SABRIC WELCOMES NEW CEO

The South African Banking Risk Information Centre (SABRIC) is delighted to welcome Nischal Mewalall, who today starts his tenure as CEO.

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

‘I have 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’, says former CEO, Kalyani Pillay.

Nischal joins SABRIC from his post as the head of Crime and Security Risk Management at First National Bank (FNB) where he was responsible for coordinating the detection and response to crime and security threats across the FirstRand group.

He started his career at the National Prosecuting Authority (NPA) as a prosecutor and subsequently spent 13 years at the Financial Intelligence Centre (FIC) leading the regulators Monitoring and Analysis division.

He has extensive experience in combatting money laundering and terrorist financing in South Africa through collaboration with law enforcement, prosecution services, tax and intelligence agencies.

Nischal has served on various public sector structures including the Anti-Corruption Task Team (ACTT) and was the deputy chair of the FICs Enforcement Tribunal. Prior to joining SABRIC, 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 is passionate about people as well as technological innovation to solve contemporary crime challenges using big data and artificial intelligence.

‘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’, says Nischal

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To arrange for interviews with SABRIC CEO, Nischal Mewalall, contact:

Louise van der Merwe

Tel: +27 11 847 3134

Cell: 082 070 5349

Email: [email protected]

Notes to Editors:

SABRIC is an NPF company formed by South African banks to support the banking industry in the combating of crime. SABRIC’s clients are South African banks and major CIT companies. Its principle business is to detect, prevent and reduce organised crime in the banking industry through effective public private partnerships. SABRIC co-ordinates inter-bank activities aimed at addressing organised bank related financial crime, violent crime and cybercrime, and acts as a nodal point between the banking industry and others, in respect of issues relating to these crimes. The creation of public awareness of various bank related crimes and educating the public on how to protect themselves is one of SABRIC’s key focus areas. For more on SABRIC visit www.sabric.co.za.