Independent directors

Alex Darko
Alex Darko

Independent Non-Executive Director

Colin Beggs
Colin Beggs

Independent Non-Executive Director

Daisy Naidoo
Daisy Naidoo

Independent Non-Executive Director

Francis Okomo Okello
Francis Okomo-Okello

Independent Non-Executive Director

Mark Merson
Mark Merson

Independent Non-Executive Director

Mohamed Husain
Mohamed Husain

Lead Independent Director

Sipho Pityana
Sipho Pityana

Independent Non-Executive Director

Tasneem Abdool-Samad
Tasneem Abdool-Samad

Independent Non-Executive Director

 

Wendy Lucas Bull
Wendy Lucas-Bull

Independent Non-Executive Chairman

Non-executive directors

Daniel Hodge
Daniel Hodge

Non-Executive Director

Executive directors

Rene van Wyk
René van Wyk

Group Chief Executive Officer

Jason Quinn
Jason Quinn

Group Financial Director

Peter Matlare
Peter Matlare

Deputy Chief Executive Officer: Absa Regional Operations 

Executive Committee

Arrie Rautenbach
Arrie Rautenbach

Chief Executive: Retail and Business Banking South Africa

August van Heerden
August van Heerden

Chief Risk Officer for Absa Group Limited

Bobby Malabie
Bobby Malabie

Group Executive: Brand and Corporate Relations 

Bongiwe Gangeni
Bongiwe Gangeni

Deputy Chief Executive Officer: Retail and Business Bank

Charles Russon
Charles Russon

Chief Executive: Corporate and Investment Bank

Charles Wheeler
Charles Wheeler

General Counsel and the Acting Head of Compliance

Jason Quinn
Jason Quinn

Group Financial Director

Nomkhita Nqweni
Nomkhita Nqweni

Chief Executive: Wealth, Investment Management and Insurance

Paul O'Flaherty
Paul O'Flaherty

Chief Executive: Engineering Services

Peter Matlare
Peter Matlare

Deputy Chief Executive Officer: Absa Regional Operations 

Rene van Wyk
René van Wyk

Group Chief Executive Officer

Dr. Roze Phillips
Dr. Roze Phillips

Group Executive: People and Culture

Alex Darko

Independent non-executive director

Alex Darko (66)

Independent Non-Executive Director

Alex joined the board as an independent non-executive director in 2014 and is a member of the Group Audit and Compliance Committee (GACC), Directors’ Affairs Committee (DAC), Separation Oversight Committee (SC), chairman of the Group Remuneration Committee (RemCo) and of the Information Technology Committee (ITC). Alex was appointed as an independent non-executive director of Absa Bank Limited with effect from 15 May 2019.

Alex held a number of senior positions at Dun & Bradstreet, including director of UK shared services, director of finance at Dun & Bradstreet Europe Ltd and head of accounting re-engineering. He later moved back to Ghana and worked for Ashanti Goldfields in a number of senior roles. Alex was vice-president, knowledge and information at AngloGold Ashanti from 2005 to 2010.

Alex is a director at Nkululeko Leadership Consulting where he advises organisations on leadership, culture, strategy and change management.

Qualifications: MSc (MIS); Fellow of Chartered Certified Accountants (FCCA).

Colin Beggs

Independent non-executive director

Colin Beggs (70)

Independent Non-Executive Director

Colin joined the board as an independent director in 2010. He is the chairman of the Group Audit and Compliance Committee (GACC) and is a member of the Group Risk and Capital Management Committee (GRCMC), Directors’ Affairs Committee (DAC), Separation Oversight Committee (SC) and Board Finance Committee (BFC). Colin is also an independent non-executive director of Absa Bank Limited.

Colin is the former senior partner and chief executive officer of PricewaterhouseCoopers (PwC) in Southern Africa and retired from that position in June 2009. He was also the chairman of the SAICA board in 2002/3 and was a member of the Accounting Practices Board.

He is also a non-executive director of Sasol Limited, SAB Zenzele Holdings Limited and the Ethics Institute of South Africa.

Qualifications: BCom (Hons), CA (SA).

