meet our team


Wilhelm Hertzog

Analyst & Portfolio Manager

When Wilhelm’s father bought him a few shares in a company as a young boy, Wilhelm spent days trying to figure out the physical size of the piece of the business he owned. Wilhelm’s understanding of investments has come a long way since then, although he still finds certain market developments baffling.

Despite taking Latin and not accounting at school in order to study law, Wilhelm eventually qualified as a Chartered Accountant, and obtained the CFA charter.

He then spent twelve years working for and alongside some of the most renowned capital allocators in South Africa, first at PSG Group, and then at RECM. After gaining incredible experience – both intellectually and emotionally – Wilhelm joined like-minded partners to found Rozendal Partners.

Wilhelm has a very wide field of interests, and predictably enough spends very little time pursuing most of these. But his first loves are his family and allocating capital, and he manages to find ample time for those.


Paul Whitburn

Analyst & Portfolio Manager

Paul’s passion for investments began at St Stithians College when he spent vacations at a leading stock broking firm trying to pick the next ten-bagger – some things do not change.

Paul graduated with a BCom Accounting degree from Stellenbosch and then completed his BCom Honours degree in Finance and Portfolio Management (Cum Laude) from the University of Cape Town. He was a founding partner at BlueAlpha Investment Management managing long/short equity hedge funds and long only mandates.

Paul then attended an executive program in Value Investing at Columbia University in the U.S. and has followed this investment philosophy ever since. He then joined RECM as an analyst and finally as a portfolio manager, building further on his investment experience.

Paul enjoys traveling the world meeting companies and experts to uncover investment opportunities. He also enjoys spending time cycling and on family beach holidays. Rozendal Partners fulfils his life-long dream of building a great company with his partners.

Madeleine Kymdell

Madeleine Kymdell

Operations Manager

Madeleine has worked in administrative and financial planning roles in the financial services industry since 2010. She joined Rozendal Partners in 2018, shortly after moving to Cape Town, and manages all the operational aspects of the business.

Madeleine studied Commerce at the University of Pretoria, as well as the University of South Africa, graduating in 2015. She is currently studying towards her ACCA qualification (Association of Chartered Certified Accountants).

Madeleine’s varied interests include a passion for local travel, arts and culture. She spends her spare time pursuing creative interests and exploring nature with her beloved dogs.