The FirstRand Namibia Group has changed its top leadership in a move aimed at strengthening continuity, internal succession and long-term market stability.
This includes executive changes at First National Bank (FNB) Namibia and Rand Merchant Bank (RMB) Namibia.
The announcement was made yesterday.
Philip Chapman has been appointed chief executive of FNB Commercial, following his tenure as chief executive of RMB Namibia, where he led the institution through a period of growth and consolidation in the corporate and investment banking space.
“As I step into the role at FNB Commercial, I look forward to supporting our country’s commercial clients with integrated financial solutions that enable sustainable growth, locally and across borders,” Chapman says.
Daniel Motinga takes over as chief executive of RMB Namibia, becoming one of the key figures steering the bank’s regional and domestic investment banking operations.
Motinga previously led the client segment business unit, where he was responsible for segment strategy, client engagement and major deal origination.
“I am honoured to lead a franchise that continues to deliver world-class solutions in our home market and beyond,” Motinga says, adding that his focus would remain on partnerships and transactions that support economic development.
Group chief executive Conrad Dempsey says the appointments were the outcome of deliberate succession planning and internal talent development.
“These decisions reflect a strong internal talent pipeline and a commitment to leadership continuity. Both leaders bring deep market insight and proven capability to deliver value for clients and the broader economy,” Dempsey says.
The group’s spokesperson, Kirsty Watermeyer, says the leadership changes reinforce the FirstRand Namibia Group’s commitment to strong succession planning and the depth of its internal talent pipeline.
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