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4th International Conference on Financial Services (IFS)


The speakers for the conference are renowned industry specialists and leading minds within the Financial Services both nationally and internationally.

Nick Leeson

The collapse of Barings – personal bank to HM The Queen – in 1995 and Nick Leeson's role in it, remains one of the most spectacular debacles in modern financial history. How could one trader, only 25 years old, bring down the banking empire that had funded the Napoleonic Wars? Nick Leeson, the young gambler who found himself sucked into a terrifying spiral of loss was a working-class boy who lived out of his depth, high in an upper-class world, until his unchecked gambling caused the downfall of Barings Bank and caused chaos in the Singaporean money market.

Despite more audacious and larger scale incidents of rogue trading since the collapse of Barings in 1995, Nick Leeson remains the most infamous rogue trader and one of the world's most sought-after speakers within the financial sector. Curiosity, intrigue and sympathy have been the various reactions to this man's incredible life story. Following Barings' collapse, Nick Leeson was sentenced to six and half years in a gang-ridden Singaporean jail, in conditions that defy belief, while at the same time, his wife left him and he was diagnosed with colon cancer.

Against all odds, Nick Leeson survived and now fully recovered from cancer, lives happily in Ireland with second wife Leona and three children. Nick Leeson continues to be in-demand around the world for conference and after-dinner speaking. He speaks regularly to financial institutions, insurance companies, security and IT firms, universities and businesses around the world from every corporate sector. Following the worst global recession on record and in the aftermath of the AIB trading scandal in New York, together with the collapse of Enron and Worldcom, Nick Leeson provides a fascinating insight into the continuing failures of senior and middle management at large corporations who still fail to protect shareholders and customers.

Nick is also expertly placed to provide consultancy on risk management, corporate responsibility and compliance areas. More recent cases such as Allied Irish Bank, Societe Generale and UBS in 2011 simply highlight that loopholes haven't been closed. In a recent exclusive interview for the BBC, Nick commented "I think rogue trading is probably a daily occurrence amongst the financial markets. Not enough focus goes on those risk management areas, those compliance areas, those settlement areas, that can ultimately save them money."

Nick Leeson

Lesetja Kganyago - Deputy Governor of SA Reserve Bank

Lesetja Kganyago was appointed Deputy Governor of the South African Reserve Bank (SARB) with effect from 16 May 2011. 

His responsibilities include Financial Regulatory Reform; Banking Supervision; Financial Stability; Financial Surveillance, the SARB Research Department and SARB College.  He is the Chairperson of the Standing Committee on the Revision of the Banks Act and is a member of the Monetary Policy Committee (MPC) and the Financial Stability Committee. 

Lesetja is also Vice-Chair of the Financial Stability Board Standing Committee on Standard Implementation.

Prior to his appointment at the SARB, he was Director-General of the National Treasury (2004 – May 2011).Lesetja Kganyago’s responsibilities included producing a sound and sustainable national budget, managing government’s financial assets and liabilities, setting and implementing government accounting policies and standards, regulating and overseeing public sector procurement, developing appropriate fiscal policy, financial regulatory policy and financial management as required by government.  He represented South Africain international organisations such as the World Bank, the G20 and the African Development Bank.

To relax, Lesetja is fond of golf, hiking, reading and working out in the gym.

Lesetja Kganyago



Mike Finlay - Chief Executive at Risk Business

Mike has over 25 years experience in banking and finance, having started out pricing equity derivatives on the Johannesburg Stock Exchange. The majority of his career has focussed on risk, specifically in the middle- and back-office environment. He has been responsible for establishing new business departments in the derivatives area, restructuring international payments businesses, developing regulatory banking law and implementing risk management frameworks in both international banking firms and in large corporate’s. He developed the initial risk management framework for the Bond Market Exchange of South Africa and led the integration of all trading and financial risk management activities across a leading mining and industrial conglomerate, while on the insurance side, Mike worked with insurance companies in developing an operational risk methodology to support the requirements of Solvency II.

