HABIB OVERSEAS BANK - Key Persons
Job Titles:
- General Counsel
- General Counsel and Head of the Legal Services Department at the SARB
Chris J van der Walt was appointed as General Counsel and Head of the Legal Services Department at the SARB on 2 December 2019. He has headed the department since 1 October 2014. In 2012, he joined the SARB as Deputy General Counsel.
Chris's experience includes roles as a lecturer, state prosecutor, state advocate and legal adviser, and general counsel to the Absa Group.
He is an admitted attorney of the High Court of South Africa and a past Board member of the Corporate Lawyers Association of South Africa, which is now known as the Corporate Counsel Association of South Africa. He is a member of the Institute of Directors in Southern Africa.
He holds a British Law Centre degree, a Bachelor of Laws degree and a Master of Laws degree, for all of which he received cum laude.
Chris serves on a number of SARB committees, including the Risk Management Committee, and on steering committees of a number of Tier 1 projects. He serves ex officio on the Governors' Executive Committee. He is a member of the SARB's Board of Directors.
Job Titles:
- Deputy Governor
- Deputy Governor of the SARB
Dr Rashad Cassim is a deputy governor of the SARB and a member of the Monetary Policy Committee. He oversees the Financial Markets and International Cluster, responsible for financial markets, international economic relations and policy, and legal services.
Before the rotation of the deputy governors on 1 April 2022, he oversaw the Financial Stability and Currency Cluster. He also served as Chairperson of the Irving Fischer Committee on Central Bank Statistics within the Bank for International Settlements.
Prior to joining the SARB, Dr Cassim served as the Deputy Director-General for economic statistics at Statistics South Africa, which included responsibility for the production of inflation and gross domestic product statistics. Before that, he was a professor and Head of the School of Economics and Business Sciences at the University of the Witwatersrand. Dr Cassim has also held various research and academic positions at the University of Cape Town (UCT). He holds a Master's degree in Economic History and a Doctor of Philosophy degree in Economics from UCT.
Job Titles:
- Acting Head: Financial Surveillance Department
Job Titles:
- Head of the Financial Conglomerate Supervision Department
- Head: Financial Conglomerate Supervision Department
Denzel Bostander is currently the Head of the Financial Conglomerate Supervision Department in the PA. This department is tasked with supervising both the largest and systemically significant banks and insurers in South Africa. Prior to this position, he was a Deputy Registrar of Banks.
Job Titles:
- Governor
- Member of the Board of Directors
Faizel Jeena has 25 years of experience in banking and finance, with exposure to supervision and regulation, data management, investment banking as well as commercial and retail asset finance.
He is the Head of the Risk Support Department in the PA. This department provides regulatory and supervisory support as well as technical expertise on all prudential risk types for banks, insurers and market infrastructures. In addition, it provides quantitative analysis, actuarial analysis and financial institution statistics for the PA.
Faizel has represented the SARB at a number of Basel Committee on Banking Supervision working groups. He is a registered chartered accountant.
Job Titles:
- Member of the Board of Directors
- Deputy Governor
- Deputy Governor of the SARB
Mr Kuben Naidoo is a deputy governor of the SARB and a member of the Monetary Policy Committee. He oversees the Financial Stability and Currency Cluster, which incorporates the SARB's Economic Statistics Department, the National Payment System Department, the Fintech Unit, the Financial Stability Department, and the Risk Management and Compliance Department. He will also oversee the newly established Corporation for Deposit Insurance (CoDI).
Before the rotation of the deputy governors on 1 April 2022, Mr Naidoo oversaw the Prudential Cluster, and was the first Chief Executive Officer of the Prudential Authority upon its inception. Prior to his appointment as a deputy governor, he served as Adviser to the Governor of the SARB and as the Registrar of Banks.
Mr Naidoo is an activist and a public servant committed to achieving a socially just society. Before joining the SARB, Mr Naidoo was the Acting Head of the Secretariat for the National Planning Commission between 2010 and 2013. He also worked at National Treasury, where his responsibilities included education finance, public sector personnel policy, intergovernmental fiscal relations, capital budgeting, budget reform and fiscal policy. He spent two years at the Treasury of the United Kingdom where he worked on capital budgets and biannual spending reviews.
Mr Naidoo holds a Bachelor of Science degree and a Postgraduate Diploma in Public Management from the University of the Witwatersrand as well as a Master of Business Administration from the University of Birmingham in the United Kingdom.
