Sasfin CFO Lushen Pather accepts new job at Reserve Bank

Lushen Pather has been appointed as Divisional Head: Bank Supervision at the South African Reserve Bank (SARB), starting on 1 January 2018. He was Sasfin’s chief financial officer and as acting group FD was slated to take over the reins from his long-serving predecessor Tyrone Soondarjee.

"It is an opportunity I could not turn down," says Lushen, who built a strong relationship with the SARB during his tenure at Sasfin.

"There were no push factors at Sasfin and I left on excellent terms. As a CFO I feel I can gain invaluable experience by working on the side of the SARB, an internationally respected regulator. I will also be exposed to banking regulation on a global level, which is very exciting."

Sasfin has not yet appointed a replacement.