Management changes within the National Fund for Municipal Workers

Good day,

I trust that you are all well and keeping safe.
 

Please be advised that Mr Sean Samons, who has been the Principal Executive Officer of the NFMW, is no longer serving in that capacity. The Board of Trustees of the NFMW has appointed Mr Leslie Ndawana to act in the position of Principal Executive Officer with effect from 6 May 2020. Mr Ndawana has been with the NFMW as the Deputy Principal Executive Officer since 1 September 2017.  Messrs Samons and Ndawana worked together very closely over the last two and half years such that you may have interacted with Mr Ndawana over the period.
Mr Ndawana has been in the South African retirement funds industry for more than a decade. He currently serves as a member of the Education and Training Committee of the Batseta Council of Retirement Funds. He is also serving in the Financial Sector Transformation Council’s Retirement Funds Scorecard Review Sub-Committee; the Sub-Committee is currently reviewing the transformation matrix for retirement funds and related industries. Mr Ndawana is a professional member of Batseta having qualified with a Chartered Principal Executive Officer (CPEO) qualification and designation. He further holds a Post Graduate Diploma in financial planning (NQF level 8) and an Advanced Post-Graduate Diploma in Investments (NQF level 8), both qualifications obtained from the University of the Free State. He is currently in the second year of pursuing his MBA studies with Henley Business School, which is part of the University of Reading in the United Kingdom. Over the years, Mr Ndawana has worked as a retirement funds Consultant, Principal Consultant, Portfolio Manager and Head of Employee Benefits, among other portfolios. He has also been a Principal Officer of a bargaining council fund and a Trustee of one of South Africa’s financial institutions’ umbrella retirement funds. 
The Board of Trustees is grateful for the service that has been rendered by Mr Samons in his capacity as the Principal Executive Officer of the NFMW and supports Mr Ndawana as he acts in the Principal Executive Officer role.
The operational structure and the operational team of the NFMW remain unchanged. The NFMW’s capabilities, processes and systems that have been developed over time remain in place and will continuously be refined, for the NFMW to remain the Benchmark of Excellence in the local government sector, over the long term.
 
All our stakeholders can continue to expect and hold us to the service standards and value offering that they are accustomed to.
 
For any queries regarding this communique, please contact the following:

• Chairman of the NFMW: charles@nationalfund.co.za or phone number 082 545 8246
• Acting Principal Executive Officer: Leslie@nationalfund.co.za  phone number 012 743 3004

Yours Faithfully

Charles Antonio 
Chairman of the National Fund for Municipal Workers