Profiles of South Africans for BRICS Bank: Mboweni & Maasdorp

Ujuh Reporter

South Africa is pushing two high profile candidates into the top leadership layer of the BRICS New Development Bank (NDB).

These two are Tito Mboweni who has been appointed as the Non-Executive Director to the Board of the BRICS New Development Bank and Lesley Maasdorp who has been nominated to become one of four Vice Presidents of the BRICS New Development Bank (NDB). Here follows brief profiles of the two candidates.

Tito Mboweni

Following a high profile role within the anti-apartheid movement and mainly the ANC, Mboweni (59) became the minister of labour in the Nelson Mandela led government of 1994 –1999. In 1990 he was redeployed to become the South African Reserve Bank governor, a position he held for 10 years. He left the Reserve Bank in 2009 for the private sector where he assumed high profiled directorships while carving an investment holdings path. He has held the chairmanship of AngloGold Ashanti amongst other directorships. Mboweni first earned a Bachelor of Commerce Degree at the University of the North (now University of Limpopo) before going into exile. While in exile he studied a Masters degree in Development Economics at the University of East Anglia in the United Kingdom. He served with Maasdorp in the ANC economic desk in the pre 1994 era.

Lesley Maasdorp

When the World Economic Forum named Maasdorp as as a Young Global Leader in 2007, he was already a matured leader. This is after serving the ANC’s economic desk in the pre 1994 era and then graduating into public service. He served as a special advisor to the minister of labour, Tito Mboweni. He then moved to become deputy director in the department of public enterprises where he oversaw major state assets restructuring and privatisatuion of the time. Maasdorp broke into the top business league in the mid 2000s with positions at different intervals that included; President of Bank of America Merrill Lynch for Southern Africa, Vice Chairman of Barclays Capital and Absa Capital and International Adviser to Goldman Sachs. He was appointed CEO of JSE listed private education firm, Advtech, but held that position only for four months. He currently serves in the boards of HCI and Telkom. Maasdorp studied a Bachelor of Arts, Economics and Psychology, at the University of the Western Cape in the mid 1980s. He then proceeded to Masters degree in Economics at the School of Oriental and African Studies, University of London.

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