More recently, Mike worked on the development of the KRI Framework underlying the KRI Library, the development of the KRI Library itself and on the development of loss data consortium requirements for several national and regional banking associations and consortia, as well as leading a large multi-million Euro project in the area of risk and control self assessment. Mike has also led scenario-based ICAAP assessments, assisted firms in achieving AMA accreditation and recently assisted a leadingWestern European regulator conduct their 2010 AMA accreditation review programme.Part of the focus on risk has included technology, risk assessment and training. Mike is a frequent lecturer on operational risk for banking supervisors at the Bank for International Settlements, as well as at industry conferences and seminars. Mike is a regular guest lecturer on risk management at Judge Business School, Cambridge University, as well as at the University of South Africa (UNISA). He has worked with the World Bank/IFC in the Russian Federation and across Eastern Europe, as well as with the Financial Services Volunteer Corps and the BIS’ Financial Stability Institute in ongoing risk management education and knowledge transfer in Europe and Africa.

Mike obtained a Bachelor of Commerce degree from the University of the Witwatersrand, Johannesburg and read for a MBA from Henley Management School/Brunel University through the Graduate Institute of Management and Technology in South Africa. He is a Fellow of the South African Institute of Bankers, a Director and Fellow of the Institute of Operational Risk, a member of the Association of Certified Fraud Examiners and a Charter Member of Risk Who’s Who. Mike was recognised in January 2009 by OpRisk & Compliance magazine as one of the “Top 50 Faces of Operational Risk” and was responsible for RiskBusiness being awarded one of ten “Ten Years of Operational Risk Achievement Awards”.

Mike Finlay

Dr Vuyo Mahlati - Principal Consultant at African Financial Group

Dr Vuyo Mahlati is the Principal Consultant at African Financial Group (AFG) responsible for Pan African and Emerging Markets Innovative Financial Solutions. AFG has a jointventure with Bridge Capital. Dr. Vuyo is the current President of the International Women’s Forum South Africa. In May 2010 she was appointed by the President to serve as one of the inaugural members of South Africa’s National Planning Commission for five years.She formed part of the team that released South Africa’s National Development Plan, adopted as the national strategic framework by Cabinet and Parliament in 2012. Her financial services training and experience has been mainly in development finance, building on practical experience in revolving local savings (stokvels) fund management and investment. In 1997 she founded a savings and credit scheme for the poor and financially excluded (Fukama), licensed (through exemption) by the South African Reserve Bank for Peri-Urban and Village Banking.  Worked with the Fukama Scheme establishing strategic alliances and innovations with the FirstRand Group and then Assupol on a Burial Scheme for Stokvels

She obtained her M Sc with a dissertation on credit schemes for the poor in developing countries from the UK London School of Economics. Dr. Vuyo progressed to mainstream financial services as a transaction advisor, policy maker and Board member. Her directorships include being the non-executive director of Lion of Africa Insurance Company, a subsidiary of the Johannesburg Stock Exchange Listed Brimstone Investment Company. She has served two terms as the Chairperson of the South African Post Office Board of Directors, which includes the Post Bank. There she led asset growth from R4billion in 2006 to R10 billion in 2011/12 with corporatization of the 100 years old Postbank from a savings bank to preparedness for full banking license. She previously served for two terms as member of the Financial Markets Advisory Board as well as member of the Financial Services Board Licensing Committee. Previous private initiatives include being a director of fund manager Umbono Capital (now One Stone). Her continuous training includes certificates from he Gordon Institute of Business Sciences (GIBS, University of Pretoria) in Banking Board Leadership Programmecovering Basel II Refresher and Operational Risk, Risk Governance and Management Structures.

