September 24, 2023

Experienced Jugoo Appointed As Ithala’s Head Of Credit And Collections

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Her career started at UKZN as a lecturer before entering the auditing world.

FILE PHOTO: Newly appointed head of credit and collections, Ms Rikshana Jugoo. PICTURE: Supplied

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DURBAN: Jugoo later joined Ernst & Young in London, gaining valuable international exposure.

Financial services provider, Ithala SOC Limited, has appointed Rikshana Jugoo as Head of Credit and Collections, effective immediately.

In a statement issued by Ithala SOC Limited, the bank said at the centre of its strategy is the focus on strengthening governance structures, regulatory compliance, and appointing executives with requisite banking experience.

Jugoo is not new in the financial industry, she has a Bachelor of Science in Accounting, Audit, Taxation, and Management Accounting from the University of KwaZulu-Natal (UKZN) and qualified as a Chartered Accountant after completing her articles at EY in 2006.

She has amassed more than 15 years of banking and auditing experience, entailing risk management and regulatory reporting. Her career started at UKZN as a lecturer before entering the auditing world.

Jugoo later joined Ernst & Young in London, gaining valuable international exposure.

She moved to Standard Bank in Johannesburg as finance manager before being seconded to the Credit and Portfolio Management Analyst position – which she was later permanently appointed to.

In the five years at Standard Bank, she harnessed strong credit risk knowledge and understanding of the banking balance sheet in terms of advanced and foundation internal-ratings-based approach.

After her sterling career at Standard Bank, she later joined Old Mutual as the Head of Group Credit Oversight before joining Capitec Bank as the Head of Credit Reporting and Governance and Head of Operational Risk – a position she held before being appointed by Ithala SOC Limited.

While the emphasis in her career has been on risk, audit, and management, she has also had exposure to global businesses and stakeholder relations.

Speaking on the appointment of Jugoo, the Chief Executive of Ithala SOC Limited Dr. Thulani Vilakazi said: “Our governance structure has grown from strength to strength with filing the key positions.

“Ms. Rikshana Jugoo brings a wealth of experience to our organisation. Her impressive career and international credit systems exposure will give Ithala the edge in the financial industry,” he added.

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