Noluntu Bam is new Financial Services ombudsman

Noluntu Bam has been appointed by the Financial Services Board to take over from Charles Pillai as the Financial Advisory and Intermediary Services (FAIS) Ombud.

In a statement, the office of the Ombud said Pillai had been appointed by Finance Minister Pravin Gordhan as Pension Funds Adjudicator.

For the past three years Bam was Deputy Ombud, “responsible for many of the decisions that set the tone and direction of the institution that is already firmly established within the financial services sector,” the statement added.