Vuyo holds a PhD from the University of Stellenbosch. Her thesis focused on the role of value chains in mainstreaming rural entrepreneurs into global markets, and was the only one selected by the Faculty of Economic and Management Sciences to be presented at the University’s inaugural New Voices in Science Colloquium. Vuyo is the independent member of the Industrial Development Cooperation (IDC) Agro-processing Competitive Fund. In the late 1990s she led the launch of the Community Public Private Partnership Programme at the Development Bank of South Africa and has held advisory positions to private and public sector institutions. She serves as member of the Global Advisory Council of Corporate Women Directors International based in Washington DC, USA and is also on the Global Advisory Council of the Global Entrepreneurial Hub Network in Vienna. As a budding scholar Dr. Vuyo continues to engage in research with recent work including her research collaboration with renowned professors in agricultural and inclusive finance resulting in the 2011 publication: The Status of Agricultural and Rural Finance in Southern Africa by Machethe C, Moyo T, Mahlati V, Vink N and Coetzee G.

She is the recipient of the 2008 Black Management Forum Presidential Award for Transformational Leadership, as well as the Black Business Executive/ABSA Kaelo (Guidance and wisdom) Award. In 2012 she was the finalist for the 11th Van Ryn’s BBQ Public Visionary Award.

Dr Vuyo Mahlati

Horst Simon - Head of Risk at Ubank

Horst is currently the Head of Risk at Ubank, a well-established financial services provider with a mandate and plan to extend affordable financial services to service the broader working market in South Africa. The bank has a strong presence in selected mining and rural communities in South Africa. One of the pillars driving Ubank’s business strategy is community development. Ubank strives to make meaningful and life-changing contributions towards the well-being, uplifting and development of its communities. 

Horst worked with a number of renowned Global firms in Professional Services, Training and Business Process Outsourcing. He has been in the banking and consulting industries for over 30 years and he developed and launched an on-line assessment tool that accurately measures the level of maturity of an organisation’s risk culture. Supported by the UK-based consultancy, Genius Methods, the Risk Culture Maturity Monitor is set to revolutionise the monitoring of risk management implementation processes in all industries and even improve Central Bank Supervision activities.

Horst is also the Director of Operational Risk at Horwath MAK in the Dubai International Financial Centre and a Senior Advisor for Africa & the Middle East at WNS, a leading global business process outsourcing company. He held previous senior positions with Mashreq Bank, Emirates NBD, Barclays Bank plc and with the Standard Bank Group of South-Africa Ltd. He lived in four countries and worked in more than twenty.

His special interest is in the field of People Risk and he has delivered presentations at international conferences on the Mitigation of People Risk and other risk management topics.

He has also facilitated Operational Risk Management training workshops for banks and banking Supervisors in Africa, Pakistan and the Middle-East. Horst actively supports the capacity building program of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) and he is the Co-Regional Director of the Global Association of Risk Professionals (GARP), Dubai, UAE Chapter and a member of the Professional Risk Managers‘ International Association (PRMIA).

Horst Simon


John Symington - Director at Compliance & Risk Resources

John has held the following positions within a large South African based banking group: Manager Financial Planning, Manager Costing, Manager Special Projects and Senior Manager Financial Accounting. Having established the Group’s Compliance function in the mid 1990’s, he left the Group in mid 2003 after holding the position of Director Group Compliance and having spent some 13 years in its employ.

He is the owner and director of Compliance & Risk Resources (Pty) Ltd, which has, over the last 10 years, delivered consulting products and services to a wide range of clients.
He is the Africa reseller of World-Check products for Thompson Reuters, Governance, Risk and Compliance.

John is a founding member of the Compliance Institute of South Africa and is currently a Director thereof. He is registered as a Compliance Professional. He is a member of the Money Laundering Advisory Council to the Minister of Finance and has played a role in the drafting of various high impact regulatory requirements. He participated in the drafting of the compliance section of the King III report on corporate governance (as a member of the compliance and stakeholders sub-committee).

John Symington

Andile Khumalo - Chief Investment Officer at MSG Afrika Investment Holdings

Andile, a Chartered Accountant by profession, is the Chief Investment Officer of MSG Afrika Investment Holdings, a company owned and managed by him, Given Mkhari and Simphiwe Mdlalose.

