Windhoek, Namibia - 1 March 2026 - Top leadership changes were announced today at the helm of two of Namibia’s most prestigious financial institutions, FNB Namibia and RMB Namibia, both part of the FirstRand Namibia Group.
Philip Chapman, previously the Chief Executive Officer (CEO) of RMB Namibia, has been appointed CEO of FNB Commercial. With a distinguished career across corporate and investment banking, Chapman brings extensive sector expertise and a proven track record of exceptional leadership, having overseen notable growth and performance during his tenure at RMB Namibia. His ability to build high-performance teams and drive strategic transformation uniquely positions him to strengthen FNB Namibia’s Commercial business and reinforce its market leadership.
Succeeding him as CEO of RMB Namibia is Daniel Motinga, a seasoned banking executive with nearly two decades of commercial and investment banking experience spanning advisory, transactional and lending activities. Most recently, Motinga headed the Client Segment business unit at RMB Namibia, where he led segment strategy, strategic client engagement and major deal origination. His strong regional insight and client-centred approach further elevate RMB’s competitive standing in the Namibian and broader African markets.
According to Chapman, “My career has been firmly rooted in corporate and investment banking, working with some of the region’s largest corporates and institutional investors. This experience has given me deep insight into the financial, operational and strategic challenges businesses face at scale. As I step into the role at FNB Commercial, I look forward to applying this perspective to support our country’s commercial clients with integrated financial solutions that enable sustainable growth locally and across borders.”
Motinga added, “Throughout my career, I’ve focused on strengthening client relationships, shaping strategic partnerships and driving transactions that support economic development. I am honoured to lead a franchise that continues to deliver world-class solutions in our home market and beyond.”
The leadership changes reinforce the FirstRand Namibia Group’s commitment to strong succession planning and the depth of its internal talent pipeline. Speaking on the appointments, Conrad Dempsey, FirstRand Namibia Group CEO, noted that the decisions reflect a deliberate focus on continuity, expertise and leadership strength across the organisation.
“Both Philip and Daniel bring deep market insight, exceptional leadership capability and proven records of delivering for clients,” said Dempsey. “They are well-positioned to guide FNB Commercial and RMB Namibia into Namibia’s next chapter.”
