New Horizons for FirstRand Namibia CFO

FirstRand Namibia's Chief Financial Officer (CFO), Oscar Capelao, has resigned effective end April 2023, the company announced this week.Capelao, a seasoned and well-respected senior executive in the market, is ready for new opportunities, after 17 years with the group, and 10 years as Group CFO. Capelao, as part of the FirstRand Namibia Executive team, has been instrumental in the building out of the old-style bank to the diversified end-to-end financial services giant of the Namibian group today. FirstRand Namibia includes FNB Namibia, recently voted Bank of the Year, and the strongest banking brand in the world, RMB, market leader in corporate financing, IBD and CIB and markets, Ashburton, its rising institutional partner for growth, and an innovative and comprehensive Wealth management solution and service model via its FNB Retail and PointBreak teams. Capelao says, “Change is a model we understand well in this group, and I am excited to watch the group continue to help build a globally competitive Namibia. I am a FirstRand citizen through and through, a lifelong customer of the bank of the #changeables, and in whatever role comes next, supporting the FirstRand vision of unlocking opportunity for all, will remain a cornerstone of my service in Namibia.’Conrad Dempsey, CEO FirstRand Namibia, “Talent, expertise and commitment are prized characteristics across all our franchises, FNB Namibia, RMB and Ashburton. Oscar’s financial leadership leaves a strong group, well-experienced in best practice, strategic execution and most especially, well-versed in our role in society, and the promises we make to customers. His leadership style and knowledge-sharing experience, means that our extensive financial teams across the group, are best placed to assume the challenge of the next phase of our growth.” The Group CFO role is an executive coordinating financial role towards delivering integrated reporting, while each franchise in the group – FNB Namibia, RMB and Ashburton, has the benefit of its own financial services team relating to daily operations.The FirstRand Namibia board has commenced the process of appointing a successor to Capelao, with a further announcement to be made in due course.

New Horizons for FirstRand Namibia CFO

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Namibian Sun 2026-02-18

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New Horizons for FirstRand Namibia CFO

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Namibian Sun 2026-02-18

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