PMT (Tim) Masela was appointed as Head of the National Payment System Department in August 2012, having joined the Bank in July 1994. He also chairs the Payment System Subcommittee of the Southern African Development Community Committee of Central Bank Governors. In addition, he represents the SARB on both the Bank for International Settlements Committee on Payments and Market Infrastructures and the Continuous Linked Settlement Oversight Committee chaired by the Federal Reserve Bank of New York. He holds Master of Commerce and Bachelor of Commerce degrees and a Graduate Diploma in Computer Auditing and has completed a senior executive programme at Harvard University.
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