Daisy Naidoo

Independent non-executive director

Daisy Naidoo (46)

Independent Non-Executive Director

Daisy joined the board as an independent non-executive director in 2016. She is a member of the Group Audit and Compliance Committee (GACC), Group Credit Risk Committee (GCRC), and Group Remuneration Committee (RemCo).

Daisy started her career in 1994 at Ernst & Young in Durban. She held various positions at South African Breweries, Deloitte and Sanlam Capital Markets, where she headed up the debt structuring unit between 2008 and 2010. Daisy is a non-executive director of Strate (Pty) Limited, Hudaco Industries Limited, Mr Price Group Limited and Anglo American Platinum Limited.

Qualifications: BCom; CA (SA); Masters in Accounting (Taxation).

Francis Okomo Okello

Independent non-executive director

Francis Okomo-Okello (69)

Independent Non-Executive Director

Francis joined the board as an independent director in 2014, and he is a member of the Social and Ethics Committee (SEC).

Francis is an Albert Parvin fellow of Woodrow Wilson School of Public and International Affairs, Princeton University, and a fellow of The Kenya Institute of Bankers. He is also an Advocate of the High Court of Kenya. He serves as chairman of TPS Eastern Africa Limited (Serena Group of Hotels and Lodges), and as a non-executive director of the Nation Media Group. Currently, Francis is the executive director in charge of legal and corporate affairs at Industrial Promotion Services Group of Companies, an affiliate of the Aga Khan Fund for Economic Development.

He also serves as a member of the advisory board of the Strathmore Business School (Strathmore University, Nairobi) and a member of the advisory committee of the Aga Khan University, Faculty of Arts and Sciences – East Africa.

Qualifications: LLB (Hons).

Mark Merson

Independent directors

Mark Merson (50)

Independent Non-Executive Director

Mark joined the board in January 2014 as a non-executive director and became an independent non-executive director with effect from October 2017. With effect from 1 February 2019, Mark is the chairman of the Group Risk and Capital Management Committee  (GRCMC), Group Credit Risk Committee (GCRC) and the Board Finance Committee (BFC). Mark was appointed as an independent non-executive director of Absa Bank Limited with effect from 15 May 2019.

Mark is a graduate of Oxford University, a chartered accountant and was previously a partner in the financial services consulting practice of Arthur Andersen and Deloitte. From 2003 through 2016, he served Barclays PLC in a variety of roles including group financial controller, head of investor relations, chief financial officer for the Corporate and Investment Bank and latterly deputy group finance director. Mark is also a director of Veritum Partners Limited, which offers advice on market interaction to European banks.

Mark is also Chairman of Absa Securities UK Limited.

Qualifications: ACA; MA (Hons).

Mohamed Husain

Independent non-executive director

Mohamed Husain (58)

Lead Independent Director

Mohamed joined the board as an independent non-executive director in 2008. He was appointed as the lead independent director of both the Group and Absa Bank boards with effect from 1 June 2018. He is the chairman of the Social and Ethics Committee (SEC) and is a member of the Group Audit and Compliance (GACC), Group Remuneration Committee (RemCo), Directors’ Affairs Committee (DAC) and Separation Oversight Committee (SC).

Mohamed has been an attorney for 33 years, during which time he has represented a diverse range of state, institutional and individual clients in all areas of corporate practice. He is a past president of the London-based Commonwealth Lawyers Association and of the Law Society of the Northern Provinces. He is a past chairman of the Attorneys Insurance Indemnity Fund. Mohamed was a founder member and councillor of the Law Society of South Africa and he currently serves on its audit and risk committees and chairs the remuneration committee. He has served as judge of the High Court of South Africa.

Mohamed serves as director of Knowles Husain Lindsay Incorporated and KLH Investments Proprietary Limited and is the non-executive chairman of Andulela Investment Holdings Limited.

Qualifications: BProc.

René van Wyk

Independent directors

René van Wyk (62)

Group Chief Executive Officer

René became the Chief Executive Officer on 1 March 2019.

René joined the board as an independent non-executive director in 2017 and became an executive director on 1 February 2019. He is a member of the Group Risk and Capital Management Committee (GRCMC), Group Credit  Risk Committee (GCRC), Separation Oversight Committee (SC), Models Committee (MC) and Information Technology Committee (ITC).

