Independent directors

Wendy Lucas Bull
Wendy Lucas-Bull

Independent Non-Executive Chairman

Alex Darko
Alex Darko

Independent Non-Executive Director

Daisy Naidoo
Daisy Naidoo

Independent Non-Executive Director

Francis Okomo Okello
Francis Okomo-Okello

Independent Non-Executive Director

Ihron Rensburg
Ihron Rensburg

Independent Non-Executive Director

Mark Merson
Mark Merson

Independent Non-Executive Director

Nonhlanhla Mjoli-Ncube
Nonhlanhla Mjoli-Ncube

Independent Non-Executive Director

Rose Keanly
Rose Keanly

Independent Non-Executive Director

Tasneem Abdool-Samad
Tasneem Abdool-Samad

Independent Non-Executive Director

 

Swithin Munyantwali
Swithin Munyantwali

Independent Non-Executive Director

Sipho Pityana
Sipho Pityana

Lead Independent Director

Non-executive directors

Daniel Hodge
Daniel Hodge

Non-Executive Director

Colin Beggs
Colin Beggs

Non-Executive Director

Fulvio Tonelli
Fulvio Tonelli

Non-Executive Director

René van Wyk
René van Wyk

Non-Executive Director

Executive directors

Daniel Mminele
Daniel Mminele

Group Chief Executive

Jason Quinn
Jason Quinn

Group Financial Director

Peter Matlare
Peter Matlare

Deputy Group Chief Executive and Chief Executive: Absa Regional Operations

Executive Committee

Akash Singh
Akash Singh

Group Chief Compliance Officer

Arrie Rautenbach
Arrie Rautenbach

Chief Executive: Retail and Business Banking South Africa

August van Heerden
August van Heerden

Chief Risk Officer

Bongiwe Gangeni
Bongiwe Gangeni

Deputy Chief Executive: Retail and Business Banking South Africa

Charles Russon
Charles Russon

Chief Executive: Corporate and Investment Bank

Charles Wheeler
Charles Wheeler

Group General Counsel

Daniel Mminele
Daniel Mminele

Group Chief Executive

Jason Quinn
Jason Quinn

Group Financial Director

Paul O'Flaherty
Paul O'Flaherty

Chief Executive: Engineering Services

Peter Matlare
Peter Matlare

Deputy Group Chief Executive and Chief Executive: Absa Regional Operations

Dr. Roze Phillips
Roze Phillips

Group Executive: People and Culture

Alex Darko

Independent non-executive director

Alex Darko (67)

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), Group Remuneration Committee (RemCo) and is the chairman of the Information Technology Committee (ITC).

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. He is also a non-executive director of Reunert Limited.

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

Colin Beggs

Non-executive director

Colin Beggs (71)

Non-Executive Director

Colin joined the board as an independent non-executive director in 2010. He became a non-independent non-executive director on 4 June 2020, and stepped down as a member and chairman of the Group Audit and Compliance Committee (GACC).

He  is a member of the Group Risk and Capital Management Committee (GRCMC), Group Remuneration Committee (RemCo), and Board Finance Committee (BFC).

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 (47)

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, Anglo American Platinum Limited and Redefine Properties Limited.

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

Francis Okomo Okello

Independent Non-Executive Director

Francis Okomo-Okello (70)

Independent Non-Executive Director

Francis joined the board as an independent director in 2014, and was appointed as the chairman  of the Social and Ethics Committee (SEC) with effect from 4 June 2020 and is a member of the Directors’ Affairs Committee (DAC).  Francis also joined the Absa Bank Limited board as independent non-executive director from 4 June 2020.

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).

Ihron Rensburg

Independent directors

Ihron Rensburg (59)

Independent Non-Executive Director

Ihron joined the Board as an independent non-executive director with effect from 1 October 2019. He is a member of the Social and Ethics Committee (SEC) and Group Remuneration Committee (RemCo).

Ihron was Vice Chancellor and Principal of the University of Johannesburg (UJ) from 2006 to 2017. Prior to his position at UJ, Ihron worked for the SABC and the Department of Education as Deputy Director General, where he was tasked to oversee and lead the development and implementation of the post-apartheid national education curriculum and policy.

