FNB appoints Capelao new CFO

FNB Namibia this week announced the appointment of Oscar Capelao as Chief Financial Officer at the Group. Capelao has been with FNB Namibia since July 2006 when he joined the bank as Treasury Finance Manager. He was promoted to Group Finance Manager in 2008 and now, a mere  four years later, to Chief Financial Officer.
About challenges in his new position he said: “It has become accepted best practice in leading companies that the CFO’s role is about more than extracting financial data and providing historical analysis. Instead, the function has been elevated to that of the business’s trusted strategic advisor and partner, assisting with strategic decision-making and ensuring sustainable growth of the business. My team and I at Financial Accounting Services look forward to continue being the valued supporting partner of our client facing business units to ensure that the Group executes its strategy successfully.”
Capelao is a Chartered Account registered with ICAN in Namibia and SAICA in South Africa, with a Bcom degree from UNISA and BCom Hons (Accounting) from University of KwaZulu-Natal. He is currently busy with an MBA at the Stellenbosch Business School.