Senior Namfisa manager quits suddenly

Senior Namfisa manager quits suddenly

ONE of the top managers at the Namibia Financial Institutions Supervisory Authority, Marcelina !Gaoses, has resigned at short notice and left the employ of Namfisa.

!Gaoses resigned her position at Namfisa on Friday, Namfisa’s Chief Executive Officer, Rainer Ritter, confirmed to The Namibian on enquiry yesterday. He said her resignation was with immediate effect.As Namfisa’s General Manager: Provident Institutions, !Gaoses held one of the second most senior managerial positions at Namfisa.She had been in that post since early 2002, Ritter said.He added that he had no comment about alleged claims that Namfisa had been planning to suspend !Gaoses from her post before she resigned.!Gaoses could not be traced for comment yesterday.As General Manager – and also Deputy Registrar – of Namfisa’s Provident Institutions Division, !Gaoses occupied a powerful position.She headed the supervisory body’s division responsible for the registration, regulation and supervision of all provident institutions, such as insurance companies, pension funds and medical aid schemes.The Provident Institutions Division at Namfisa is responsible for administering five pieces of legislation – the Long-term Insurance Act, the Short-term Insurance Act, the Pension Funds Act, the Medical Aid Funds Act, and the Friendly Societies Act – for the purposes of regulating the financial institutions registered under these acts.He said her resignation was with immediate effect.As Namfisa’s General Manager: Provident Institutions, !Gaoses held one of the second most senior managerial positions at Namfisa.She had been in that post since early 2002, Ritter said.He added that he had no comment about alleged claims that Namfisa had been planning to suspend !Gaoses from her post before she resigned.!Gaoses could not be traced for comment yesterday.As General Manager – and also Deputy Registrar – of Namfisa’s Provident Institutions Division, !Gaoses occupied a powerful position.She headed the supervisory body’s division responsible for the registration, regulation and supervision of all provident institutions, such as insurance companies, pension funds and medical aid schemes.The Provident Institutions Division at Namfisa is responsible for administering five pieces of legislation – the Long-term Insurance Act, the Short-term Insurance Act, the Pension Funds Act, the Medical Aid Funds Act, and the Friendly Societies Act – for the purposes of regulating the financial institutions registered under these acts.

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