Arise Media release:
Arise is pleased to announce the appointment of Mr Nhlanhla Nene to the Arise Supervisory Board. Mr Nene will assume the position of Chairman as from 1 June 2017.
“We are excited to have someone of Mr Nene’s calibre on our board, and are grateful that he chose to accept the appointment” said Arise CEO, Deepak Malik. The main objective of establishing Arise was to strengthen and develop effective, inclusive financial systems in Africa in order to contribute to economic growth and poverty reduction. “Mr Nene’s extensive financial experience and background in the public and private investment sector will be invaluable in helping Arise to successfully deliver on its mandate of building strong and stable financial institutions on the continent”, said Malik.
Mr Nene served in local government from 1996, became a member of Parliament in 1999 and was appointed as the Chairman of the Portfolio Committee on Finance in 2004. From 2008 – 2014 he served as the Deputy Minister of Finance and Chairman of the Public Investment Corporation. In 2014 he was appointed as the Minister of Finance. In addition to being a non-executive director on the board of Allan Gray, Mr Nene is currently the Resident Advisor for the Thebe Investment Corporation. He also holds a BCom (Hons) from the University of the Western Cape and other certificates in economics and public finance.
“It gives me great pleasure to serve on the Arise board and be part of their business journey. With the support of its shareholders, Norfund, Rabobank and FMO, Arise is uniquely placed to advance the financial services sector on the African continent and I look forward to contributing to their success”, said Mr Nene.
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“We are looking forward to Mr Nene’s strategic contribution to the board and we trust that this role will enable him to make the contribution that we believe he is capable of making, whilst at the same time advancing his own professional aspirations”, concluded Malik.
