Gaborone: De Beers has appointed Nimesh Patel as chief financial officer, succeeding Gareth Mostyn who will become executive head of strategy and corporate affairs in the new year.

Patel was previously group head of corporate finance at De Beers parent company Anglo American. Prior to this, he spent 15 years in investment banking at JP Morgan and as a managing director at UBS, according to a De Beers statement December 7.

“Having been closely involved with De Beers for a number of years in my previous role, I look forward to working with [De Beers chief executive officer] Philippe [Mellier], the executive team and our many partners and stakeholders as we deliver on our strategy and continue to play a leading role in the industry,” Patel said.

Mellier said Patel has a “strong track record of working in senior finance roles in large, complex organizations.”