About OLBOS Capital

Nearly 30 years of risk management, now working for you.

OLBOS Capital was founded in 2023, as Wealth Max, by Martin Botha, Chief Risk Officer at Kleinwort Benson, Saudi Arabia's Public Investment Fund and Pemberton. Authorised by the FCA on 3 March 2026, the firm brings institutional investment discipline to private clients, companies and institutions.

Martin Botha, Founder and Chief Executive of OLBOS Capital
Chief Risk Officer2015 – 2023
Kleinwort Benson
Public Investment Fund
Pemberton
CFA · PRM · IMC
Masters in Economics
Kleinwort Benson · PIF · Pemberton◆CFA · PRM · IMC◆Masters in Economics◆FCA authorised 3 March 2026◆Kleinwort Benson · PIF · Pemberton◆CFA · PRM · IMC◆Masters in Economics◆FCA authorised 3 March 2026◆
Career

A career built in risk, then OLBOS Capital.

1997 – 2015

Early career, South Africa and London

Risk roles at ABSA, Nedcor and Old Mutual Asset Management, then Algorithmics. Head of Risk at Gulf International Bank through the financial crisis; IBM Risk Analytics and McGraw Hill Financial.

2015 – 2016

Chief Risk Officer, Kleinwort Benson

Bank and wealth management. Chaired the Risk and Compliance Committee and co-chaired the Asset and Liability Committee with the CFO.

2016 – 2020

Inaugural Chief Risk Officer, Public Investment Fund

Built the risk division of Saudi Arabia's sovereign wealth fund from inception and led the Investment Committee on asset allocation.

2020 – 2023

Group Chief Risk Officer and board member, Pemberton

Board member in Luxembourg. Chaired the Risk and Compliance Committee and led the replacement of the core asset management system.

2023

Founded Wealth Max, now OLBOS Capital

Built its four investment systems himself: Investment Shortlist, Value Research, Portfolios and Performance.

3 March 2026

Authorised by the FCA

Advising private clients, companies and institutions.

Credentials

Boards, committees and the systems behind them.

01

Boards

Director of OLBOS Capital Limited, and board member of Pemberton Asset Management S.A. in Luxembourg, approved by the CSSF. Attended the Board Investment and Board Risk Committees at PIF, and the Board Strategic Risk and Board Audit Committees at Kleinwort Benson.

02

Investment and risk committees

Led the Investment Committee on asset allocation at PIF. Chaired the Risk and Compliance Committee at Pemberton and at Kleinwort Benson, and co-chaired Kleinwort Benson's Asset and Liability Committee with the CFO. Member of Pemberton's Investment and Management Committees.

03

Qualifications

CFA Charterholder, Professional Risk Manager (PRM) and Investment Management Certificate (IMC). Master of Commerce in Economics and Risk Management, and Bachelor of Commerce in Economics and Information Systems, North-West University.

04

Technology

Senior roles at Algorithmics, IBM Risk Analytics (Head of Portfolio Construction and Risk Management) and McGraw Hill Financial (Senior Director, Financial Engineering). Led the replacement of Pemberton's core asset management system with a platform built in-house, and built OLBOS Capital's four investment systems himself.

Regulatory approvals
FCA: SMF3, SMF16 and SMF17 (IRN MXB02409)
PRA: SMF4 Chief Risk Function
CSSF: board member and risk conducting officer
FSA: CF28 Systems and Controls
DFSA
Publications
“Mean reversion of rates and prices in the SA market”, Studies in Economics and Econometrics
“The Silence of the Lambdas”, Risk special report
Why OLBOS Capital

Built from conviction, grounded in experience.

For nearly 30 years I managed risk for banks, asset managers and a sovereign wealth fund, sitting on the boards and committees that decide where money goes. I founded the firm in 2023 to bring that same discipline to people and organisations that rarely see it.

Conversations with Omer Devaja, a surgeon and now a director of the firm, showed how poorly many doctors are served: high earners with complex tax affairs, irregular income and little time, usually advised by generalists. The firm started there and now advises private clients, companies and institutions.

We invest directly, in shares and ETFs held in your own name, and every holding is checked by systems I built for the purpose.

“

The goal is to democratise knowledge — making institutional-quality advice accessible to those who deserve it, not just the privileged few.

Martin Botha, Founder and Chief Executive
Leadership

Leadership and governance.

OLBOS Capital is authorised and regulated by the Financial Conduct Authority (FRN 1031752). Client investments are held in segregated accounts at Interactive Brokers, AJ Bell or Swissquote, and the board includes an independent non-executive director.

Martin Botha

Martin Botha

Founder and Chief Executive
CFA · PRM · IMC · Masters in Economics

Chief Risk Officer at Kleinwort Benson, Saudi Arabia's Public Investment Fund and Pemberton. IRN MXB02409.

Professor Omer Devaja

Prof. Omer Devaja

Director
MD · MSc · PhD · MRCOG

Professor of Surgery at Maidstone and Tunbridge Wells NHS Trust.

Jacques van der Merwe

Jacques van der Merwe

Independent Non-Executive Director
CA(SA) · CFA

Partner and Senior Portfolio Manager at Clearance Capital LLP, the real estate securities manager he co-founded in 2008. Previously at RMB International in risk management for the proprietary equity portfolios and in real estate capital markets, having joined from Ernst & Young in London. Brings external challenge to the board.

Firm details

Firm nameOLBOS Capital Limited
FCA reference1031752
Authorised3 March 2026
Companies HouseNo. 15906718
Registered addressLawton Place, Benover Road, Yalding, ME18 6AU
FCA oversightEarly and High Growth Oversight programme

Your protection

FCA Consumer Duty

We are legally obliged to act in your best interests, deliver fair value, and avoid foreseeable harm at every step of the client relationship.

Complaints and redress

If you are ever dissatisfied, our complaints process is clear and prompt. Unresolved complaints may be escalated to the Financial Ombudsman Service (FOS) at no cost to you.

Compliance framework

Comprehensive policies covering suitability, AML/KYC, conflicts of interest, vulnerable clients, data protection, and business continuity.

get started

The first conversation is always free.

Thirty minutes on Teams or by phone, any day with 24 hours' notice. We will tell you honestly whether OLBOS Capital is the right fit.

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