Job Titles:
- Head
- HOD: Banking and Insurance
- Member of the Governance Working Group of the International Association of Insurance Supervisors
Head: Banking, Insurance and FMI Supervision Department
Mr Kerwin Martin is the HOD for Banking and Insurance Supervision. He started his regulatory and supervisory career in the Insurance Prudential Department at the Financial Services Board in 2001. In 2011 he was appointed as the head of that department, responsible for the prudential supervision of small- to medium-sized insurers and reinsurers. As part of the establishment of the Twin Peaks regulatory model, Kerwin transferred to the Prudential Authority in 2018. He has served as Divisional Head of the Financial Conglomerate Supervision Department, responsible for the prudential supervision of two large South African insurance groups and for a domestic systemically important entity.
Kerwin has served as a member of the Governance Working Group of the International Association of Insurance Supervisors (IAIS) since 2014 and participated in the formulation of Insurance Core Principles on Corporate Governance as well as governance issue papers and application papers. He currently leads the exploratory work on remuneration and compensation for the IAIS Governance Working Group.
Job Titles:
- Chief Operating Officer
- Group Executive
Mr Mogam Pillay is the Group Executive: Currency Cluster at the SARB . He is responsible for the SARB's currency management and security functions. The role includes oversight of, and responsibility for, the two currency-producing subsidiaries of the SARB, namely the South African Bank Note Company and the South African Mint Company. He is the Chairperson of the boards of the two subsidiaries and of Prestige Bullion, a joint venture between the South African Mint and Rand Refinery.
Before this appointment as Group Executive: Currency Cluster, he was the Chief Operating Officer of the SARB, responsible for the Human Capital and Operations Cluster. Mr Pillay held various senior positions before joining the SARB, including Chief Financial Officer at Old Mutual Africa and Finance Director at Old Mutual Service Technology and Administration. He also held executive positions at SABMiller and Unilever.
Mr Pillay holds BAcc and BCompt (Honours) degrees, a Postgraduate Diploma in Business Management and a Master of Business Administration (MBA) degree. He is also a Fellow of the Chartered Institute of Management Accountants in the United Kingdom.
Job Titles:
- Chief Operating Officer
- Group Executive
- Chief Operating Officer ( COO ) of the South African Reserve Bank
Mr Pradeep Maharaj is the Chief Operating Officer (COO) of the South African Reserve Bank (SARB), responsible for the support services cluster of the SARB which includes the Human Capital and Operations clusters.
For two and a half years, Pradeep acted as the COO of the SARB, and was responsible for the human resources, financial, business solutions and technology as well as facilities management functions.
Job Titles:
- Divisional Head
- SARB 's Chartered Accountant Training Officer
Bonisile Ntutela is a Divisional Head within the Policy, Statistics and Industry Support Department in the PA.
Bonisile is currently the SARB's Chartered Accountant Training Officer and oversees the execution of the training programme in line with he training regulations of the South African Institute of Chartered Accountants.
Job Titles:
- CEO of the Prudential Authority
- Deputy Governor and CEO
- SARB in 2018 As Adviser
Ms Tshazibana joined the SARB in 2018 as Adviser to the Governor and was appointed as a deputy governor in 2019 by the President. She is an economist with extensive experience in public policy formulation and analysis, having worked at multiple local and international institutions, including National Treasury, the National Energy Regulator of South Africa (NERSA) and the International Monetary Fund (IMF).
Job Titles:
- CEO
- Deputy Governor and CEO
- Deputy Governor and CEO of the Prudential Authority
Job Titles:
- Chief Director in the Financial Sector Policy Division of the National Treasury
- Financial Sector Development Unit As a Director for Financial Inclusion
- Head: Policy, Statistics and Industry Support Department
Between 2001 to 2005, Ms Matshane was in the Tax Policy unit where she dealt with indirect taxes, economic analysis of tax instruments such as Personal Income Tax, Corporate Income Tax, SMME taxation, taxation of savings, tax incentives etc.
In 2006, still within the National Treasury, Ms Matshane joined the Financial Sector Development Unit as a Director for Financial Inclusion where she was responsible for all issues related to access to financial services, including the implementation of the Co-operative Banks Act. This is after playing a pivotal role in the drafting of the Co‑operative Banks Act as well as a discussion paper on the prudential regulation of co-operative banks.
Between 2012 and 2018, Ms Matshane was the Managing Director of the Co-operative Banks Development Agency (CBDA) responsible for the day-to-day running of the CBDA, implementing the strategic objectives of the organisation and overseeing the corporate services, prudential supervision, capacity building and central support services units.
2018, Ms Matshane was appointed Chief Director in the Financial Sector Policy Division of the National Treasury responsible for: Financial Inclusion, Market Conduct as well as Consumer Financial Education cross cutting the following areas - Payments, Retail Credit, Insurance, Banking, Financial Sector Ombuds, Fintech, Retirement Funds, Collective Investment Schemes and Medical Schemes.
Head: Banking, Insurance and FMI Supervision Department