Independent Non-Executive Director
Nationality: South African
Year of birth: 1964
Mr Masilela was appointed to the Board of Directors on 01 October 2019. He qualifies as an independent non-executive director. The Board has appointed him as an expert in life insurance, general insurance and empowerment.
He is currently Executive Chairman of DNA Economics, Commissioner of the 1st & 2nd National Planning Commission, and Chairman of several influential entities in South Africa, namely V&A Waterfront, Absa Asset Management and Capital Harvest. He has recently taken up the chairpersonship of the National Task Force on Impact Investing in South Africa.
He is a member of the Boards of the MultiChoice Group, MultiChoice SA, Alternative Prosperity Holdings, Future Planet Capital in London, Strate, Absa Financial Services as well as the Eskom Pension and Provident Fund.
Previously, he was CEO of the PIC, Head of Policy Analysis at Sanlam, Acting Deputy Director-General of Economic Policy in the National Treasury, and Director of Research for the Central Bank of Swaziland. He was also a member of the Boards of the South African Reserve Bank, the Government Employee Pension Fund, the Airports Company SA, as well as the UN Global Compact (UNGC). He was also Chairman of the SA Local Network. Until recently, he was Chairman of Economic Research Southern Africa and member of the Avior Capital Markets Board.
Mr Masilela is the founder of many initiatives such as the Financial Sector Charter Council, Social Security and Retirement Reform, UNGC Africa Implementation Agenda for the SDGs and the Ratepayers Association network in Swaziland, amongst others.
He has published and lectured widely and he is a public speaker and commentator.
Mr Masilela has won the Top 40 of Alan Paton Award in 2007 and ranked as the 14th influential player for the Sovereign Wealth Funds Institute, 2013. His most recent book, entitled Larry, Simply Larry, September 2018, is changing lives.
He holds a BA Degree in Social Sciences from the University of Swaziland, MSc in Economic Policy and Analysis from Addis Ababa University as well as several professional certificates from Harvard University.