Former secret service head Mo Shaik has been appointed as chief executive of the Development Bank International, which will soon be launched as a subsidiary of the Development Bank of Southern Africa (DBSA), the bank has announced.<\/p>\n
Shaik had the appropriate skills and background for the position, which would involve working with development finance institutions of Brazil, Russia, India and China, DBSA chairman Jabu Moleketi said in a statement on Tuesday.<\/p>\n
“Shaik’s experience in the field of international relations and diplomatic intelligence will be an added boost for this new subsidiary…,” he said.<\/p>\n
“We have no doubt that his prudent expertise will facilitate South Africa’s investments in the rest of Africa.”<\/p>\n
Shaik holds degrees in computer science and a masters degree in optometry. He has also completed an advanced management programme at the Harvard Business School in the United States.<\/p>\n
He has served as chief executive of CorpAfrica, South African consul general in Germany, and as South African ambassador to the Democratic Republic of Algeria.<\/p>\n
He was also a special adviser to former Foreign Affairs Minister Nkosazana Dlamini-Zuma, head of policy research for the same department and head of secret services at the state security ministry.<\/p>\n
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