05 Dec 2018 / WCOA 2018
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Founder and Chief Executive Officer - Montegray Capital; Co-Founder - Bank Zero
Pioneer of disruptive digital-only bank, Bank Zero
Michael stepped down as CEO of First National Bank (FNB), one of SA’s largest banks with a customer base of nearly nine million in 2013, to pursue his passion for entrepreneurship.
He heads a private investment company, Montegray Capital and has a strategic role in his 21 start-up investments which range from the new datadriven mobile network Rain to the algorithmic investment fund NMRQL.
Michael co-founded and chairs the new digital-only bank, Bank Zero, to be launched in South Africa.
With more than 20 years’ experience in the financial services sector and nearly a decade at the helm of the Bank, Michael oversaw the move away from traditional banking, and led FNB to be named the “World’s Most Innovative Bank” in 2012.
He was the 2013 Sunday Times Business Leader Award winner and in 2014 was awarded CNBC The All Africa Business Leader of the Year Award.