Banking Committee



The growing demand for the actuarial skills set has seen the number of actuaries and actuarial students in the banking environment grow significantly. The Banking committee was established to consider the current and future actuarial involvement in banking


The committee has set the following main objectives:

  • Consider, from the point of view of the actuarial profession, matters relating to Banking.
  • Advise the actuarial profession on all matters relating to Banking related activities.
  • Lead in the development of educational material and professional guidance for actuaries
  • Engage in research, which provides further insights into Banking.
  • Provide quality sessional meetings, at least three times a year

Committee members

The committee consists of actuaries working in core banking activities and appropriate representatives from SAICA, the SARB, the Registrar of Banks, SAVCA or a private equity firm or company specialising in mergers and acquisitions as well as from the Banking Association of South Africa.

The committee members are as follows: 


  Committe member   
   Position Company                               
Michael Tichareva
National Standard
Ania Botha
Deputy Chair
Richardt Hechter Secretary Discovery
Pravin Burra
  Standard Bank 
Alastair Bye
Niel Fourie
Simon Greenberg
Jihad Haveri
  Kagiso AM
Kuda Mupandawana
Motlatsi Mutlanyane


Gerber Schnetler
Rolf van den Heever 
  ABSA Capital


The committee maintains minutes of its meetings and presents quarterly reports to Council. For information on these, contact Niel Fourie: nfourie@actuarialsociety.org.za

Contact information

Michael Tichareva:  michael@tich-icg.co.za
Ania Botha:  Ania.Botha@kpmg.co.za
Richardt Hechter: RichardtH@Discovery.co.za

Useful links

Please refer to the Practice Area Activities for details on committee activities and events.

Visit the past presentations page for Banking and Finance papers and presentations from past professional events of the Actuarial Society.

Relevant documents

Terms of reference