UPDATE 1-S.Africa's Absa appoints former central bank deputy governor as CEO [Reuters (UK)]
ABSA GROUP LTD S/ADR (AGRPY)
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Source: Reuters
UPDATE 1-S.Africa's Absa appoints former central bank deputy governor as CEO - Reuters 2 Min Read (Adds quotes, background) JOHANNESBURG, Jan 6 (Reuters) - South African lender Absa said on Monday it had appointed former central bank deputy governor Daniel Mminele as Group Chief Executive, effective Jan. 15. Mminele, who retired as second-in-command at the central bank in June 2019, will be Absa’s first black chief executive. Mminele will take over from RenAŠ van Wyk, who has headed the bank on an interim basis since long-time Absa boss Maria Ramos, at the helm when Britain’s Barclays exited an 11-year controlling stake in 2017, retired earlier last year. Absa Group Chairman Wendy Lucas-Bull said that Mminele’s skills and global perspective makes him a suitable leader to drive the bank’s focus on long-term digitally-led growth across its markets. “In terms of his starting point, Daniel will want to assess where we are in implementing that strategy and assess how he can play a role in
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