Bloomberg News

FirstRand Hires Central Bank’s Yvette Singh as Executive

January 24, 2012

(Updates with company comment in second paragraph.)

Jan. 24 (Bloomberg) -- FirstRand Ltd., South Africa’s second-largest banking group, said it appointed Yvette Singh, a former central bank official, as its public policy and regulatory affairs executive.

Singh will help FirstRand implement new policies and planned regulations, the Johannesburg-based lender said in an e- mailed statement today. Singh, as the deputy registrar of banks at the central bank until October, was involved in the regulation and supervision of South African lenders. She worked at the Reserve Bank for 16 years, FirstRand said.

Registrar of Banks Errol Kruger resigned last year and was replaced by Rene van Wyk in October, the same month that Singh left the central bank. FirstRand is expanding in Africa and wants to access Singh’s knowledge both in South Africa and across the rest of the continent, the lender said.

--Editors: Gordon Bell, Karl Maier

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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