A new CEO will start at the Namibian Stock Exchange ( www.nsx.com.na) on 1 January 2013. Sebby Kankondi, Chairman of the NSX, has announced that the Board of the NSX has appointed Tiaan Bazuin. He replaces John Mandy, who has already reached retirement age.

Bazuin joined the NSX in 2011 as Listings Manager, was identified as a potential CEO during the recruitment process. His qualifications include a B.Comm (Economics) and LLB (Law) from North-West University in South Africa and he was admitted as a Legal Practitioner in the High Court of Namibia in 2006. He has broad experience in regulatory compliance, finance and business development having previously worked as corporate banker, company secretary and chief legal officer, including with Bank Windhoek and telecommunication company leo Namibia.

Bazuin expressed his appreciation for the responsibility the Board has entrusted him with and to John Mandy under whose tutelage he has been working at the NSX. In terms of the orderly handover process John will be retiring at the end of May 2013. He added: “The Exchange is at a cross-roads, with high expectations from Government in terms of the financial sector strategy. My goal is to continue the good work the NSX has been doing in maintaining a world-class regulatory regime and to deepen the capital markets through various new products and services we have been developing with the cooperation of our regulator (NAMFISA) and other market participants. ”