Michael Mgwaba

ABSA

Michael Mgwaba

Michael a Chief Executive Office for NewGold Issuer (RF) Limited. He is also a head of Exchange Traded Product business for Absa Group and was a Senior Manager within the product originating and structuring team of Absa’s Corporate and Investment banking division for a number of years before appointed head of business. He has served as Public Officer of Trackhedge Pty (Ltd), Trackhedge Managers Pty (Ltd), NewGold Issuer (RF) Limited, NewGold Managers Pty (Ltd) and NewFunds Pty (Ltd). With over 11 years’ experience in the structuring and management of ETFs. Michael has been instrumental and played a leading role in the successful introduction of two flagship ETF’s in the market including NewPlat and New Palladium. He also played a critical role in bringing other non-commodity listed products in both South African and other African markets.

Before being appointed director of NewGold Issuer (RF) Limited, NewGold Managers Pty (Ltd) and NewFunds Pty (Ltd), Michael served as a director in various other entities and he currently serves in the Investment Committee member for Roads and Freight Industry.