Tito Mboweni joins Goldman Sachs

Tito Mboweni, former South African Reserve Bank (SARB) governor, will join Goldman Sachs as an international adviser from June, his third high-profile appointment since leaving the central bank in November.

Mboweni (51), who was head of the SARB for a decade, has been appointed chairperson of mining group AngloGold Ashanti and packaging firm Nampak.

The United States-based investment bank said his experience and knowledge of the political and financial environment would compliment its business capabilities in the region.

“In this capacity, he will provide strategic advice to the firm on business development opportunities, with a particular focus on South Africa and sub-Saharan Africa,” Goldman Sachs MD for South Africa Colin Coleman said.

Mboweni, a former Cabinet minister, left the central bank in November last year after a decade as governor but could not work elsewhere during a six-month “cooling-off” period, which ends in May.—Reuters