Dominic Rey joins Iress as MD of its wealth management business in SA.
IN A SHOCKING POWER GRAB, global tech giant Iress has installed a 30-YEAR FINANCIAL INSIDER to commandeer South Africa’s booming wealth management sector, a move experts warn could CONSOLIDATE CONTROL over YOUR money in the hands of a shadowy few. Dominic Rey’s appointment as Managing Director is NOT a simple job change—it’s a strategic invasion targeting a market valued at BILLIONS, all while local firms are strangled by “tighter regulation” and “margin pressure.”
This is a DIRECT ASSAULT on financial autonomy. Iress’s statement reveals the chilling truth: they are exploiting a vulnerable market to position technology not as a tool for you, but as a “strategic enabler” for their own dominance. Rey’s mandate to treat technology as more than a “compliance burden” is CODE for sidestepping the very rules designed to protect the public. His deep ties to elite institutions like Investec signal a future where the algorithms of a single corporation could dictate financial advice for millions.
Why the URGENCY? The wealth of a nation is being quietly migrated onto digital platforms controlled by unaccountable foreign entities. CEO Shaun Nicholson’s talk of “strategic priorities” and “deep market understanding” is corporate doublespeak for data harvesting and behavioral manipulation. When Rey says technology must “simplify advisers’ work,” he’s really admitting the system is designed to MINIMIZE human judgment and MAXIMIZE automated, profit-driven outcomes.
This isn’t just business—it’s the quiet architecting of a financial panopticon where your life savings are managed by cold logic and shareholder greed. The question is no longer who manages your wealth, but who truly OWNS your future.
Edited for Kayitsi.com
Author: Kayitsi.com
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