Absa Group

Absa Group's Executive Committee

The Group Executive Committee (Group Exco), chaired by the Group Chief Executive, comprises the Group’s executive directors and other members of executive management. It meets, as a general rule, once a month and deals with all material matters relating to implementing Absa’s agreed strategy, monitoring performance and considering Group policies.


Executive Committee D W P (David) Hodnett

Appointed: 2008

Tenure at Absa: Appointed in 2008

Age: 41

Qualifications: BCom, CA (SA), MBA

Areas of Responsibility:

David is the Group Financial Director.

Skills, Expertise and Experience:

David completed his articles with KPMG where he became a partner in the financial services team. He then joined Standard Bank Group, where, for seven years, he was involved in group risk and retail credit. David joined Absa in 2008 as the Chief Risk Officer. He was appointed as Absa's Group Financial Director on 1 March 2010.

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Executive Committee W T (Willie) Lategan

Appointed: 2007

Tenure at Absa: Appointed in 1995

Age: 42

Qualifications: BCom (Hons), FFA

Areas of Responsibility:

Willie is the Chief Executive of Absa Financial Services.

Skills, Expertise and Experience:

Willie joined Absa Consultants and Actuaries as an actuary in 1995. He subsequently served as General Manager: Operations, as Managing Director: Absa Life and Managing Executive: Absa Financial Services Corporate division.

Participation in external entities:

Willie participates in the Association for Savings and Investments SA and the Actuarial Society of South Africa. He also serves as a trustee of Bankmed.

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Executive Committee J (Jan) Lubbe

Appointed: 2010

Tenure at Absa: Appointed in 2010

Age: 39

Qualifications: CA (SA), MBA, MCom

Areas of Responsibility:

Jan is Chief Risk Officer

Skills, Expertise and Experience:

Jan initially worked at KPMG both in South Africa and England, where he held the position of a senior manager. In 2000, Jan moved to Goldman Sachs where he was appointed as an executive director. In 2003, Jan joined FirstRand where he was later appointed as Chief Risk Officer.

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Executive Committee B (Bobby) Malabie

Appointed: 2010

Tenure at Absa: Appointed in 2010

Age: 50

Qualifications: BCom (Accounting), MBA, MDP (Harvard)

Areas of Responsibility:

Bobby is the Chief Executive of Retail and Business Bank (RBB).

Skills, Expertise and Experience:

Bobby 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. Bobby moved from Liberty Group to Absa in 2010

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Executive Committee F (Fergus) Marupen

Appointed: 2010

Tenure at Absa: Appointed in April 2010

Age: 45

Qualifications: BA (Hons) Psychology, BEd, HDip HRM, MBA

Areas of Responsibility:

Fergus is the Chief Human Resources Executive.

Skills, Expertise and Experience:

Fergus was General Manager: Human Resources for Kumba Iron Ore and Vice President: Human Resources for the energy and coal division of BHP Billion. Fergus joined Absa in 2010.

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Executive Committee N (Nomkhita) Nqweni

Appointed: 2011

Tenure at Absa: Appointed in 2010

Age: 36

Qualifications: BSc, Post Graduate Diploma (Investment Management)

Areas of Responsibility:

Nomkhita is the Chief Executive of Absa Wealth.

Skills, Expertise and Experience:

Nomkhita spent the better part of her career at Alexander Forbes performing different functions from when she joined in 1997. Prior to her joining Absa, she was the Managing Director of Alexander Forbes Financial Services Holdings Limited.

Participation in external entities:

Nomkhita also serves as a board member of the SA Mint and SA Bank Notes companies.

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Executive Committee M (Maria) Ramos

Appointed: 2009

Tenure at Absa: Appointed in March 2009

Age: 51

Qualifications: BCom (Hons) Economics, Institute of Bankers Diploma (CAIB), MSc Economics

Areas of Responsibility:

Maria is the Group Chief Executive.

Skills, Expertise and Experience:

Maria was previously the Director-General of the National Treasury and in January 2004, she was appointed as the Group Chief Executive of Transnet Limited. Maria joined Absa as Group Chief Executive in 2009, and is a member of the Barclays PLC Executive Committee.

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Executive Committee S (Stephen) van Coller

Appointed: 2009

Tenure at Absa: Appointed in 2006

Age: 44

Qualifications: BCom (Hons), HDip Acc, CA(SA), CMA(UK)

Areas of Responsibility:

Stephen is the Chief Executive Officer of Absa Capital and Wealth.

Skills, Expertise and Experience:

Stephen initially worked at Ernst & Young Inc. In 1991, he moved to the United Kingdom, as a senior auditor at Knox Cropper and then as Finance Manager of the Richmond Fellowship Housing Association. Returning to South Africa, Stephen worked at Deutsche Bank where his last role was Head: Coverage and Corporate Advisory. After joining Absa in 2006, Stephen held the positions of Deputy Chief Executive and Head: Investment Banking at Absa Capital.

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Executive Committee L L (Louis) von Zeuner

Appointed: 2004

Tenure at Absa: Appointed in 1981

Age: 49

Qualifications: BEcon

Areas of Responsibility:

Louis is the Deputy Group Chief Executive of the Group.

Skills, Expertise and Experience:

Louis worked in Absa's retail and commercial banking operations since 1981, where he held various branch, regional and provincial leadership positions. Louis was appointed Operating Executive of Absa Commercial Bank in 2000, following which he was appointed as an executive director of Absa Group in 2004, and Deputy Group Chief Executive in 2009.

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