The board of directors of Pointbreak has confirmed the appointment of Josephat Mwatotele as chief executive officer of the Pointbreak Group, as of April 1.
Mwatotele assumed executive responsibility of Stimulus in 2014 to replace the operational role of First Lady Monica Geingos and was at the same time appointed as a director on the Pointbreak board.
According to former managing director of Stimulus and Pointbreak executive director Monica Geingos: “Josephat has a strong track-record in investment management and a proven ability to drive innovation and growth. This combination, together with his people-centric approach, make him uniquely suited to lead a diversified, forward-thinking financial services group.”
“I’m excited about the opportunity to lead the Group to the next level of growth and the many possibilities that lie ahead of us,” said Mwatotele.
“Pointbreak, with its experienced, professional and energetic team, is well-positioned to tap new opportunities during this time of financial innovation and technological change. It is truly a privilege to be part of the Pointbreak team and I certainly look forward to embark on this exciting journey,” he added.
Prior to Pointbreak, Mwatotele served as the founder and executive chairman of Destiny Investment Group, a private investment firm founded by Namibian private investors. He is married to Selma and they have three children.
He holds a Bachelor’s degree in economics and a Master’s degree in strategic studies from Dana College and the University of Lancaster, respectively.
Pointbreak, which was founded in 1999 is a Namibian investment management group with its head office in Windhoek and offices in Swakopmund and Cape Town. The Group manages N$7.5 billion in third party capital. Pointbreak Wealth Management provides a range of financial services to over 3 000 private Namibian clients.
The Pointbreak Group also holds a majority stake in EBank Limited.