Nambawan Super Limited Board, Management and staff would like to pay tribute to the life of Late Sir Henry ToRobert as the First Governor of the Bank of Papua New Guinea and longest serving Governor in the Commonwealth of Nations.
Nambawan Super Chief Executive Officer, Paul Sayer said the country has lost a financial icon, a man who devoted most of his working life to the development and reformation of the financial sector in Papua New Guinea.
Mr Sayer said Nambawan Super values and appreciates Late Sir Henry ToRoberts commitment in establishing the Bank of Papua New Guinea as a reputable institution in managing the affairs of the nation and contributing overwhelmingly to development of the financial industry.
The Late Sir Henry ToRobert’s career began in 1967 with the Reserve Bank of Australia as an Economic Research Officer. Sir Henry was involved in the formative changes that saw the Central Bank established, in the lead up to Independence and was appointed the first Governor.
Under his reign as the Governor of the Bank of Papua New Guinea, the country’s currency (Kina and Toea) was introduced in 1975. The new Bank of Papua New Guinea building was also named after him in 1991.
These clearly portrays an act of a man who had the passion for financial development for Papua New Guinea. It is known that the Late Sir Henry was knighted at the age of 39 years after a recommendation by Sir Julius Chan, the then Prime Minister.
On the 30th of July 1993 Sir Henry left the Bank of Papua New Guinea to take up partnership in Government Accounts and Banking at the Port Moresby Office of Deloitte Touche Tohmastu.
Nambawan Super acknowledges Sir Henry ToRobert’s efforts in making compulsory Superannuation Contributions for both the Employee (6%) and the Employer (8.4%) under the Superannuation General Provisions Act.
Nambawan Super manages the superannuation funds totalling K6.8 billion for over 185,000 members and continues to grow from both the private and public sectors.