First National Bank of Botswana Limited (FNBB) on Friday announced the appointment of Lorato Edith Boakgomo-Ntakhwana to the position of Chief Executive Officer of the Bank with effect from tomorrow (Monday).
According to the bank, Boakgomo-Ntakhwana will be the first Motswana woman to hold this prestigious position and brings with her a wealth of banking experience.
She has worked for the Bank of Botswana (BoB) and the South African Reserve Bank for a combined period of 17 years prior to joining the FirstRand Group in November 2004.
In the FirstRand group, she held the position of Deputy Group Treasurer, Head of International banks relations and Head of Africa Operations for a period of four years in Rand Merchant Bank, a sister Investment Bank, after which she assumed responsibility of a newly formed Division, Balance Sheet Management-Africa in FirstRand, which is responsible for the Capital Management, Credit Management and Asset and Liabilities Management of the Africa Subsidiaries.
She holds a Masters in Business Administration with Majors in Finance and Accounting from the Loyola College in the United States of America and a Bachelor of Commerce with Majors in Accounting and Management from the University of Botswana.
Her professional qualifications include a Certificate for Traders from the South African Institute of Financial Markets and a Certificate in Treasury Management from the University of South Africa. She has also attended a Senior Executives Programme by the Wits/Harvard partnership.
“Her leadership track record assures the Bank of a continuation of a solid execution and commitment to our customers through delivery of innovative products and delivery of exceptional customer service,” the bank stated.
Her role will provide a strategic direction and leadership focus for the Bank and she will be fully accountable to the board, shareholders and the major stakeholders on the performance of the business, added the bank.
Boakgomo-Ntakhwana replaces Danny Zandamela who left FNBB and joined FNB Corporate Banking, based in Johannesburg, South Africa.