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MTN beefs up team with another top banker

08 July 2016, 09:59Gareth van Zyl

Johannesburg - Africa’s biggest mobile network by subscribers, MTN [JSE:MTN], has hired another top banker to join its team amid a management shake-up.

MTN on Thursday evening announced the appointment Kholekile Ndamase as deputy head of mergers and acquisitions, effective September 10 2016.

Ndamese joins MTN from Rand Merchant Bank (RMB) where he led the equity financing business and focused on providing financing solutions for mergers and aquisitions.

Ndamese also occupied other management roles during his 12-year tenure at RMB. Prior to working at the First Rand Group, Ndamese worked at Accenture.

“Kholekile brings extensive experience to the role, particularly in transaction origination, structuring and execution. His knowledge and skills are essential to the attainment of MTN’s broader growth strategy, as we continue to focus our efforts on developing our participation in adjacent sectors,” said Phuthuma Nhleko, executive chairman for the MTN Group.

Earlier this week, MTN announced that it has hired former Barclays Africa Group’s head of investment banking, Stephen Van Coller, as vice president of strategy and mergers and acquisitions.

Meanwhile, the company also said that its chief financial officer Brett Goschen is leaving the company after 14 years’ service.

All these changes come before Rob Shuter, a South African national who is the current CEO of the European Cluster at Vodafone Group, is set to become MTN Group’s CEO in 2017.

- Fin24

Tags mtn banks

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