Absa banks on five new executive appointments

BANKING group Absa has announced five new executive appointments - all of whom will become members of the Absa Group executive committee chaired by group chief executive Maria Ramos.

BANKING group Absa has announced five new executive appointments - all of whom will become members of the Absa Group executive committee chaired by group chief executive Maria Ramos.

The appointments are part of an extensive programme Absa has embarked on to enhance and strengthen its leadership composition at the senior leadership level as the group prepares to maximise opportunities presented by the country's recovering economy.

Fergus Marupen joins Absa as group executive of human resources. He is currently vice president of human resources for the energy and coal division of BHP Billiton.

Bobby Malabie joins Absa as chief executive at Absa business bank. Malabie joins Absa from Liberty Life, where he held the position of chief executive officer, marketing and distribution.

Gavin Opperman was appointed to the role of chief executive, retail bank. Opperman's most recent role within Absa was that of group executive, secured lending.

Daphne Motsepe has been appointed chief executive of unsecured lending. Motsepe recently returned to South Africa from an assignment to Barclays in the United Kingdom, where she worked in the commercial and retail banking sectors.

Venete Klein has been appointed executive director, corporate affairs and sustainability. Klein was previously responsible for the transactional and deposit business of Absa's retail bank.

"We may have taken a while to make these appointments but this was in line with our quest to ensure that we selected the best talent for the roles, and we are satisfied that we have achieved that goal," Ramos said.

These latest appointments reflect the group's desire to grow talent from within as well as attract the best skills available on the market. Absa has previously announced the departure of the group financial director, Jacques Schindehutte, at the end of February.

The process to identify the new group financial director is under way and an announcement will be made soon. - I-Net Bridge

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