Absa Group has appointed Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately.
Arrie, who is currently Chief Executive of the Group’s retail and business banking (RBB) unit, is the first internally appointed CEO since 2006.
Interim CEO Jason Quinn will resume his position as Group Financial Director with immediate effect.
Arrie has more than 25 years of banking experience, which includes serving as the Group’s Chief Risk Officer, simultaneously providing executive leadership for the Group Separation Programme and Group Strategy Office.
He previously served as a Chief Executive of Retail Banking at Absa, Managing Executive of Absa Card Division, and Managing Executive.
Rautenbach holds an MBA from North-West University and completed an Advanced Management Programme at INSEAD.
“I am humbled and honoured to lead Absa during challenging conditions locally and internationally. I am excited at the prospect of working with a talented and diverse team, leading an outstanding business that is positioned to seize the many opportunities that lie ahead,” Arrie Rautenbach.