Masthead appoints new board member

Phil Mnisi

Masthead Distribution Services, South Africa’s largest independent financial advisor network, has bolstered its board through the appointment of Phil Mnisi, who joins as an independent non-executive director.

Mnisi, who is currently the assistant governor of the Central Bank of Swaziland, was recently welcomed to the MHDS board, says Ian Middleton, Masthead managing director.

His career within the financial services sector spans almost two decades both in Swaziland and South Africa. Mnisi joined the Central Bank of Swaziland in November 2008 from Absa, where he was a member the senior leadership group. Prior to this, he held the position of CEO at the Institute of Bankers in South Africa. He has also filled various other senior positions at Standard Bank South Africa and Standard Bank Swaziland, Nedbank Swaziland, the Commonwealth Development Corporation and the Swaziland Industrial Development Company.

He has extensive management experience gained in commercial banks and development financial institutions in South Africa and Swaziland, as well as an impressive academic track record. Mnisi has a B.Com (Accounting) and a Masters Degree in Business Leadership (MBL) and is one of a handful of people to have achieved the Chartered Marketer SA designation.

He has also completed various training programmes, including the Executive Leadership Development Programme through the Gordon Institute of Business Science, and the Programme on Investment Appraisal and Management through Harvard University. Broad exposure to financial and human resource development facets within the banking world has made Mnisi a popular speaker at national and international conferences.

“With his significant experience, understanding, knowledge and leadership skills in the financial services industry, we believe Mnisi is a valuable asset to our board,” says Middleton. “By strengthening our board, we can enhance the support we provide to independent financial advisors, which will ultimately benefit the consumer.