FNB Namibia restructures executive team

FNB Namibia has announced a closer to-market restructuring of its executive team.

This restructure sees Nangula Kauluma take up the title of CEO: FNB Retail Banking and Sepo Haihambo, that of CEO: FNB Commercial Banking.

According to FNB Namibia, this development is a first for the Namibian market and is aligned to the trend in banking globally.

“We're excited about the focused potential of this change for customers and clients. The new flat structure makes us all more easily accessible to customers and recognises individual expertise,” said FirstRand Namibia Group CEO Conrad Dempsey.

Experience

Kauluma is a seasoned financial services executive, with extensive experience in banking, life insurance and short-term insurance delivered in various roles across Africa. She awarded Namibian Businesswoman of the Year 2017-2019. Nangula holds an MBA from Stellenbosch University and has a board director certification through Duke University CE.

Haihambo has substantial experience within financial services and investment banking. Nominated into the top 10 of the Strategic African Women in Leadership (SAWIL) Awards in 2022, she is a Harvard Business School alumnus and holds a Master of Science (MSc) in financial management from SOAS University of London.

FirstRand Namibia comprises FNB, RMB, Ashburton, PointBreak and FNB Insurance countrywide.

The group is listed on the Local Index of the Namibian Stock Exchange (NSX). It closed at N$49.00 per share on Thursday.