Former economic presidential adviser John Steytler has been announced as the new chief executive officer (CEO) of the Development Bank of Namibia (DBN) from 1 September for five years.
The bank announced this yesterday.
Steytler will take over from Martin Inkumbi, who is shortlisted for the Government Institutions Pension Fund CEO position.
Steytler is a trained economist, and emerged successful after a protracted independent recruitment process, the bank said.
He is currently employed as GIZ Namibia’s Sustainable Development Goals project leader, and was heavily involved in the establishment of Namibia’s first national statistics office.
He has served as the founding statistician general at the Namibia Statistics Agency (NSA) for four years.
The bank said Steytler has a wealth of domestic and international experience in the public and private sectors, with a special focus on macroeconomics and international economics.
During his time as the head of research and chief economist at the Bank of Namibia, Steytler pioneered the formalisation of Namibia’s monetary policy framework, and oversaw a number of important research papers with significant impact on the Namibian financial system.
This includes the optimal utilisation of Namibia’s large contractual savings pool for local economic development, and the development of the Namibia Financial Sector Charter.
“He thus has a deep understanding of the socio-economic development trajectory of Namibia, including the associated challenges and opportunities,” the bank said.
DBN board chairperson Sarel van Zyl expressed confidence in and support of the incoming CEO, and wished him well.
“I expect Steytler and his executive team to play a significant role in the recovery and future development of the Namibian economy and its people,” Van Zyl said.
– email: lazarus@namibian.com.na
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