Press Office Feature : FNB appoints new Chief Economist
First National Bank
29 Nov 2012
Email this article
Comment on this Article
Print this article
Sizwe NxedlanaFNB today announced that Sizwe Nxedlana has been appointed FNB Chief Economist, taking over the role from Cees Bruggemans effective Monday, 3 December 2012.
Prior to this role, Sizwe held the role of Senior Economist at FNB Wealth and was a member of the investment and asset allocation committees.
Sizwe joined FNB in 2008 and was responsible for the analysis of South African and global economic trends and global markets, initially servicing the FNB Commercial and more recently the FNB Wealth segment.
Sizwe holds a Master of Commerce in Economics from the University of Kwazulu Natal. He completed his Bachelor of Commerce Degree from the University of Cape Town.
Prior to FNB, Sizwe worked at Kagiso Trust Investments (KTI) and Standard Bank, as a Property Economist.
Sizwe replaces Cees Bruggemans, who is retiring from FNB after 28 years as FNB's Chief Economist.
"Cees is a highly respected economist and has made a significant contribution to the success of FNB's economics service. These are big shoes to fill but I am looking forward to the challenge" says Sizwe Nxedlana.
Commenting on Sizwe's appointment, Cees Bruggemans says: "Sizwe is a young and dynamic economist who has as exceptional breadth of knowledge and expertise on the macro and micro global and local economic environment. I am confident that he will be successful in driving the FNB economics team to greater heights."
"We have been fortunate to have Cees Bruggemans as the FNB Chief Economist. His many years of experience have added great value to the organisation. We wish him well in his future endeavours and welcome Sizwe Nxedlana as the new FNB Chief Economist," adds Michael Jordaan, FNB CEO.
The FNB economics team will include Sizwe Nxedlana as FNB Chief Economist, John Loos as Consumer and Property Economist and Marc Appleton as FNB Wealth's Investment Strategist.
Cees Bruggemans will continue, in a capacity of Consulting Economist to FNB and will continue to contribute his articles, as in the past, via the FNB website.
There are no comments at this stage. Be the first to comment!
Please Login To Comment On an Article - Click here To Login
ITInews invites comments at the foot of each of its articles in which readers can respond freely - anonymously if they wish - to various topical issues and industry debates. However, comments submitted by readers that are defamatory or deemed, by the editors, to be racist or obscene will be deleted from the database.
Furthermore, ITInews's editor would like to caution potential posters on its websites that while it welcomes robust debate, it will not hesitate to make the IP addresses of the authors of such defamatory statements available to the authorities, in the event of a court order compelling them to do so.
First National Bank
More from First National Bank
Overview - 2016 National Budget
We are probably too late to implement and display evidence of growth
FNB makes tax-free saving quick and easy
Our top tip for saving is to pay yourself first
Sluggish economy to keep the small business sector highly vulnerable
Never assume that a loan is the only way out of tough times
Rate hike will bring in greater consumer caution
Households should budget wisely in anticipation of further interest rate increases
Silly Season profits can make or break your business
The holiday season is the busiest time of the year for many coastal business owners
Key drivers of residential property selling
FNB estate agent survey reasons for selling property
Unchanged Repo rate: The best option for the household sector
Consumers should actively try to lower debt-to-disposable income ratio while interest rates are low
FNB launches first scalable banking website in Africa
The new website will be available to the public on Sunday 14 July 2013
Unchanged interest rate decision
Keeps the cumulative impact of monetary and fiscal policy on household sector negative
Inflation still impacts more on low income groups
At a time when the risk of social upheaval is not insignificant