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International Executive Development Programme INTERNATIONAL EXECUTIVE DEVELOPMENT PROGRAMME 2015 IEDP INVESTMENT BANKING Enabling Skills Development In The Banking And Microfinance Sector BANKSETA INTERNATIONAL EXECUTIVE DEVELOPMENT PROGRAMME (IEDP): INVESTMENT BANKING 2015 (USA AND GHANA) The International Executive Development Programme (IEDP) Investment Banking 2015 is one of BANKSETA’s flagship development programmes. It is designed to assist with accelerating the development of senior managers in the banking and microfinance sector. This eight month programme is facilitated by the Gordon Institute of Business Science (GIBS), Ghana Institute of Management and Public Administration (GIMPA) in Accra, Ghana and the NYU Stern Business School, New York University, USA. The programme commences with a one week preparation period at GIBS, in March/April. The delegates then travel to New York in June and thereafter depart for Ghana in October 2015 for their one week African experience in Accra. This will provide key insights into the changes taking place in the global and local environment. The delegates will be exposed to best practice in investment banking and broader financial services whilst sharing their South African experience with executives. The delegates are tasked with researching industry relevant topics that add value to the sector. They will present their research to a panel, drawn from senior executives of South African banks. The benefits of the IEDP include personal and professional growth through engagements with executives; exposure to top local and international business schools; being ambassadors for South Africa in a variety of social settings; and living and working in an international city. BANKSETA proudly presents the 2015 delegates! IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME ALAN JOFFE Current Title: Head of Portfolio Management _________________________ Institution: PERSONAL INFORMATION: FirstRand Bank Limited Alan is married and has three children, with whom he spends the majority of his spare time. Alan enthuses over all sports, which he enjoys watching with his family and friends, with regular visits to live events. Alan enjoys playing five-a-side soccer with his colleagues as well as the occasional round of golf. While he supports all South African international teams, he is most passionate about Blue Bulls rugby. Any time left is spent being a handyman around the house. ACADEMIC CREDENTIALS: Alan holds a Bachelor of Science with Honours in the Advanced Mathematics of Finance (First Class) (University of the Witwatersrand), and a Bachelor of Economic Science (University of the Witwatersrand). Alan is a CFA chartholder and has been awarded the title of Financial Risk Manager by the Global Association of Risk Professionals. He also holds an International Capital Markets Qualification from the Securities Institute. CURRENT WORK DESCRIPTION: Alan is the Head of Portfolio Management within Group Treasury at FirstRand Bank. He is responsible for the net open interest rate, foreign exchange and funding position of the bank. In this role he leads a team of portfolio managers and portfolio analysts working together with a macro strategist and macro analyst to hedge the banks portfolios. Alan is also responsible for the hedging of the bank’s capital and endowment portfolios both within South Africa and abroad. He chairs the bank’s portfolio and liquidity meetings and is also a participant at the bank’s ALCO meetings. PERSONAL AND PROFESSIONAL LEARNING OBJECTIVES FROM IEDP: Alan is currently a member of the FirstRand Bank Group Treasury Stratco and, as such, is involved in discussion with senior individuals across the bank. This interaction requires strategic thinking across various portfolios. The IEDP will not only provide Alan with the tools to further enhance these skills, but will enable him and share experiences with other participants of the course in similar roles from both South Africa. This experience can only benefit Alan’s skill set. 3 IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME ANCLEY RANDALL JACOBS BONGEKA MBIKAZI NDAMASE Current Title: Head: Debt Investor Relations and Rating Agencies _________________________ Institution: PERSONAL INFORMATION: FirstRand Group Ancley enjoys his home life, which he shares with his wife and two children: a feisty and outspoken 2.5 year old daughter and a composed nine-month old son. He takes a keen interest in the current affairs of the country and reads about and researches the historical and present dynamics of South Africa and their influence and impact on the state of the nation. ACADEMIC CREDENTIALS: Ancley holds a Bachelor of Science degree in Financial Mathematics (Actuarial Sciences) from