Graham Smale

I am the Director of Market Development & Innovation and Director of Bonds & Financial Derivatives at Johannesburg Stock Exchange. I have 27 years of experience in the financial markets, in a variety of capacities with special emphasis on the trading, structuring, and risk management of bonds, convertibles, interest rate products, and derivatives.

Prior to working at JSE, I was a founding shareholder of Decillion Limited, a niche financial services company listed on the JSE. The firm was founded in 1996 and specialized in the proprietary trading of fixed income products and derivatives as well as managing a suite of hedge funds. After, I formed Gordian Risk Advisors, a risk strategy and consulting firm, and I consulted to the Bond Exchange of South Africa in various roles, latterly on the creation of a remote class of membership of the exchange and the establishment of an interest rate futures and options market.

I hold a Bachelor’s degree in Chemical Engineering from the University of Natal and have a Master in Finance from the University of Cape Town. In my free time, I enjoy wine-tasting, food, fly-fishing and tying, squash, technology, innovation and business strategy, and audiobooks.