The Absa Group Executive Committee oversees the execution of the strategy for the Group which includes Absa Bank.
Akash Singh (48)
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 (55)
Arrie Rautenbach is the chief executive: Retail and Business Banking South Africa.
Prior to this appointment, Arrie was chief risk officer and responsible for Group Strategy and the separation from Barclays PLC. He began his career with Absa Group in Bankfin in the late 1990s and has since held a number of leadership positions, including head of Retail Banking in South Africa and managing executive: Absa Card, managing executive: Customer Segments and managing executive: Branch network.
Qualifications: BBA; MBA; AMP
Bongiwe Gangeni (42)
Bongiwe Gangeni is the Deputy Chief Executive: Retail and Business Banking South Africa with accountability for Private and Business Bank.
Since joining Absa in 2007, Bongiwe has held a number of senior positions in the bank, with her most recent role being Managing Executive for Distribution in Wealth, Investment Management and Insurance (WIMI).
Bongiwe’s qualifications include a Bachelor of Pharmacy (BPharm) and Postgraduate Diploma in Management (PDM) from Wits Business School, an MBA from the Gordon Institute of Business Science (GIBS) and she has also attended the Advanced Management Program (AMP) at Harvard Business School.
Qualifications: BPharm; PDM; MBA; AMP
Charles Russon (54)
Charles is the chief executive: Corporate and Investment Banking. He was previously the chief executive: Engineering Services. He joined the Group in 2006 and the Executive Committee in 2014.
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 Banking 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 (56)
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)
Daniel Mminele (55)
Daniel was appointed as Group Chief Executive Officer on 15 January 2020. He is a member of the Group Risk and Capital Management (GRCMC), Group Credit Risk Committee (GCRC), Social and Ethics Committee (SEC), Information Technology Committee (ITC), and Models Committee (MC). He is an executive director of the Absa Bank Limited Board.
Daniel completed his second 5-year term as Deputy Governor of the South African Reserve Bank (SARB) in 2019, where his responsibilities included Financial Markets, International Economic Relations and Policy, and Human Capital and Operations. Among others, he was a member of the Monetary Policy and Financial Stability Committee.
Prior to joining the SARB in September 1999, he worked for African Merchant Bank and Commerzbank in South Africa, and WestLB in the UK and Germany for 12 years, commencing in 1987. Daniel previously earned a German banking qualification and obtained various associate certificates from the Institute of Bankers in the UK.
Qualifications: Associate Certificates (City Polytechnic of London /Guildhall University) in association with Chartered Institute of Bankers (London); German Banking Diploma (Bankkaufmann).
Jason Quinn (46)
Jason is the group financial Director.
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 (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)
Peter Matlare (61)
Peter is the Deputy Group Chief Executive and Chief Executive: Absa Regional Operations and he is an executive director for Absa Group Limited Board.
Peter joined the board as an independent non-executive director in 2011. In August 2016, he was appointed deputy chief executive officer responsible for regional operations and he remains on the board as an executive director.
Peter began his career with the Urban Foundation and Citibank and gained international experience, particularly in Europe. He is the previous chief executive officer of the South African Broadcasting Corporation (SABC), chief strategy and business development officer of Vodacom SA Proprietary Limited and executive director of commercial at Vodacom SA Proprietary Limited. Peter was the chief executive officer of Tiger Brands Limited until the end of 2015.
Qualifications: BSc (Hons) (Political Science); MA (South African Studies)
It is with profound sadness that we confirm Peter’s passing on 7 March 2021.
Rajal Vaidya (55)
Acting Group Chief Risk Officer
Rajal was appointed Acting Group Chief Risk Officer with effect from February 2021 and is a member of the Executive Committee. He is also the Chief Risk Officer for Corporate and Investment Banking.
Rajal was the Head of Retail Banking for Absa Regional Operations, a position he held until 2016 when he was appointed the Chief Risk Officer for Absa Regional Operations.
Rajal joined the Group in 2007 and is a seasoned risk and banking professional with over 30 years of international experience, spanning multiple geographies covering Asia, the Middle East and Africa in business and risk roles. Prior to joining Absa, Rajal worked for 17 years with Citibank, where his last role was Citigroup Senior Credit Officer and Chief Risk Officer for Citifinancial India.
Qualifications: Masters in Management Studies, BA (Honours) in Economics.