The Absa Group Executive Committee oversees the execution of the strategy for the Group which includes Absa Bank.
Akash Singh (49)
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 (57)
Group Chief Executive Officer
Arrie was appointed as Group Chief Executive Officer (CEO) and Executive Director of Absa Group and Absa Bank, effective from 29 March 2022. He was previously the Chief Executive: Retail and Business Banking South Africa. He is a member of the Group Risk and Capital Management Committee (GRCMC), Group Credit Risk Committee (GCRC), Social, Sustainability and Ethics Committee (SSEC), Information Technology Committee (ITC) and Models Committee (MC).
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.
Arrie has contributed to the industry through his board executive membership of the Banking Association of South Africa (BASA) and board memberships of Ford Financial Services (Pty) Limited and Woolworths Financial Services (Pty) Limited. He has also been a director of Absa Financial Services Limited.
Qualifications: BBA, AMP, MBA.
Charles Russon (55)
Chief Executive: Corporate and Investment Bank
Charles was appointed Acting Group Executive: Absa Regional Operations with effect from 25 May 2021. He 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 Bank 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 (57)
Group General Counsel
Charles joined the Group and the Executive Committee in 2013. He previously 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)
Deon Raju (44)
Group Chief Risk Officer
Deon Raju was appointed as Absa’s Group Chief Risk Officer with effect from 1 June 2021 and is a member of the Executive Committee.
Deon has been with Absa for over 20 years of his 22 years in banking. Most recently, Deon was the Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group. Deon has held a variety of roles within the organisation, including within Enterprise Risk, Finance, Investment Banking, Credit Portfolio Management and Global Markets, and is a seasoned banking professional with deep institutional knowledge of the Group, as well extensive and diversified banking experience in business, finance and risk management.
Qualifications: B.Com (Hons); CA (SA); CFA.
Jason Quinn (47)
Group Financial Director
Jason resumed the role of Financial Director of Absa Group and Absa Bank, following his appointment as interim Group Chief Executive Officer with effect from 20 April 2021 until 28 March 2022. He remains an Executive Director on the Boards. Jason held the position of Group Financial Director from August 2016 to April 2021.
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 Committee (GRCMC), Group Credit Risk Committee (GCRC), and Information Technology Committee (ITC). He is an executive director of the Absa Bank Limited Board.
Before joining Absa 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 was appointed as Group Financial Director in September 2016.
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).
Prabashni Naidoo (46)
Ex Officio Member
Group Chief Audit Executive
Prabashni was appointed Group Chief Audit Executive effective from 4 January 2021 and is an ex officio member of the Executive Committee.
Prabashni is a seasoned Audit practitioner, with extensive experience in the banking industry. In her most recent role, she served as the Group Chief Internal Auditor at Nedbank Group, prior to which, she spent 15 years at Standard Bank in various senior roles.
Prabashni’s responsibilities include leading the teams implementing the Group Audit programme, while providing strategic leadership and counsel to both the Exco and the Board on internal and external audit matters. She also works closely with the Group Compliance and Risk functions in dispensing of her duties as Group Chief Audit Executive.
Qualifications: B.luris; Post-Graduate studies in Banking; Executive Programme Certifications in Risk Management, and Digital Business Transformation.
Punki Modise (52)
Interim Chief Executive: Retail and Business Banking South Africa
Punki was appointed as Interim Chief Executive: RBB with effect from 29 March 2022. She was previously the Interim Financial Director with effect from 23 April 2021.
Punki joined Absa Group in 2008 and has held various senior management positions, including that of Chief Financial Officer: Retail and Business Banking since June 2016. Previous roles include Head: Transactional Banking, Chief of Staff: Retail Banking and Chief Financial Officer: Distribution Channels. Prior to joining Absa Group, she held positions at Standard Bank and Fedsure, having completed her articles at PricewaterhouseCoopers Inc.
Punki is a non-executive director of Absa Life Limited, Woolworths Financial Services (Pty) Limited and Ford Financial Services (Pty) Ltd.
Qualifications: B.Com; CA(SA); Masters in Financial Management
Saviour Chibiya (50)
Group Executive: Absa Regional Operations
Saviour was appointed Group Executive: Absa Regional Operations (ARO) with effect from 1 November 2021.
Saviour has been with Absa since December 2010, having joined as Managing Director and CEO of Barclays Bank Zambia. More recently, he was Regional Managing Director in ARO, responsible for overseeing the Group’s businesses in Botswana, Mozambique, the Seychelles, Tanzania (Absa Bank Tanzania and National Bank of Commerce) and Uganda.
Saviour is a seasoned, senior executive with extensive banking experience that spans over 28 years, having started his career in the Corporate and Investment Bank of Citigroup, building his regional expertise as Country Representative in Ghana in 2003 and was subsequently appointed Managing Director and CEO of Citibank Zambia Ltd in 2006.
Qualifications: BA Econ, Fellow of the Zambia Institute of Banking and Financial Services (FZIBFS), IMD Senior Executive Breakthrough Program Certificate.
Wilhelm Krige (56)
Interim Group Chief Information and Technology Officer
Wilhelm was appointed Interim Group Chief Information and Technology Officer with effect from 30 June 2021. Wilhelm joined the Group in 2008 as the General Manager for Group Strategy. He spent time in various leadership positions in the Group before being appointed as the Group Chief Information Officer in 2018, where he was integral to the success of the technological decoupling and separation from Barclays PlC. Prior to joining the Group, Wilhelm was a partner at PriceWaterhouseCoopers and also spent 5 years in an executive role at IBM.
Qualifications: CA (SA)
Interim Group Chief People Officer
Thabo was appointed as Interim Group Chief People Officer with effect from 4 May 2022 .
Thabo is a seasoned Human Resources practitioner and has spent more than 26 years in the financial services industry. After first joining Absa Group as a graduate trainee at United Bank in 1995, he served the organisation for over 16 years in various roles, including Regional Manager, Absa Private Bank and HR Account Executive in some of the Corporate Functions portfolios of the Absa Group. He previously also worked as Group Chief Human Resources Officer and Group Chief Empowerment and Transformation Officer at the Alexander Forbes Group. He re-joined Absa as Head of the People Function in Engineering Services in 2019 and was appointed Head of People and Culture: Corporate Functions in 2020. Most recently, he was the Head of People and Culture for Absa Retail and Business Bank.
Qualifications: MBA, BCom(Hons); Executive Masters in Consulting and Coaching for Change.