Hangula to take reins at SSC

FESTUS HANGULA is set to become the new Executive Officer of the Social Security Commission with effect from July 17.

Hangula will replace Tuli Hiveluah who resigned in August 2005, shortly before he was to face a disciplinary hearing about the role he played in the SSC’s decision to invest N$30 million through an inexperienced but well-connected asset management company, Avid Investment Corporation. Hangula graduated with distinction as a fellow of the Macro Economic and Financial Institute of East and Southern Africa.He has 15 years experience in the financial sector and is currently a member of the management team at First National Bank of Namibia, where he is responsible for dealing, support, investment, risk management, asset and liability management and international business.He holds a Bachelors Degree in Business Administration and an MBA in Finance.Currently Hangula serves as the commissioner of the Namibian Competition Commission, a board member of Namclear, trustee and chairperson of FNB Namibia Pension Fund and a member of the Investment Committee of First National Holdings.Before joining FNB, he was a member of the executive management at the Bank of Namibia responsible for investment management and risk managementHangula graduated with distinction as a fellow of the Macro Economic and Financial Institute of East and Southern Africa.He has 15 years experience in the financial sector and is currently a member of the management team at First National Bank of Namibia, where he is responsible for dealing, support, investment, risk management, asset and liability management and international business.He holds a Bachelors Degree in Business Administration and an MBA in Finance.Currently Hangula serves as the commissioner of the Namibian Competition Commission, a board member of Namclear, trustee and chairperson of FNB Namibia Pension Fund and a member of the Investment Committee of First National Holdings.Before joining FNB, he was a member of the executive management at the Bank of Namibia responsible for investment management and risk management