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BILETS – Management Appointments
Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
(JSE Code: “BILETS”)
(“Letshego Holdings” or “the Company” or “the issuer”)
This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme.
NOTICE TO ALL STAKEHOLDERS - LETSHEGO HOLDINGS LIMITED – MANAGEMENT APPOINTMENTS
The Board is pleased to announce to Shareholders the following executive
appointments.
Aupa Monyatsi appointed Group Chief Operating Officer (Group COO)
Aupa is a well-rounded and experienced banker, having worked in regional
financial services sectors for 17 years. Aupa joins Letshego from his role at
Absa Barclays Group, where he has been responsible for leading the team that
spearheads and develops the regional bank’s digital innovation and virtual
channels. Aupa’s responsibilities expanded across 12 markets in sub Saharan
Africa. He spent two years traveling between Ghana, Senegal and Nigeria
incubating select fintech’s to drive financial inclusion through mobile money,
using block chain. Furthering Aupa’s passion and expertise in fintech
development, he spent time in Silicon Valley (USA) and Spain to benchmark global
trends in innovation. Prior to this, Aupa held leadership positions in Barclays
Botswana, including Chief Operating Officer and Head of Distribution Channels,
with his last role being Acting Managing Director Botswana, before transferring
to his group responsibilities at Absa’s regional head office in South Africa.
Aupa commenced his career auditing for PWC in Botswana. Aupa graduated with a
Bachelor of Accountancy from the University of Botswana in 2003, participating in
numerous specialised executive development programmes thereafter, including
courses from Duke University in the (UK).
Gwen Muteiwa appointed Group Chief Financial Officer (Group CFO)
Gwen brings 20 years of experience in banking, joining Letshego from the role of
Group Chief Financial Officer at ABC Holdings Ltd (BancABC, part of Atlas Mara),
where she was responsible for the finance function in six operations in Southern
and East African markets. She spent a total of 12 years at ABC Holdings in roles
including the Chief Financial Officer for Zimbabwe, incorporating retail and
wholesale banking, asset management and micro- lending subsidiaries, as well as a
role of Group Head of Finance Transformation. In her transformation role she led
the implementation of a financial controls framework, standardisation of
financial control systems and processes across the Group. Prior to this, Gwen
spent several years in the Zimbabwe banking sector, including three years as
Managing Director for a local merchant bank, where she was responsible for
strategy implementation, customer acquisition and growth, as well as a stint in
corporate advisory. Gwen completed her Bachelor of Commerce (B(Comm)
Accounting) at Rhodes University, South Africa. She holds a Certificate of the
Theory in Accounting (CTA) and Honours in Accounting Science, both from the
University of South Africa (UNISA). She attained a qualification aimed at
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strengthening leadership in banking, entitled ‘Management of Banks and Financial
Institutes’ from Galilee College in Israel, and completed the Executive
Leadership Development Programme from Stellenbosch University. Gwen completed an
MBA with Steinbeis University (Berlin, Germany) and is a member of the Institute
of Chartered Accountants Zimbabwe (ICAZ) and the Botswana Institute of Chartered
Accountants (BICA).
Bella Dihutso appointed Group Credit Risk Officer
Bella is an example of how Letshego is successfully developing its talent for
leadership positions. Bella has played a significant role in the Group’s credit
and risk framework for the last 4 years. Over the last 10 months, Bella has held
the Group Credit Risk Officer role in an acting capacity, a natural step up from
her previous responsibility as Letshego’s Group Credit Risk Models, Impairments &
Analytics Manager. Soon after joining Letshego, Bella successfully implemented
IFRS9 across all 11 subsidiaries, as well as introducing and implementing
automated credit reporting across the Group. Before joining Letshego in 2016,
Bella was the Head of Impairments, Models & Analytics at Barclays Botswana,
having been promoted from the Consumer Risk team, where she was responsible for
MI (Management Information) Analytics. Bella has a BIS Computer Information
Systems from the University of Botswana, a SAS (Statistical Analysis System)
Programming 1 and 2, and well as completing Stellenbosch University’s Management
Development Programme.
Andrew Okai, Letshego’s Group Chief Executive, confirmed, “We are delighted to
have secured a differentiated set of expertise to bolster our executive
leadership team, and welcome Gwen, Aupa and Bella to Letshego’s top team. I look
forward to our expanded leadership team achieving a marked contribution to our
future strategy, directly influencing our value proposition and the enhanced
experience we can create for our customers. I am confident we have the
ingredients to create a future-ready organisation, cementing the Letshego brand
as a world-class retail financial services organisation.”
For and on behalf of the Board
E Banda
Group Chairman
GABORONE,
28 February 2020
Debt sponsor in South Africa
Kea Sape: 0117215594 or kea.sape@standardbank.co.za
The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division
Date: 28-02-2020 04:30:00
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