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Friday, 16 April 2010 11:10

Bank Appoints New Economist

WINDHOEK, Namibia, April 16 (Namibia Economist) - Bank Windhoek has appointed Dr John Steytler as economist effective 01 April 2010. "As Economist, John will provide a valuable and important economic information service to the media, the stakeholders and clients of Bank Windhoek," said the bank's managing director, James Hill.


"I am very excited to be part of the Bank Windhoek team. It was a deliberate decision to join the bank. Bank Windhoek is a dynamic bank, which has gone into areas where other banks have not gone into yet.


"The bank is a market leader in certain segments and has grown tremendously during the last few years. It does a tremendous amount in terms of innovative financial products, especially products that do not require a lot of money to open a bank account and thus contributes tremendously to government's objectives of expanding access to financial services to all Namibians.


"Moreover, the bank is by far the leader when it comes to SME financing, which is so crucial for economic development in a country like Namibia," John said.


After graduating at the University of Namibia, John started working for a non-governmental organisation in Namibia. He was soon offered a scholarship in Germany where he spent five years studying, obtaining basic degree and Master's degrees in Economics from the Phillips University in Marburg, Hessen.


Upon his return to Namibia, John started working for the Ministry of Agriculture, Water and Forestry, and then joined the Ministry of Trade and Industry as chief economist. After two years, John joined the Bank of Namibia (BON) as senior research officer in the field of money and banking.


He climbed the career ladder at BON and advanced to senior economist, eventually heading the statistics division. In 2003 BON sent John as an attachй to the International Monetary Fund (IMF) in Washington, where he worked for four years.

John continued to study and pursued a PhD in Economics at the University of KwaZulu-Natal in South Africa.


In 2007, he returned home and became the director of the research department of BON. He was appointed as a member of the senior management team and as member of the executive committee (being the highest decision making committee of BON). The executive committee acts as the Monetary Policy Committee for Namibia and also as the Reserve Management Committee of Namibia.



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