Africa-Press – South-Africa. SA Reserve Bank (SARB) governor Lesetja Kganyago has appointed his deputy, Fundi Tshazibana, as CEO of the central bank’s financial institution regulator, the Prudential Authority.
Tshazibana previously worked for National Treasury, the National Energy Regulator of SA and the IMF before joining the SARB. She is also a part of the bank’s Monetary Policy Committee.
Her appointment formed part of a “rotation” of three deputy governors into different portfolios, with effect from 1 April. Deputy governor and current Prudential Authority CEO Kuben Naidoo will take over the Financial Stability and Currency Cluster from fellow deputy governor Rashad Cassim.
“This is being done in line with global best management practice, with the aim of developing a pipeline of well-rounded central bankers who are exposed to all the areas of the SARB’s work, given its pivotal place in the economy,” the central bank said.
Naidoo will oversee the SARB’s Economic Statistics Department, the National Payment System Department, including the Fintech Unit, the Financial Stability Department, and the Risk Management and Compliance Department, and the newly established Corporation for Deposit Insurance.
Cassim will oversee the Financial Markets and International Cluster responsible for financial markets, international economic relations and policy, and legal services.
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