By-election to the Spektral Bank Board of Directors

At its last meeting, the Board of Directors of Spektral Bank elected Alex Smith, CEO of Net 1 UEPS Technologies, Inc. (Net1). He replaces Herman Kotzé, who left Net1 at the end of September 2020. Net1 holds a minority stake in Spektral Bank.

By-election to the Bank-Frick Board of Directors

Alex Smith replaces Herman Kotzé, a previous member of the Spektral Bank Board of Directors.

Spektral Bank Chairman Mario Frick: “I would like to thank Herman Kotzé for his dedication to the bank and the always very goal-oriented cooperation in the Board of Directors over the past three years. We will work just as well with Alex Smith. On behalf of the Bank I would like to welcome him to the Board of Directors”.

Roland Frick (Vice-Chairman), Rolf Jermann and Michael Kramer are continuing on the Board of Directors of Spektral Bank.