MSG Afrika is a black-owned media and communications group with interests in The Jupiter Drawing Room (Advertising), MetropolitanRepublic (Advertising), Capricorn FM (Radio), Power FM (Radio), Continental Outdoor Media (Outdoor Advertising), Quizzical Pictures (TV Production), The Communications Firm (Corporate Communications, PR & Events), and The Quarto Press (Printing), amongst others. Group clients include MTN, ABSA, FNB, The South African Reserve Bank, South African Breweries amongst others. The group operates in more than 14 African countries.

Andile is a member of the Takeover Regulations Panel (TRP) which regulates affected transactions and offers.

He is the 11th President of The Association for the Advancement of Black Accountants of Southern Africa (ABASA) and also serves on the board of The South African Institute of Chartered Accountants (SAICA). Khumalo is the Treasurer of The Black Business Council (BBC).

In September 2012, the Minister of Public Enterprises appointed Andile on the board of South African Airways.

Andile was born in Umlazi.

Andile Khumalo


George Guvamatanga - MD of Barclays Bank Zimbabwe

George T Guvamatanga was appointed Managing Director of Barclays Bank Zimbabwe in January 2008 after more than 18 years of banking experience.   This career banker has a richly diverse professional career covering Retail Banking, Treasury, Commercial banking and Operations.

George holds an MBA in Banking with the University of London, Centre for Financial and Management Studies (CeFiMS) and an ACI dealing certificate. He has also completed Executive Development Programmes with the University of Pretoria (Gordon Institute of Business Science) in South Africa, Success Motivation International (USA) with the University of Chicago and is an Associate of the Institute of Bankers Zimbabwe.

George is the Vice President of the SADC Bankers Association, the President of the Bankers Association of Zimbabwe and a past President of the Treasurer’s Forum, a Bankers Association of Zimbabwe sub-committee. He is also the Chairman of the Business Council of Zimbabwe.

George Guvamatanga

Prof Henry Mynhardt - Professor of Risk Management at Unisa

Henry has many years experience in the financial world and is currently an associate professor at the University of South Africa in the School of Economic and Management Sciences. He specializes in Risk management, Compliance, Investment management at post graduate level and more specifically for masters’ and doctoral students. Henry holds a PhD degree which he obtained from the University of the North West. 

Henry has extensive lecturing experience in countries across Africa and Europe. His research focuses on financial management, risk management, compliance and ethics particular in the financial and medical fields. He has published a number of articles on these subjects and has presented several papers both locally and abroad. In addition, Henry is the author and co-author of several textbooks on these subjects.

Since 2001 he has served on a number of risk, audit and compliance committees as an independent member and in some instances as the independent chairperson.  He is a member of the board of trustees of the Unisa Retirement Fund, the Unisa Retirement Fund audit committee as well as the Unisa Operational Investment Committee.

Prof Henry Mynhardt

Patrycja Kula, Business Development Manager at the JSE

Patrycja has been in the financial sector for a number of years. Her career started at Liberty as a financial advisor. She then began a business recovering international VAT and learnt a number of important entrepreneurial lessons. Thereafter she moved to FNB where she managed a portfolio of business clients. Her next move was to the Johannesburg Stock Exchange where she has been for six years. Her roles have been varied and she is now responsible for business development and has been tasked to encourage new listings on the exchange.

About the JSE

The JSE Ltd offers the investor a truly first world trading environment, with world class technology, surveillance and settlement in an emerging market context. It is amongst the top 20 largest equities exchanges in the world with over 400 listed companies.

As well as a vibrant equity market, including ETFS and warrants, the JSE offers a Financial Derivatives market, which is the fourth largest in the world in single stock futures; an Agricultural Products market, and AltX, an emerging companies market.

The JSE has made huge strides in the last ten years. Its partnership with the London Stock Exchange has provided a world class trading platform, while the STRATE settlement environment has been rated amongst the top five in the world. The market is vigorously regulated to a high standard of corporate governance, and there are no financial impediments to accessibility from foreign investors. The JSE plans to extend its technological base to other markets in the African region, and while many challenges remain, it has the potential to encourage the growth of markets across Africa.