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S.Africa’s head Mboweni joins Goldman Sachs

By on April 26, 2010

Tito Mboweni, South Africa’s former Reserve Bank Governor, will join Goldman Sachs as an international advisor 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 chairman of mining group AngloGold Ashanti and packaging firm Nampak.

The U.S.-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.


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