Ihron is currently the Chairman of the South African National Commission for UNESCO. He is also Senior Advisor to the Principal and Visiting Professor at Kings College London. He has extensive strategy, policy development and organizational turnaround and merger experience, complemented by experience in engaging with government, business and civil society.

Qualifications: Doctor of Laws (Honoris Causa), PhD (International Development Education), MA (Political and Organisational Sociology), and Bachelor of Pharmacy.

Mark Merson

Independent directors

Mark Merson (51)

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.  Mark is the chairman of the Group Risk and Capital Management Committee  (GRCMC), Group Credit Risk Committee (GCRC) and is a member of the Board Finance Committee (BFC) and Directors’ Affairs Committee (DAC) . 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).

Sipho Pityana

Lead Independent Director

Sipho Pityana (60)

Lead Independent  Director

Sipho joined the board as an independent non-executive director with effect from 1 May 2019. He was appointed as the lead independent director of both the Group and Absa Bank boards with effect from 4 June 2020.

 He is a member of the Group Credit Risk Committee (GCRC),  Directors’ Affairs Committee (DAC) and is the chairman of the 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 Redefine Properties Limited.

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 (45)

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 and assumed the position of GACC chairman from 4 June 2020. She rejoined the board of Absa Bank Limited as independent non-executive director with effect from 4 June 2020.

Tasneem is also a member of the   Group Risk and Capital Management Committee (GRCMC),  Board Finance Committee (BFC) and Directors’ Affairs Committee (DAC).  

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 (Audit, Risk & Compliance Committee Chairman), Reunert Limited, Long4Life Limited and Bid Corporation Limited.

Qualifications: BCom; CA (SA)

Wendy Lucas Bull

Independent non-executive chairman

Wendy Lucas-Bull (66)

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 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 an invitee  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.

Wendy was appointed as an independent non-executive director and chairman designate of Shoprite Holdings Limited with effect from 1 October 2020.

Qualifications: BSc

Daniel Hodge

Non-executive directors

Daniel Hodge (46)

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),  Group Credit Risk Committee (GCRC) and Group Remuneration Committee (RemCo). Daniel will no longer represent Barclays PLC as a nominee from 4 June 2020 and will become an independent non-executive director on 1 December 2020, following a cooling- off period.

He was   previously 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.

Swithin Munyantwali

Independent Non-Executive directors

Swithin Munyantwali (56)

Independent Non-Executive Director

Swithin joined the board as a non-executive director, with effect from 15 September 2019. He became an independent non-executive director from 1 March 2020, following his resignation from the board of Absa Bank Uganda Limited on 28 February 2020. He is a member of the Social and Ethics Committee (SEC) and Group Audit and Compliance Committee (GACC).

Swithin is the head of international law firm Appleton Luff’s East African office. He is the vice-chairman and co-founder of the International Law Institute African Centre for Legal Excellence.

Swithin was, until recently, the chairman of the Barclays Bank of Uganda board. He is a board member of the African Philanthropy Forum, and International Law Institute in Washington, DC. He is also a member of the advisory boards of the Case Western Reserve University, Emerging and Frontier Markets Association, and The New Markets Lab.

Qualifications: B.Sc. (Criminal Justice); Juris Doctor; Masters in International and Comparative Law.

Jason Quinn

Executive directors

Jason Quinn (45)

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 (60)

Deputy Group Chief Executive and Chief Executive: 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).

Akash Singh

Executive committee

Akash Singh (47)

Group Chief Compliance Officer 

Akash Singh was appointed as the Group Chief Compliance Officer with effect from November 2019. Prior to this role, he was the Chief Compliance Officer of Retail and Business Bank SA. Akash was the Head of Operational Risk: Africa for Barclays Africa Group with oversight across 14 countries. He has also held various Internal Audit roles within the Absa Group.  Before joining Absa, Akash was with Nedcor Limited in the Finance function.

He has extensive knowledge and experience in strategic and technical management of operational risk, as well as regulatory and compliance risk management.

Qualifications: BCom (Hons); CA SA

Arrie Rautenbach

Executive committee

Arrie Rautenbach (54)

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 (58)

Chief Risk Officer

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).