René is the former registrar of Banks and head of banking supervision of the South African Reserve Bank (SARB) and retired from that position in May 2016. Prior to that, René was with the Nedbank Group of companies from 1993 to 2011, where he occupied various positions in the risk field, notably executive director responsible for risk at Nedcor Investment Bank, and CEO of Imperial Bank (a subsidiary of Nedbank). In his earlier years, he joined KPMG and became a partner in the financial services group.

Qualifications: BCom; BCompt (Hons); CA (SA).

Sipho Pityana

Independent Non-Executive Director

Sipho Pityana (59)

Independent Non-Executive Director

Sipho joined the board as an independent non-executive director with effect from 1 May 2019.
He is a member of the Group Credit Risk Committee (GCRC) and Group Remuneration Committee (RemCo). He is a former executive director of Nedcor Investment Bank Holdings from 2002 to 2004, responsible for strategic business development.

Sipho is the founder and chairman of Izingwe Capital, a black-owned investment company founded in 2004, which invests in a number of South Africa’s blue chip corporates. He is also the non-executive chairman of JSE listed companies AngloGold Ashanti and Onelogix Group.

He is the president of Business Unity South Africa (BUSA), and a member of the Community of Chairmen of the World Economic Forum.

Qualifications: BA (Hons), MSc

Tasneem Abdool-Samad

Independent non-executive director

Tasneem Abdool-Samad (44)

Independent Non-Executive Director

Tasneem has been on the Absa Bank Board as an independent non-executive director since 2016, and joined the Board (Absa Group) as an independent non-executive director on 1 February 2018 at which point she stepped down from the Absa Bank Board. She joined the Group Audit and Compliance Committee (GACC) on 1 April 2018.

Tasneem started her career at Deloitte in KwaZulu-Natal. She then moved to the University of the Witwatersrand, where she was a lecturer in auditing from 2003 to 2006. In 2006 she rejoined Deloitte and is a former member of the Deloitte South Africa board.

Tasneem is a non-executive director of Absa Financial Services Limited, Reunert Limited, Long4Life Limited and Crookes Brothers Limited.

Qualifications: BCom; CA (SA).

Wendy Lucas Bull

Independent non-executive chairman

Wendy Lucas-Bull (65)

Independent Non-Executive Chairman

Wendy joined the board as an independent non-executive director and chairman in 2013. She is also chairman of Absa Bank and Absa Financial Services. Wendy is the chairman of the Directors’ Affairs Committee (DAC) and  of the Separation Oversight Committee (SC), and she is also a member of the Board Finance Committee (BFC), Group Risk and Capital Management Committee (GRCMC), Group Remuneration Committee (RemCo), Group Credit  Risk Committee (GCRC), Social and Ethics (SEC) and Information Technology Committee (ITC). She is a permanent attendee of the Group Audit and Compliance Committee (GACC).

Wendy is one of the founders of the Peotona Group. She was previously chief executive of FirstRand Limited’s retail businesses and prior to that an executive director of Rand Merchant Bank Holdings. Former non-executive directorships include those at Barclays PLC, Anglo American Platinum Limited, the Development Bank of Southern Africa, Alexander Forbes, Eskom, Nedbank, Telkom, Aveng (deputy chairman), Lafarge Industries (chairman), the South African Financial Markets Advisory Board, Discovery Holdings, Dimension Data PLC and the Momentum Group. She was also a member of the President’s Advisory Council on Black Economic Empowerment.

Qualifications: BSc

Daniel Hodge

Non-executive directors

Daniel Hodge (45)

Non-Executive Director

Daniel Hodge joined the board as a non-executive director on  1 May 2017. He is a member of the Group Risk and Capital Management Committee (GRCMC).

He is currently the Chief Compliance Officer, Barclays International. Daniel previously held the role of Barclays PLC group treasurer from 2013. He joined Barclays in 1999 and has held a number of roles in both the investment bank and in treasury during his 17 years with the bank. He was appointed managing director in 2008 and has held a number of senior management positions since, including head of execution for the structured finance division, and corporate and investment bank treasurer.

Daniel is a qualified chartered accountant and holds an MA (Hons) from Oxford University.

