DBSA announces management changes

Johannesburg – The Development Bank of Southern Africa (DBSA) has appointed Boitumelo Mosako as its new chief financial officer.

The bank on Monday announced additions to its executive management and a change in its operating model.

Mosako took over from Kameshni Naidoo, who left when the new operating model was implemented. Mosako’s appointment is effective from April 1.

• READ: DBSA committed to renewable energy projects

Mosako has over 12 years of experience in financial services and has served as the CFO of the South African Bureau of Standards.

The DBSA said it has tabled a growth strategy to respond to "changing client needs, increasing demands to grow developmental impact, persistently difficult economic conditions and an increasing competitive environment".

“The new operating model incorporates three front-line divisions – Coverage, Transacting and Project Preparation,” said the DBSA.

The change in management includes Paul Currie as chief investment officer; Mohan Vivekanandan as group executive: client coverage; Mohale Rakgate as group executive: project preparation; Mpho Kubelo as chief risk officer; Zodwa Mbele as group executive: transacting; and Ernest Dietrich as group executive: treasury and balance sheet management.