In its commitment to cultivate communities through various sponsorships, Stanbic Bank Botswana has announced that it is part of the sponsors of Botswana Pensions Society (BPS) for their 2022 Annual Conference. This sponsorship is purposed towards giving industry players a forum to exchange knowledge and industry insights relating to retirement funds from local and international perspectives. The conference took place on 9 March 2022 under the theme, “Keeping up-to-date on the latest changes affecting retirement funds” Stanbic Bank has sponsored this conference for a period of nine years.
Stanbic Bank Botswana Head of Investor Services, Vincent Baituti said, “Our very own Shathani Molefe, Head of Compliance, was one of the speakers addressing the topic “The retirement funds industry continues to be impacted by regulatory changes and improvements”. Pension funds are a key and strategic market segment for our Corporate and Investment Banking franchise, particularly for our Investor Services business where we have strong partnerships with the various pension funds and other institutional investors providing asset custody services and related bespoke solutions across all client segments. With a proven 27-year track record making us the oldest custody services provider in Botswana with a unique and deep understanding of the local market, we are not only passionate about providing leading and innovative solutions to clients, but play a meaningful role in building a resilient and world class market for the benefit of our clients and future generations. We are delighted to leverage the expertise and talent in the bank to demonstrate our collective thought leadership and unwavering commitment towards market and regulatory advancement, to align our capital market across the entire value chain with international best practices.”
When giving the presentation, Stanbic Bank Botswana Head of Compliance Shathani Molefe said, “We have to show appreciation to the international trends, especially in regulations and how important it is for financial institutions to familiarise themselves with the new trends. Regulatory bodies such as NBFIRA are there for the sustainable growth of the economy as such there have been and will be continuous changes in the legislation surrounding pension funds and associated non-bank financial institutions. Key to this is for the market participants to engage authorities in the development of these laws by providing comments and sharing their knowledge and experiences.” She called on all Boards of Trustees to upskill themselves on matters of corporate governance, conflicts of interest and anti-money laundering and countering of financing of terrorism, as these were both local and international focus areas.
During his welcome remarks, Botswana Pensions Society’s Acting Chairperson, Zhadzisani Kgomotso, said “This is an occasion of cardinal significance for us as Botswana Pensions Society. Today serves as a forum at which the entirety of the industry gathers to exchange information and knowledge as well as improve retirement fund understanding from both national and international viewpoints. With that, we are grateful for the support displayed by Stanbic Bank and believe that through their backing and involvement, we will continue to successfully implement our agenda.”
As the Bank takes on this partnership with BPS, it looks forward to a long-lasting collaboration and continues to work towards purposeful, innovative and future-oriented engagements.