He joins as MTN accelerates its Ambition 2030 strategy which focuses on fintech growth, digital infrastructure and financial inclusion across more than 20 markets
Via an Instagram post, MTN announced that Standard Bank’s former governance heavyweight has joined it ranks. Lwazi Bam’s new role is at MTN Group is Group Chief Risk Officer, effective from the start of June. The post said this is “marking strategic leadership shift as Africa’s largest telecom operator sharpens its risk framework amid rapid digital expansion”.
Bam joins the MTN Group as the company “accelerates its Ambition 2030 strategy focused on fintech growth, digital infrastructure and financial inclusion across 20+ markets”. His appointment reflects a broader shift toward governance-led leadership in African corporates navigating complex multi-market growth.
He has experience of other sectors including Deloitte, banking governance and corporate board. Apparently this positions him at the centre of growing convergence between telecoms and financial services, where risk management, compliance and capital discipline are critical.
For MTN Group, expanding mobile money, enterprise solutions, and digital ecosystems, the move signals a stronger push toward banking-grade oversight as cybersecurity and regulatory pressures intensify.
