PORT MORESBY, February 21, 2019: After an international search Nambawan Super has announced the appointment of Mr Dominic Beange, as Chief Investment Officer (CIO).

Since 2011 Mr Beange has held senior positions in PNG with Kina Funds Management Limited and Kumul Consolidated Holdings and has consulted and advised Credit Corporation (PNG) Limited, and Nasfund.

In welcoming Mr Beange, Mr Paul Sayer CEO Nambawan Super said the Fund was fortunate to have secured an experienced CIO, and that the benefits of Mr Beange’s technical experience and understanding of the operating environment were already benefiting the team.

“Mr Beange is already working closely with the team to ensure the Fund will maintain solid investment returns to members,”

“Further he has implemented staff development programs to improve the skills and qualifications of our staff,” Mr Sayer said.

Mr Beange admitted to having a passion for developing the skills of his team and personal satisfaction in seeing how former PNG colleagues have progressed into senior roles across PNG’s financial sector.

“Namabawan Super is committed to growing the skills and capability of our team, developing a better skilled and equipped workforce to lead the Fund into the future,” Mr Sayer said.

“Mr Beange’s track record in this area is another win for the fund.”

In addition to his work in PNG, Mr Beange held a range of positions in the Middle East including Head of Investments and Treasury for the Commercial Bank of Qatar, Head of Brokerage and Investments for the Dlala Brokerage and Investment Holding Company in Qatar, Head of Investments for Doha bank, Qatar. Prior to this Mr Beange spent 18 years trading securities and advising clients with Commonwealth Bank of Australia, during which time he helped establish their stockbroking subsidiary Commonwealth Securities Limited

Mr Beange holds a Bachelor of Economics from the University of Sydney and is a Chartered Financial Analyst. He has more than 30-years of experience in all areas of Investment in Financial Institutions.

Nambawan Super manages superannuation funds of over K7 billion on behalf of 185,000 members from both the private and public sectors.

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MEDIA CONTACTS

 

In Port Moresby

Nambawan Super Limited

Morgana Prior

+675 3095207

mprior@nambawansuper.com.pg

Stella Bita

+675 3095293

sbita@nambawansuper.com.pg

Raymond Palangat

+675 3095236

rpalangat@nambawansuper.com.pg

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