Lwazi Bam Joins MTN Group as Chief Risk Officer Amid Digital Expansion

Standard Bank’s governance heavyweight Lwazi Bam has stepped into a pivotal new role at MTN Group as Group Chief Risk Officer, effective today, June 1, 2026, marking a strategic leadership shift as Africa’s largest telecom operator sharpens its risk framework amid rapid digital expansion.

Standard Bank Group’s remuneration committee chair and lead independent director joins MTN Group’s executive ranks as the company accelerates its Ambition 2030 strategy focused on fintech growth, digital infrastructure and financial inclusion across more than 20 markets.

Bam’s cross-sector experience across Deloitte, banking governance, and corporate boards positions him at the centre of rising convergence between telecoms and financial services, where risk management, compliance, and capital discipline are critical.

For MTN Group, expanding mobile money, enterprise solutions, and digital ecosystems, the move signals a stronger push toward banking-grade oversight as cybersecurity and regulatory pressures intensify.

His appointment reflects a broader shift toward governance-led leadership in African corporates navigating complex multi-market growth.

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#telecom leadership #risk management #fintech growth #digital expansion #corporate governance