Headshot of Fulvio Tonelli, Independent Non-Executive Director at Absa Group.
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board and management Independent directors Non-executive directors

board and management Independent directors Non-executive directors

Fulvio joined the Absa Group Limited board as a non-independent non-executive director on 1 July 2020.
He became an independent non-executive director on 1 July 2023. He was appointed to the Absa Bank Board on 1 July 2026.

He is the Chairman of the Group Audit and Compliance Committee (GACC) and a member of the Group Credit Risk Committee (GCRC), Group Risk and Capital Management Committee (GRCMC), Directors’ Affairs Committee (DAC), and Social, Sustainability and Ethics Committee (SSEC).
He is also a non-executive director of Absa Bank Kenya Plc.
Fulvio was, until the end of June 2019, the Chief Operating Officer at PwC Africa and a member of the firm’s leadership team.
In this role, he assisted in the delivery of the firm’s strategic direction and was also responsible for the effective operation of the firm’s risk management, finance, information technology and other internal firm services.
Fulvio retired from PwC in June 2020 having joined PwC in July 1987.
Prior to that he completed his articles at Deloitte.

He also served as the Chairman of the Independent Regulatory Board for Auditors (IRBA) until 31 July 2026.
Fulvio is an independent non-executive director of the Equites Property Fund Limited, Life Healthcare Group Holdings Limited and The Ethics Institute.

Qualifications: B Com (Hons), CA (SA).

Fulvio joined the Absa Group Limited board as a non-independent non-executive director on 1 July 2020.
He became an independent non-executive director on 1 July 2023. He was appointed to the Absa Bank Board on 1 July 2026.

He is the Chairman of the Group Audit and Compliance Committee (GACC) and a member of the Group Credit Risk Committee (GCRC), Group Risk and Capital Management Committee (GRCMC), Directors’ Affairs Committee (DAC), and Social, Sustainability and Ethics Committee (SSEC).
He is also a non-executive director of Absa Bank Kenya Plc.
Fulvio was, until the end of June 2019, the Chief Operating Officer at PwC Africa and a member of the firm’s leadership team.
In this role, he assisted in the delivery of the firm’s strategic direction and was also responsible for the effective operation of the firm’s risk management, finance, information technology and other internal firm services.
Fulvio retired from PwC in June 2020 having joined PwC in July 1987.
Prior to that he completed his articles at Deloitte.

He also served as the Chairman of the Independent Regulatory Board for Auditors (IRBA) until 31 July 2026.
Fulvio is an independent non-executive director of the Equites Property Fund Limited, Life Healthcare Group Holdings Limited and The Ethics Institute.

Qualifications: B Com (Hons), CA (SA).