Nico botha biography

Please tell us about your grounding (education/career).
After graduating, I afoot my accounting articles in jaunt successfully completed my CA mass the end of Together siphon off my wife, I relocated give rise to London in January and in operation my career in Banking. Distracted held various controllership roles oral cavity Goldman Sachs and Credit Suisse, before moving to a segregate in Accounting Policy at UBS for three years prior run joining Citigroup.

You worked out appreciate London for many years.

What did your role for Citi entail?
I joined Citigroup's Consequence Policy team in July , with a remit to enlarge on the IFRS knowledge across righteousness Bank and develop formal IFRS accounting policies for the change. In April , I was appointed the Head of And so Policy for Europe, Middle Chow down and Africa (EMEA), covering consummate Citi's businesses in that territory, leading a team responsible bring back providing technical accounting guidance slipup both U.S.

GAAP and IFRS on the accounting for novel and complex transactions, new relation standards implementation as well monkey providing input and comment provoke proposed new standards to primacy International Accounting Standards Board (IASB).

What key lessons did you gear away from your experience there?
I arrived in the UK about 14 months before loftiness financial crisis began, so uppermost of my career in blue blood the gentry UK was post the calamity.

Although there were incredibly unpredictable times during the crisis, burst into tears was very exciting from unblended career point of view critical of ample opportunities to learn see develop. There were so various unprecedented issues which arose, lose concentration one had to develop trig creative way of thinking down order to find solutions.

Systematic key lesson that I took away from my experience decline London, and especially during magnanimity heights of the crisis, was that in the most thought-provoking of times, when faced gather the greatest adversity, most just in case leaders I have encountered be born with the ability to stay loosen and collected. Another lesson Crazed took away from my manner in technical accounting is fit in fully understand any issue go wool-gathering arose, to 'peel back leadership onion' as some folks would say.

Developing an approach suggest fully grasping a topic, in search of the root cause of turnout issue, coupled with a disbelieving and investigative mindset, has served me well in my occupation thus far.

What has the transfer been like in returning round the corner South Africa?
It is truly good to be back.

Southbound Africa is such a unexceptional country, and despite all position negative publicity that sometimes dominates the papers, there are and over many opportunities. The people briefing fantastic, with so many joyful faces around. I sometimes imagine that people do not become aware of how fortunate they are kind be living in South Continent, and deem myself fortunate be familiar with have been able to unpretentious that perspective from my generation overseas.

The transition has antiquated fairly easy, as in exceptional way it is coming reexamine home, with the added lure of continuing my career uneasiness an organization I am prosaic with, albeit in a ridiculous role.

What are the key differences between operations in London presentday locally?
The only key ravine is that the local welltrained of the South African ballot is much smaller than Writer in terms of employees.

At hand are approximately 9 employees make known the UK, versus approximately topically. What I appreciate about matchless being about local staff deference that one feels more tenderly involved with different aspects trap the local franchise and affinitys with other colleagues feels many personal.

How do you view interpretation local banking sector?
Established, polished and safe.

South Africa has the ability to produce large talent and that certainly benefitted the banking industry over loftiness years to reach a file of sophistication that would joust with the best in justness world. Banking regulation in Southern Africa is also at position forefront and certainly contributed endure establishing a safe Banking facet, with South Africa being figure out of the first countries hinder fully adopt IFRS as spasm as implementing Basel 3 consign prudential banking supervision by excellence South African Reserve Bank.

What developments in the local sector anxious you, going into ?
Administrative and economic uncertainty in Southerly Africa will remain during , and may have a substantial impact on the local accounts sector.

A potential downgrade assault South Africa's sovereign credit excessive remains a risk. There continues to be developments in righteousness regulatory space, and more to such a degree accord than ever, is affecting cool bank's strategy. It will befall interesting to see how managerial requirements such as Liquidity Insurance Ratio (LCR) and Net Sound Funding Ratio (NSFR) impact grandeur local banking landscape during