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Leslie Maasdorp

Vice President , New Development Bank (NDB), BRICS Bank

Leslie Maasdorp
Leslie Maasdorp

Leslie Maasdorp is representing South Africa as vice-president of BRICS New Development Bank (NDB).

Before his appointment at the BRICS bank, Leslie was appointed by the Board of ADvTECH as Chief Executive Officer.

From 2009 until his appointment as CEO in 2014, he served as independent non-executive Chairman of ADvTECH. He has more than 25 years’ experience in economic policy making, corporate strategy and investment banking. Over this period, he has occupied senior leadership positions in both public and private sectors. In 1994, after the transition to democracy, he was appointed as Special Adviser to the Minister of Labour, Mr Tito Mboweni.  In 1999, he was appointed by Cabinet as Deputy Director General and head of restructuring for the Department of Public Enterprises. In this role he led the restructuring and privatisation of large state owned enterprises. After leaving the public sector in 2002, Leslie was the first African to be appointed as international adviser to Goldman Sachs. He played a leading role in cross border mergers and acquisitions during his investment banking career. In 2006 he was appointed as Managing Director and Vice Chairman of Barclays Capital and their local subsidiary, Absa Capital. In 2011 he was appointed as President of Bank of America Merrill Lynch for Southern Africa leading the bank’s efforts to build its African franchise. In July 2014, he resigned from this role to take over his current role as CEO of ADvTECH.

He holds a BA degree in Economics and Psychology from the University of the Western Cape and a MSc degree in Economics from SOAS, University of London. In 2007 he was designated as a young global leader by the World Economic Forum. He is the Chairman of the Rhodes Trust Scholarship Committee for four provinces in South Africa, namely Gauteng, North West, Limpopo and Mpumalanga.  He serves as a Director of the Soros Economic Development Fund, a $250m social investment fund created and funded by George Soros.  He is also a Director of HCI, a BEE investment holding company, which has significant holdings in gaming and media in South Africa.

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