal is to give back to the industry by ensuring that there is a pipeline of highly skilled talent,” she explains. Her mentorship program provides insight and guidance to real-life workplace challenges, using her own experiences as case studies for learning.
In addition to her mentorship program, Naleni plays a larger role in the South African pension fund industry through the Institute of Retirement Funds Africa. She is a member of the Investment Practices Committee, responsible for bringing together the asset management industry, regulators, and clients to enable a culture of sustainable long-term savings for Africa and its people.
“The manager accepts the status quo, the leader challenges it”
Future Trends and Goals
Looking ahead, Naleni identifies several trends shaping the future of the financial services industry, including the continued rise of investment in alternative strategies, the focus on sustainable investing, and the need for greater inclusion of women in leadership positions. At Enko Capital, she is committed to building a diverse and representative business that aligns with global initiatives like Gender 2X.
Naleni’s goals for Enko Capital in South Africa include growing the business across alternatives capabilities and demystifying the African investment case. “I aim to encourage Africans to invest money into their own continent,” she explains. Her role provides a platform to showcase the unique value proposition and impact available through Enko Capital.
A Harmonious Approach Work-Life Balance
Balancing professional responsibilities with personal life is a challenge Naleni navigates with grace. She believes in the right to financial freedom and independence for every individual. “My spouse and I are raising our children to treat each other fairly and with respect regardless of gender,” she explains. Family time is precious, and she ensures that her children know they are a priority while also understanding that she has goals and ambitions of her own. All for the benefit of the family unit as she aims to take others with her on the journey.
There are a few non-negotiables in her household, such as never missing a competition, school play, or sports day where her children are participating. “Family time is precious! I ensure that I give 100% attention at home like I would in the work environment,” she emphasizes. This balance allows her to navigate life in a fast-paced world with flexibility and openness to change.
Advice for Aspiring Business Leaders: Lessons from Naleni Govender
Naleni offers valuable advice to aspiring business leaders in the financial services industry. “Take others with you as you progress to the top and recognize yourself and your journey in others,” she advises. Demonstrating compassion and empathy in leadership roles is crucial for securing success.
“Be your authentic self, it really is OK to be different!” Naleni exclaims. Embracing diversity and accepting change are essential for personal and professional growth.
“A leader knows the way, goes the way, and shows the way”
Conclusion
Naleni Govender’s journey is a powerful example of how dedication, resilience, and visionary leadership can drive success in the financial services industry. Her commitment to empowering future generations, embracing diversity, and aligning business goals with purpose and impact sets her apart as one of Africa’s most empowering business leaders to follow in 2025. As she continues to lead Enko Capital South Africa, her story will undoubtedly inspire many aspiring leaders to pursue their own paths with passion and integrity.
