Former Development Bank of Namibia's (DBN) Chief Executive Officer, Martin Inkumbi, has been appointed CEO of the Government Institutions Pensions Fund (GIPF), effective January 15, 2024.

Inkumbi has over 26 years of experience in various sectors, namely banking, economic research, corporate finance, developmental finance, and business strategy.

GIPF, in a statement, said Inkumbi has a proven track record of leading major companies in Namibia, having steered the Development Bank of Namibia for a decade and served at executive levels for the Bank of Namibia and the First National Bank of Namibia.

It says his leadership ability at the apex of leading financial institutions positions him well to lead the Fund to heightened innovation and growth while guarding and protecting the interests of the Fund's valued members.

The Board of Trustees expressed their satisfaction with Inkumbi's appointment, saying he possesses the necessary visionary leadership acumen and expertise, making him the ideal candidate to guard and grow the fund.