Oduetse A. Motshidisi is one of the most decorated financial services professionals whose journey in Botswana’s financial services sector speaks for itself.
Motshidisi is leading the implementation of the Authority’s mandate to contribute to the stability of Botswana’s financial system through the efficient and effective regulation and supervision of the non-bank financial institutions sector in accordance with international best practice. Motshidisi has an illustrious career in the financial services sector, as well as a reputation within the industry for his leadership abilities which are synonymous with a solid track record of achieving organisational goals.
A specialist in foreign exchange reserves management, his career at the Bank of Botswana culminated with him serving as one of the deputy governors for 15 years where he oversaw strategic central banking matters, management of the Central Bank, and providing policy advice to the Government of Botswana on key economic and financial issues.
Furthermore, Motshidisi has served on various boards, including as Chairperson of Absa Botswana, Vice Chairperson of the Botswana Stock Exchange (BSE), Vice Chairperson of the Botswana Institute for Development Policy Analysis (BIDPA) and was a founding member of the International Forum of Sovereign Wealth Funds.
Among other qualifications, Motshidisi holds a Master’s from the University of Wisconsin-Madison (USA). His experience in the banking sector in various executive and leadership capacities has provided him with sound understanding of the unique dynamics and interconnectedness of the non-banking and the banking sectors with regard to, inter alia, market vulnerabilities, risks, ecosystems and policy positions.
The banking and non-banking sectors are of equal significance in size and are comparable in terms of market share. For example, according to NBFIRA’s 2021 Annual Report, the non-banking sector had assets worth P129 billion, which accounted for 54 percent of the financial sector’s assets, with the balance held by the banking sector.
The Authority currently regulates in excess of 780 entities, therefore, even though there is some congruence in terms of market share, there is great divergence regarding market players and industries. The CEO, therefore, brings formidable talent and understanding of regulatory matters to his role, as well as contributions to policy making forums such as the Financial Stability Council.