Jason Quinn

Executive directors

Jason Quinn (44)

Group Financial Director

Jason joined the board and executive committee in September 2016. He is the chairman of the Models Committee (MC) and a member of the Group Risk and Capital Management (GRCMC), Group Credit  Risk Committee (GCRC), Information Technology Committee (ITC) and Separation Oversight Committee(SC).

Before joining the Absa, he was a partner at Ernst & Young Inc. Jason joined the Group in 2008 as the financial controller and was appointed as the head of finance in 2014 after holding several senior finance positions.

Jason is a director of Absa Financial Services Limited, Woolworths Financial Services (Pty) Limited and is an employer-appointed trustee of the Absa Pension Fund.

Qualifications: BAcc (Hons); CA(SA).

Peter Matlare

Executive directors

Peter Matlare (59)

Deputy Chief Executive Officer: Absa Regional Operations 

Peter joined the board as an independent non-executive director in 2011. In August 2016, he was appointed deputy chief executive officer responsible for regional operations and he remains on the board as an executive director. He is a member of the  Separation Oversight Committee (SC).

Peter began his career with the Urban Foundation and Citibank and gained international experience, particularly in Europe. Peter is the previous chief executive officer of the South African Broadcasting Corporation (SABC), chief strategy and business development officer of Vodacom SA Proprietary Limited and executive director of commercial at Vodacom SA Proprietary Limited. Most recently, Peter was the chief executive officer of Tiger Brands Limited.

Qualifications: BSc (Hons) (Political Science); MA (South African Studies).

Arrie Rautenbach

Executive committee

Arrie Rautenbach (53)

Chief Executive: Retail and Business Banking South Africa

With more than 25 years banking experience, Arrie previously served as the Group’s Chief Risk Officer simultaneously providing executive leadership for the Group Separation Program and Group Strategy Office. His earlier roles within the  Group included a number of leadership positions such as the Head of Retail Banking in South Africa, Managing Executive of Absa Card and Head of Absa’s Distribution portfolio.

He was named Retail International Banker magazine’s “Retail Banker of the Year” in 2012. Under his stewardship, Absa was also the recipient of awards in the categories of ‘Best Retail Bank in Africa’, ‘Best Retail Bank in South Africa’ and ‘Best Credit Card Management’ (2012) by The Asian Banker.

An accomplished retailer, Arrie contributes to the industry through his board executive membership of the Banking Association of South Africa (BASA) and board memberships of Ford Financial Services and Woolworths Financial Services.

Qualifications: BBA,  AMP, MBA .

August van Heerden

Executive committee

August van Heerden (57)

Chief Risk Officer for Absa Group Limited

August van Heerden is the chief risk officer for Absa Group Limited. Prior to his appointment, he was the chief separation officer responsible for the separation programme of the Group from Barclays PLC.

From March 2016 to January 2017, August was the chief risk officer for the to-be-formed Discovery Bank. Prior to that, from 2012 to 2016, he was the chief financial officer for our retail and business banking business.

August began his career with Peat Marwick Mitchell & Co (subsequently KPMG) in 1983, where after he held various financial related positions at Nedbank Limited, KPMG and Standard Bank Group, among others.

Qualifications: BCom, BAcc (Hons), CA (SA), Advanced Diploma in Banking Law, IEP (Insead).

Bobby Malabie

Executive committee

Bobby Malabie (58)

Group Executive: Brand and Corporate Relations 

Bobby joined the Group and the executive committee in 2010.

He has held senior roles within Charter Life, Nedbank Group and South African Breweries. He then joined Liberty Group, where he held the position of chief executive officer: marketing and distribution.

Qualifications: BCom, MBA, MDP

Bongiwe Gangeni

Executive committee

Bongiwe Gangeni (40)

Deputy Chief Executive Officer: Retail and Business Bank

Bongiwe Gangeni is the deputy chief executive officer for Retail and Business Bank with accountability for Private and Business Bank.

Since joining Absa in 2007, Bongiwe has held a number of senior positions in the bank, with her most recent role being managing executive for distribution in Wealth, Investment Management and Insurance (WIMI).

Bongiwe’s qualifications include a Bachelor of Pharmacy (BPharm) and postgraduate diploma in Management (PDM) from Wits Business School, an MBA from the Gordon Institute of Business Science (GIBS) and she has also attended the Advanced Management Program (AMP) at Harvard Business School.

