SABRIC appoints Nischal Mewalall as its new CEO

Nischal looks forward to building onto SABRIC's success by leveraging technology, data and AI.

The South African Banking Risk Information Centre (SABRIC) has announced the appointment of Nischal Mewalall as its new CEO with immediate effect. 

About his appointment, Nischal said:

“I look forward to leading SABRIC and building on its success by leveraging technology, data and AI to bring even greater value to our members and stakeholders as after all, they are at the heart of this business.”

Nischal joins SABRIC from First National Bank (FNB) where he was the head of Crime and Security Risk Management. His career started at the National Prosecuting Authority as a prosecutor and he subsequently spent 13 years at the Financial Intelligence Centre (FIC) as head of the Monitoring and Analysis division. 

Nischal has also served on various public sector structures including the Anti-Corruption Task Team (ACTT) and was the deputy chair of the FIC’s Enforcement Tribunal. He served as a director and board member of the Southern African Fraud Prevention Service as well as the deputy chair of the SABRIC Integrated Crime Risk Management Committee.

Nischal will be taking over from former CEO Kalyani Pillay who has no doubt that Nischal will lead the SABRIC team “to add greater value in the fight against bank-related crimes and empower the public to take care of their money”.

SABRIC board chairman Y Abba Omar said that Nischal was appointed after an extensive search. “He brings to the organisation a wealth of experience and insights which can help build on SABRIC’s firm foundations, while also looking at innovative responses to the ever-evolving world of crime and fraud.”