Michael Mgwaba is the Head of Exchange Traded Products business at Absa’s Corporate and Investment Banking division. His business area originates exchange traded products (ETFs and ETNs) and is the largest ETF originator in the South African market and in Africa. Additional offerings include index-based investor products for institutional and retail clients.
Michael has played a significant role in the development of ETF market in South Africa, as well as in the development of several pioneering products in the South African market, most notably the NewPlat and NewPalladium ETFs. This includes the secondary listing of NewGold ETFs in various African Exchanges.
Michael serves as the executive director of NewFunds (Pty) Limited, an FSCA registered Collective Investment Scheme hosting Absa’s ETFs, a director of NewGold Issuer(RF) Limited, as well as a director of other companies and member of Investment Committee for the NBCRFLI, an SA government entity.
His qualifications include a Bachelor of Commerce degree in Accounting from the University of Natal (Durban), as well as a Honors degree in Accounting and Certificate of Theory in Accounting (CTA) from the same institution. In 2012 he was accepted a Member of South African Institute of Stock Brokers. In 2015 he obtained the International Executive Development Program certificates with GIBS business School and New York Stern Business School. He is a member of the Institute of Directors in Southern Africa (IoDSA). He is an ABSIP Multi Asset Manager of the Year 2013.