WUC Pension Fund Seeks Independent Trustee
staff writer | Monday June 22, 2026 12:44
ADVERTISEMENT FOR AN INDEPENDENT TRUSTEE
The Trustees of the Water Utilities Corporation Pension Fund (“the Fund”) are in the process of appointing a qualified and
experienced individual to serve on the Fund as an Independent Trustee.
The Fund is a Defined Contribution pension fund which is registered and approved by the Non-Bank Financial Institutions
Regulatory Authority (NBFIRA) and the Botswana Unified Revenue Service.
The qualification criteria in respect of the candidates for the above vacancies are as follows:
• A degree, preferably a master’s degree in Investment Management, Risk Management, Actuarial Science, Chartered
Alternative Investment Analyst (CAIA) or Chartered Financial Analyst (CFA);
• Certificate/Qualification in Retirement or Insurance;
• Must have experience as a Trustee which is not limited to a certain field related to retirement funds;
• A minimum of seven years’ managerial experience in the financial service sector, preferably specific experience in
retirement funds sector;
• Must have experience as a Chairperson of any Board;
• Basic knowledge of the NBFIRA Act, Retirement Funds Act, Trust Act and any other relevant Acts;
• Must have sound knowledge of corporate governance;
• Must have good communication skills as well as the required time and commitment to fulfil the role; and
• Cannot be an employee, agent or shareholder to any service provider of the sponsoring Employer, including their
subsidiaries and related entities.
The duties and responsibilities of the Independent Trustee will be the same as those of the Trustees of the Fund,
including the following:
•
Inform the Regulatory Authority, in writing, of any information relating to the affairs of the Fund, which in their
opinion may seriously prejudice the financial soundness of the Fund or its Members as soon as the Trustee becomes
aware of any such information;
• Act independently and exercise their powers in a manner that is impartial and not influenced by inappropriate
considerations;
•
Ensure that the Fund is financially sound, responsibly managed and governed in accordance with its Rules and the
applicable legislation; and
• Ensure that adequate and appropriate information is communicated to the Members and beneficiaries informing
them of their rights, duties and benefits in relation to the Fund.
Qualified candidates are to submit their detailed curriculum vitaes with a covering letter to one of the following, with a
clearly marked heading “WUCPF – Independent Trustee 2026” no later than 3 July 2026.
LSento@wuc.bw, AWilliams@WUC.BW, mogotsimas@alexforbes.com
and motlhankaj@alexforbes.com
+267 365 1928/398 3929
Ms Masego Mogotsi, Mr Joseph Motlhanka
E-mail Submissions Contact No Contact Person Shortlisted candidates will be contacted no later than 15/07/2026. The appointed candidate will be required to undergo
the NBFIRA vetting process and satisfy fit and proper rules.