The Absa Group Executive Committee oversees the execution of the strategy for the Group which includes Absa Bank.
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 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
August van Heerden
August van Heerden is the chief risk officer for Absa Group Limited. Prior to his appointment, he was the chief separation officer, responsible for the separation programme of the Group from Barclays PLC. From March 2016 to January 2017, August was the chief risk officer for the to-be-formed Discovery Bank. Prior to that, from 2012 to 2016, he was the chief financial officer for our retail and business banking business.
August began his career with Peat Marwick Mitchell & Co (subsequently KPMG) in 1983, where after he held various financial related positions at Nedbank Limited, KPMG, and Standard Bank Group, amongst others.
Qualifications: BCom; BAcc (Hons);CA (SA); Advanced Diploma in Banking Law
Bongiwe Gangeni is the Deputy Chief Executive Officer for Retail & Business Bank (RBB) 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 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 is the 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 was appointed as Group Chief Executive Officer with effect from 15 January 2020.
Daniel has substantial banking experience, having most recently completed his second 5-year term as Deputy Governor of the South African Reserve Bank (SARB), 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.
Qualifications: Associate Certificates (City Polytechnic of London /Guildhall University) in association with Chartered Institute of Bankers (London); German Banking Diploma (Bankkaufmann).
Jason is the group 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, Credit Concentration Risk, Information Technology and Separation Oversight Committees.
Before joining the Group, Jason was a partner at Ernst & Young Inc. He joined the Group in 2008 as 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 Services Limited, Woolworths Financial Services (Pty) Limited and is an employer-appointed trustee of the Absa Pension Fund.
Qualifications: BAcc (Hons); CA(SA)
Paul was appointed as the chief executive: Engineering Services on 5 November 2018. Paul previously served as an independent non-executive director of Absa Group and Absa Bank from February 2016 and resigned as a director to assume an executive role.
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 was most recently Chief Executive Officer of Al Naboodah Group Enterprises in the United Arab Emirates from February 2016 to March 2018. He is also a former Chief Executive Officer of ArcelorMittal South Africa from July 2014 to January 2016 and Finance Director and Group Executive: Capital Projects of Eskom from January 2010 to July 2013.
Qualifications: BCom; BAcc (Hons); CA (SA).
Peter is the Deputy Chief Executive Absa Group and Chief Executive Absa Regional Operations and he is an executive director for Absa Group Limited Board.
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. Most recently, Peter was the chief executive officer of Tiger Brands Limited.
Qualifications: BSc (Hons) (Political Science); MA (South African Studies)
René stepped down as the Group Chief Executive Officer on 14 January 2020 and remains with the Group as an executive director until 31 January 2020.
René joined the board as an independent non-executive director in 2017 and became an executive director on 1 February 2019. He led the Group as Chief Executive Officer from 1 March 2019 until he stepped down from this role on 14 January 2020. René will rejoin Absa Group and Absa Bank’s boards as a non-executive director, following a six-month cooling off period.
He is a member of the Group Risk and Capital Management Committee (GRCMC), Group Credit Risk Committee (GCRC), Separation Oversight Committee (SC), Models Committee (MC) and Information Technology Committee (ITC).
René 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, René 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 became a partner in the financial services group.
Qualifications: BCom; BCompt (Hons); CA (SA).
Dr. Roze Phillips
Dr Roze Phillips joined the Group in November 2018 and oversees the Culture Transformation and Human Capital agendas across Absa.
Prior to joining Absa, Roze was the Managing Director responsible for Management Consulting and Innovation and Geographic Council member for Accenture Africa and Board member of Accenture South Africa - a company she served with distinction for 18 years.
Roze is Executive sponsor and Board member for Born To Succeed Women, a public benefit organisation dedicated to helping young South African women with the necessary skills and mentorship to prepare for the workplace and find employment. She is also a non-executive Director on SPEAR REIT, a property portfolio investment company focused on the Cape Town area.
Qualifications: MBChB, MBA, PGDip (Futures Studies)