Absa Bank appoints Central Bank’s Daniel Mminele as new CEO

SOUTH AFRICA – South Africa’s Absa Bank has appointed former South African Reserve Bank deputy governor Daniel Mminele as its chief executive officer, with effect 15 January 2020. 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 René 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 2019. On his appointment, Mminele…

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