SELMA Kapeng has been the Head of Global Markets at RMB Namibia since 2015 and manages a competent team that assists clients to manage, understand, measure and account for risk exposure in the global financial market.
Selma: “The sphere of operations is ever changing and thus, there is immense pressure on the team to offer hedging solutions. We deal with the risk areas of foreign exchange, interest rates and commodity exposures. In addition to these offerings, competencies are extended to advice, structure and create new products to assist clients in managing their specific exposure in financial markets. It is for this reason that entities consider hedging their exposures, ensuring budget certainty and protecting themselves against catastrophic events.” Selma added that only last year, approximately N$82.5 billion worth of Namibian trades (trading with the rest of the world) were exposed to foreign currency risk. Importers are adversely exposed to the probability of the foreign currency strengthening, which translates into needing more of the local currency to pay for imports. On the other hand, exporters are adversely exposed to the local currency strengthening, resulting in receiving less of the local currency for foreign sales. In addition, the GM team is actively trading in fixed income market, whereby we sell and buys Fixed Income instruments to our clients. Selma began her career as an accountant in various Namibian state owned enterprises and with further studies in B. Comm (Hons) in Financial Analysis and Portfolio Management at the University of Cape Town her career took her to the Financial Markets Industry. “To broaden my knowledge in Financial Markets I obtained both the ACI Dealing and Operations Certificates. These certificates are recognized worldwide and attest to the holder’s mastery of the fundamental instruments and structures of a modern treasury. I was later promoted to the position of Senior Investment officer at BoN before joining the great FNB as Head of the Funding Desk.”
About her job Selma says: “operating in a rapidly changing environment can be challenging. Recent volatility in financial markets has been event driven, despite this we need to keep abreast of market developments to understand the possible risks our clients could be exposed to.
My advice to fellow women – We are equally competent and organisations are realising that. Push your boundaries, optimise the opportunities in your sphere of operation and keep reinventing yourself.
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