CFO Leslie Maasdorp appointed debt officer of New Development Bank

Leslie Maasdorp’s appointment as the debt officer is in line with the new JSE-listing requirements.

The New Development Bank has announced the appointment of its vice president and CFO, Leslie Maasdorp, as the company’s new debt officer.

The appointment follows the Johannesburg Stock Exchange passing a new listing requirement that companies listed on the exchange should have a debt officer.

Read more: JSE requires debt officer as new listing requirement

Over the past 25 years Leslie has occupied senior leadership roles in both private and public sectors. Most recently he served as MD and president of Bank of America Merrill Lynch for Southern Africa for four years. Prior to that he served in a dual role as vice chairman of Barclays Capital and Absa Capital. In 2002 he was the first African to be appointed as international advisor to Goldman Sachs International.

Before his 13 years as a global investment banker, he served in several senior leadership roles in the government of South Africa. In 1994 after the transition to democracy, he was appointed as special advisor to the Minister of Labour and in 1999, in his role as deputy director-general of the Department of Public Enterprises, he led the restructuring and privatisation of state-owned enterprises for the South African government.

He is a former chairman and CEO of Advtech, a leading provider of private education in South Africa. Leslie is a young global leader of the World Economic Forum. He holds a BA in economics and psychology from the University of the Western Cape and a master of science in economics from the School of Oriental and African Studies, at the University of London.

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