Maasdorp to step down as NDB VP and CFO in July
New Development Bank (NDB) VP and CFO Leslie Maasdorp will step down from his role on July 7, after nine years of service at the bank.
In July 2015, South Africa’s Cabinet appointed Maasdorp as VP to represent the country at the NDB in Shanghai, China. Maasdorp was then appointed by the bank to the role of CFO and was a member of the founding management team of the institution, under the leadership of the first NDB president KV Kamath.
At the expiry of his contract in 2021, Maasdorp was reappointed by Cabinet for a second term of three years.
A recruitment process to identify a successor to Maasdrop is under way.
“On behalf of my colleagues, I wish to express our sincere gratitude to Mr Maasdorp for the distinction with which he has served South Africa in this role. As CFO, he led the treasury and capital markets activities of the bank, having established the global and domestic bond programmes for the institution, raising more than $15-billion during his tenure.
“He also led the process of obtaining the inaugural credit rating of the bank in 2018, which established the institution as a new emerging markets-focused multilateral development bank. I want to wish him well in his future endeavours,” says Finance Minister Enoch Godongwana.
“It has been a distinct pleasure and honour to serve South Africa over the past nine years as VP and CFO of the NDB. I wish to thank Minister Godongwana, his predecessors during these nine years, as well as the Cabinet colleagues for having afforded me this incredible opportunity to be part of a historic mission to create a new global financial institution from scratch.
“Over this period, NDB approved over $6-billion of loans to South Africa contributing significantly to the rollout of sustainable infrastructure, including in rail, ports, power, roads and water projects,” Maasdorp comments.
Comments
Research Reports
Projects
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
