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Sarel van Zyl appointed as Bankers Association Chair

Sarel van Zyl appointed as Bankers Association Chair

FirstRand Namibia Chief Executive Officer, Sarel van Zyl, has assumed the Chairmanship of the Bankers Association of Namibia, taking over from Standard Bank’s Vetumbuavi Mungunda.

Van Zyl will serve for a year in the position, having assumed the position on 1 April 2019. This position rotates annually among the Heads of the current commercial banks. As part of this annual rotation, Esther Kali from Letshego now takes on the position of Vice-President.

FNB Namibia will chair the various sub committees forming part of the Association’ structure which includes Credit, Treasury, Human Resource, Accounting & Tax, Compliance, Legal, IT, Operational, and Public Relations.

“On behalf of all the members of the Association, we thank Standard Bank and Mr. Mungunda for his professional and productive leadership as President of Association over the past year,” said van Zyl.

The Bankers Association of Namibia was established in 1997, in accordance with the Banking Institutions Act, as the representative trade association for the commercial banking sector in the country.


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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys