DUNCAN Wattam has been promoted to Chief Financial Officer for Standard Bank Offshore Group.
Mr Wattam, who will be based in Jersey, takes over responsibility from Julian Davies for the finance functions of the Bank’s Offshore Group and private clients business in South Africa. Meanwhile Mr Davies has moved to the Bank’s Brazil office to take over as Chief Operating Officer for the Americas.
Joining Standard Bank in 2005 as part of the Finance Team, Mr Wattam moved a year later into the treasury and product team as the structured products manager. Since June 2007 he has been business manager for the Offshore Group’s Chief Executive, primarily focussing on strategy and corporate finance type activities. He was appointed Director in April 2009.
The Group Chief Executive of Standard Bank Offshore, Ian Gibson, said: “Duncan’s promotion to CFO is a natural progression for him as he has gained experience across the business and we are delighted with this very positive appointment. With Duncan on board as CFO we are well equipped to manage the ongoing expansion of our wealth business. In recent years we have developed our private client capability and with the Group’s focus on emerging markets, we are predicting strong growth during 2010.”
Mr Wattam was educated in South Africa, matriculating at Michaelhouse, gaining a bachelor of commerce finance degree at the University of Stellenbosch and a postgraduate honours degree in finance at the University of Natal. He later qualified as a chartered accountant in Johannesburg.
Mr Wattam has lived in Jersey since 2005. He is 32, married and lives in St Brelade.
