Absa’s appointment as master custodian for the Government Employees Pension Fund marks a significant development in South Africa’s pension landscape.
Michael Avery is joined by Hazel Khumalo, managing executive, pan-Africa sales, investor services at Absa CIB, to unpack what the mandate means and how the role of custody has evolved beyond simply safeguarding assets. They explore the growing importance of independent oversight as pension funds expanded into private and cross-border investments, as well as the role of local expertise, pension reform and emerging technology in shaping the future of custody in Africa.