Bongiwe Gangeni

Executive committee

Bongiwe Gangeni (41)

Deputy Chief Executive: Retail and Business Banking South Africa

Bongiwe Gangeni is the deputy chief executive 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 (53)

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 (55)

Group General Counsel

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).

Daniel Mminele

Executive Committee

Daniel Mminele (54)

Group Chief Executive

Daniel was appointed as Group Chief Executive Officer with effect from 15 January 2020. He is a member of the Group Risk and Capital Management (GRCMC), Group Credit Risk Committee (GCRC), Social and Ethics Committee (SEC), Information Technology Committee (ITC), Separation Oversight Committee (SC) and Models Committee (MC).

Daniel has substantial banking experience, having most recently completed his second 5-year term as Deputy Governor of the South African Reserve Bank (SARB), where his responsibilities included Financial Markets, International Economic Relations and Policy, and Human Capital and Operations.  Among others, he was a member of the Monetary Policy and Financial Stability Committee.  Prior to joining the SARB in September 1999, he worked for African Merchant Bank and Commerzbank in South Africa, and WestLB in the UK and Germany for 12 years, commencing in 1987.  Daniel previously earned a German banking qualification and obtained various associate certificates from the Institute of Bankers in the UK.

Qualifications: Associate Certificates (City Polytechnic of London /Guildhall University) in association with Chartered Institute of Bankers (London); German Banking Diploma (Bankkaufmann).

Paul O'Flaherty

Executive Committee

Paul O'Flaherty (56)

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).

Rose Keanly

Independent Non-Executive Director

Rose Keanly (61)

Independent Non-Executive Director

Rose joined the board as an independent non-executive director with effect from 1 September 2019. She is a member of the Information Technology Committee (ITC), Group Risk and Capital Management Committee  (GRCMC) and Group Remuneration Committee) (RemCo).

Rose retired as the former Chief Operating Officer (COO) of Old Mutual Emerging Markets (OMEM) in February 2018, following a career with the Old Mutual group spanning 38 years and various, mainly information technology and operations related, positions. Prior to her position as COO, she was the Managing Director of OMEM Customer Services and Technology.

Qualifications: BSc; BCom (Honours).

Dr. Roze Phillips

Executive Committee

Roze Phillips (48)

Group Executive: People and Culture

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)

Fulvio Tonelli

Non-Executive Director

Fulvio Tonelli (60)

Fulvio joined the Absa Group Limited board as a non- independent non-executive director with effect from 1 July 2020.  He is a member of the Group Credit Risk Committee (GCRC), Group Risk and Capital Management Committee  (GRCMC) and Information Technology Committee (ITC).

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 joined PwC in July 1987. Prior to that he completed his articles at Deloitte.

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

René van Wyk

Non-Executive Director

René van Wyk (64)

René rejoined the Absa Group Board as a non-executive director from 1 August 2020. He served as the Group Chief Executive from 1 March 2019 to 14 January 2020.

René originally joined the board as an independent non-executive director on 1 February 2017. He is a member of the Group Risk and Capital Management Committee (GRCMC),  Group Credit Risk Committee (GCRC) and is the chairman of the Board Finance Committee (BFC).

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).

Nonhlanhla Mjoli-Ncube

Independent Non-Executive directors

Nonhlanhla Mjoli-Ncube (61)

Independent Non-Executive Director

Nonhlanhla joined the board as an independent non-executive director with effect from 15 October 2020.  She is a member of the Social and Ethics Committee (SEC) and Board Finance Committee (BFC).

 She is the former economic advisor to the Presidency, former chairman of the National Urban Reconstruction and Housing Agency and former deputy chair of the Construction Industry Development Board. Nonhlanhla serves on the board and audit committee of Zeder Investment Limited and has previously served on the boards of several other listed companies including Capitec Bank, WBHO Construction, Cadiz Financial Services, Tongaat Hulett and Pioneer Foods.

Qualifications: Post-Graduate Certificate (Engineering Business Management); Fellowship in Urban Development (MIT); Masters in Urban and Regional Planning.