Qualifications: BPharm, PDM, MBA, AMP.

Charles Russon

Executive committee

Charles Russon (52)

Chief Executive: Corporate and Investment Bank

Charles joined the Group in 2006 and the Executive Committee in 2014. He was previously the chief executive: Engineering Services.

He completed his articles with KPMG and then joined Merrill Lynch in London as financial controller for credit products. Charles worked for Deutsche Bank in London and Frankfurt from 1998 to 2006 as the rates head of product control, before he joined Absa Capital in September 2006 as chief financial officer. He became the chief operating officer of Corporate and Investment Banking in October 2007 and regional head of Finance for Absa Group in September 2012. Charles was appointed as chief operating officer for Absa Group in May 2014.

Qualifications: CA (SA)

Charles Wheeler

Executive committee

Charles Wheeler (54)

General counsel and the acting head of Compliance.

General counsel and the acting head of Compliance.

Charles joined the Group and the Executive Committee in 2013.

Previously he worked as director: Legal Services at Standard Bank until 2003, as group executive: Commercial Legal at MTN Group Limited until 2010 and most recently as a legal consultant for Webber Wentzel.

Qualifications: BA, LLB, HDip (Tax).

Nomkhita Nqweni

Executive committee

Nomkhita Nqweni (44)

Chief Executive: Wealth, Investment Management and Insurance

Nomkhita was appointed to the Executive Committee in 2013.

She  spent the majority of her career at Alexander Forbes performing a variety of functions and before joining Absa Group in 2010, she was the managing director of Alexander Forbes Financial Services Holdings Limited.

Qualifications: BSc, PG Dip (Investment Management).

Paul O'Flaherty

Executive Committee

Paul O'Flaherty (55)

Chief Executive: Engineering Services

Paul was appointed as the chief executive: Engineering Services on 5 November 2018.  Paul previously served as an independent non-executive director of Absa Group and Absa Bank from February 2016 and resigned as a director to assume an executive role.  

Paul started his career in auditing and became a partner at PricewaterhouseCoopers South Africa before spending time in the construction industry in South Africa, Africa and in the Middle East.

He was most recently Chief Executive Officer of Al Naboodah Group Enterprises in the United Arab Emirates from February 2016 to March 2018. He is also a former chief executive officer of ArcelorMittal South Africa from July 2014 to January 2016 and Finance Director and Group Executive: Capital Projects of Eskom from January 2010 to July 2013.

Qualifications: BCom; BAcc (Hons); CA (SA).

Rene van Wyk

Executive Committee

René van Wyk (62)

Group Chief Executive Officer

René became the Chief Executive Officer on 1 March 2019.

René joined the board as an independent non-executive director in 2017 and became an executive director on 1 February 2019. He is a member of the Group Risk and Capital Management Committee (GRCMC), Group Credit  Risk Committee (GCRC), Separation Oversight Committee (SC), Models Committee (MC) and Information Technology Committee (ITC). René is the former registrar of Banks and head of banking supervision of the South African Reserve Bank (SARB) and retired from that position in May 2016. Prior to that, René  was with the Nedbank Group of companies from 1993 to 2011, where he occupied various positions, in the risk field, notably executive director responsible for risk at Nedcor Investment Bank, and CEO of Imperial Bank (a subsidiary of Nedbank). In his earlier years, he joined KPMG and became a partner in the financial services group.

Qualifications: BCom; BCompt (Hons); CA (SA).

Dr. Roze Phillips

Executive Committee

Dr. Roze Phillips (48)

Group Executive: People and Culture

Dr Roze Phillips joined the Group in November 2018 and oversees the Culture Transformation and Human Capital agendas across Absa.

Prior to joining Absa, Roze was the Managing Director responsible for Management Consulting and Innovation and Geographic Council member for Accenture Africa and Board member of Accenture South Africa - a company she served with distinction for 18 years.

Roze is Executive sponsor and Board member for Born To Succeed Women, a public benefit organisation dedicated to helping young South African women with the necessary skills and mentorship to prepare for the workplace and find employment. She is also a non-executive Director on SPEAR REIT, a property portfolio investment company focused on the Cape Town area.

Qualifications: MBChB, MBA, PGDip (Futures Studies)