the University of Pretoria. He is a student member of the Actuarial Society of South Africa and is currently writing his professional actuarial board examinations. CURRENT WORK DESCRIPTION: Ancley is the Head of Debt Investor Relations and Rating Agencies under the Treasury function at FirstRand Group. In his role, he is responsible for the overall management of the group’s debt investor portfolio that spans South Africa, Europe, Asia and the Middle East. He also oversees the rating agency portfolio. Part of his responsibility is the articulation of the investment proposition of the bank. The success of his role relies heavily on the experience of previous roles that he has held in capital management, risk measurement and management, stress testing and strategy. PERSONAL AND PROFESSIONAL LEARNING OBJECTIVES FROM IEDP: Operating in an oligopolistic environment such as the South African banking environment often requires an innovative competitive advantage. Ancley hopes the interaction with industry experts, and business schools and exposure to best practices in other operating environments will grow his knowledge and further differentiate him in the South African banking industry. Coming from a predominantly technical background, he believes the IEDP will assist in harnessing his strategic abilities and in making him a well-rounded leader. 4 5 IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME BONGEKA MBIKAZI NDAMASE PERSONAL INFORMATION: Bongeka is passionate about people development and takes pride in Current Title: coaching and mentoring her team Head of Transaction members to achieve growth in their Mangement _________________________ careers. She is currently a mentor to two graduates within the Rand Merchant Institution: Rand Merchant Bank Bank Graduate programme and also mentors numerous individuals across the Bank on an informal basis. She is a high achiever whose current focus is building her career. She enjoys reading, running, hiking, and gardening and has recently taken up guitar lessons. She loves travelling and photography. To unwind, she appreciates a good wine or a session of boxing at the gym. ACADEMIC CREDENTIALS: Bongeka holds a Masters in Business Administration from the University of Pretoria, through the Gordon Institute of Business Science as well as a Bachelor of Science degree (Chemistry and Zoology) from the University of Transkei. CURRENT WORK DESCRIPTION: Bongeka is currently the Head of Transaction Management within the Investment Banking Division at Rand Merchant Bank. In her role, she directly manages four team leaders and indirectly manages 32 transaction managers who manage an asset book of approximately R35 billion. Her responsibilities include defining and driving strategy, values and culture of the team. She plays an active role in Investment Banking Division’s Exco where the strategy of the whole support function within the division is driven. Bongeka also plays an active role in Investment Banking Division’s Risk Committee, where the focus is on operational, credit, compliance and legal risk. She plays a big role in recruitment and talent management to ensure that the team is appropriately resourced and also drives employment equity compliance. PERSONAL AND PROFESSIONAL LEARNING OBJECTIVES FROM IEDP: Bongeka is currently in a senior leadership role in the Investment Banking Division and hopes to transition to more senior executive roles in the future, with the Chief Operating Officer role being the next step in her career. This programme will allow her to elevate her thinking and focus through interacting with industry peers in similar roles across other investment banks. She hopes to learn best of breed from these peers and bring fresh ideas and new ways of thinking to her department. Bongeka is excited about the opportunity of visiting international business schools and companies to learn trends in the investment banking industry and of drawing parallels to the South African context. The ability to network and build relations with other investment bankers has also a great opportunity. 4 5 IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME IEDP PROFILES 2015 BANKSETA INVESTMENT BANKING PROGRAMME KARMEL KISTASAMY Current Title: Regional Head: Africa, Banks _________________________ Institution: PERSONAL INFORMATION: Barclays Africa Karmel is passionate about training/ mentoring and citizenship. Drawing on many years of experience in the International Banking environment, Karmel has been able to provide mentoring and training to her junior team members and colleagues across Africa. Karmel is looking forward to meeting like minded individuals on the IEDP course and indentifying new CSI projects thereby ensuring that the Financial
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