Absa Bank Limited (a wholly owned subsidiary of the Barclays Africa Group) is governed by a board that is distinct from the Group Board. The Board is comprised of executive, non-executive and a majority of independent directors (non-executive directors who are independent as defined in King III). The Chairman of the Bank Board is a non-executive director and is also chairman of the Group Board.

Independent directors

Colin Beggs

Colin joined the Board as an independent director in 2010. He is the Chairman of the Group Audit and Compliance Committee and is a member of the Group Risk and Capital Management, Directors’ Affairs, Board Finance and Concentration Risk Committees.

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)

Mohamed Husain

Mohamed joined the Board as an independent director in 2008. He is the Chairman of the Social and Ethics Committee and is a member of the Group Audit and Compliance, Group Remuneration  and Directors’ Affairs Committees.

Mohamed has been an attorney for 30 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. He was a founder member and councillor of the Law Society of South Africa. Currently, he serves on its audit and risk committees and chairs the remuneration committee. Mohamed 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

Paul O'Flaherty

Paul joined the Board as an independent director in February 2016. He is the Chairman of the Group Remuneration  Committee and is a member of the Group Audit and Compliance, Group Risk and Capital Management, and the Directors' Affairs Committees.

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 first served as chief financial officer and deputy chief executive officer of Group Five Limited and then chief financial officer of Al Naboodah Construction Group LLC. From 2010 to 2013, he was the finance director and group executive for Group Capital of Eskom Holdings (SOC) Limited. Paul was most recently the chief executive officer of ArcelorMittal South Africa Limited (July 2014 to February 2016).

He is the chief executive officer of Al Naboodah Group Enterprises LLC and a non-executive director of enX Group Limited.

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

Tasneem Abdool-Samad

Tasneem joined the Board as an independent director in 2016.

Tasneem started her career at Deloitte in Kwa-Zulu 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 and a member of the audit committee of Momentum Health.

Qualifications: BCom; CA(SA).

Trevor Munday

Trevor joined the Board as an independent director in 2007. On 19 September 2013, he was appointed as Lead Independent Director of the Group. He is a member of the Group Risk and Capital Management Committee (GRCMC) ,Board Finance and Directors' Affairs Committees.

In 2001, Trevor was appointed as an executive director of Sasol Limited, with global responsibility for finance and accounting, risk management, internal audit, corporate affairs and planning. In 2003, he assumed responsibility for Sasol Group’s global chemical businesses. He retired as deputy chief executive of Sasol on 31 December 2006.

Trevor is the non-executive chairman of Reunert Limited.

Qualifications: BCom

Wendy Lucas-Bull (Group Chairman)

Wendy joined the Board as an independent 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, and she is a member of the Board Finance, Group Risk and Capital Management, Group Remuneration and Human Resources, Concentration Risk, Social and Ethics and Information Technology Committees. She is a permanent attendee of the Group Audit and Compliance Committee.

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.

Qualifications: BSc

rene van wyk
Rene van Wyk

Rene joined the Board as an independent non-executive director in 2017. He is the Chairman of the Group Risk and Capital Management Committee (GRCMC) and Concentration Risk Committees (CoRC) and a member of the Director’s Affairs Committee and Group Audit and Compliance Committee (GACC).

Rene 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, Rene 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 rose to become partner in the financial services group.

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

Executive Directors

David Hodnett

David joined the Executive Committee in 2008 and the Board as an Executive Director in 2010. He is a member of the Models, Concentration Risk and Information Technology Committees.

David is the Deputy Chief Executive Officer responsible for the Group’s South African operations. He completed his articles with KPMG and became a partner in the financial services team. He then joined Standard Bank group, where he was involved in group risk and retail credit functions. David joined the Group in 2008 as the Chief Risk Officer and became the Group’s Financial Director on 1 March 2010.

In December 2013, in addition to his role as Financial Director, David was appointed as Deputy Chief Executive Officer. From August 2016, he assumed responsibility for the Group’s South African operations including Retail and Business Banking and Corporate and Investment Bank. (Jason Quinn took over responsibility as Financial Director from 1 September 2016.)

Qualifications: BCom; CA(SA); MBA

Jason Quinn

Jason is the Financial Director. He joined the Board and Executive Committee in September 2016. He is the Chairman of the Models Committee and a member of the Group Risk and Capital Management, Concentration Risk and Information Technology Committees.

Before joining the Group, 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 Service Limited,Woolworths Financial Services (Pty) Limited and is an employer appointed Trustee of the Absa Pension Fund.

Qualifications:  B Acc (Hons); CA (SA).

Maria Ramos

Maria is the Chief Executive and joined the Board as an executive director in 2009. She is a member of the Group Risk and Capital Management, Concentration Risk, Social and Ethics and Information Technology Committees.

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 March 2009.

Maria is a non-executive director of Compagnie Financiere Richemont SA. She is also a member of the International Business Council Executive Committee; Business Leadership South Africa; and the Banking Association of South Africa.

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

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