Namibia

Paulino takes over at Alexander Forbes – Namibia

Alexander Forbes Investments Namibia has appointed Bonnie Paulino as Managing Director, effective mid-May of this year.

Polono (aged 61) prior to his appointment had been Executive Vice President of the Namibian Financial Institutions Supervisory Authority (Namfissa) since 2002, where he held various positions over the years.

He joined Namfisa from Rössing Uranium Limited where he worked as a Principal Officer in the Mine Pension Fund.

The retired footballer, Alexander Forbes, said he would help the company achieve its goals.

“My growth strategy will be to help improve efficiencies, maintain and grow assets under management, attract more institutional investors, transfer skills and develop employees,” he said.

According to Paulino, the Namibian non-bank financial sector has developed significantly over the past few years, however, there is still much to be done in terms of introducing the development of modern legislative skills and expanding financial inclusion and education to all areas of the population.

He said he wanted to join Alexander Forbes because it was one of the first, if not the first, financial institutions in Namibia to provide financial services to funds and consumers of financial services.

“I considered myself a good fit to bring my skills and experience to the company and the broader consumers of financial services,” he said.

While there are concerns that Namfissa won’t be comfortable with a previous executive regulation, Pauliono said it wouldn’t be the first.

Namfisa already organizes executives, management and ex-employees who have joined the industry over the years. Due to the nature of the financial sector, it is obvious that people with these skills move between regulators and industry. I would add that Namviza should welcome organized people who understand regulation and supervision.

Paulino heads to Alexander Forbes during the Covid-19 heat, but said there are lessons learned during the pandemic.

“The lessons learned are that both the financial sector and consumers must have measures in place to disrupt business and its continuity by developing and providing products to meet epidemics and disasters,” he said.

Paulino has over 18 years of supervising non-bank financial institutions and holds a law degree from the University of Zululand, a master’s degree from the University of Warwick, and a diploma in management development program from the University of South Africa.

e-mail: [email protected]

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