Questions raised about David Hodnett's future at Barclays Africa
Barclays Africa’s widely expected management shake-up, part of a strategy overhaul following Barclays plc’s exit, has raised questions over deputy CE David Hodnett’s future. Hodnett, 48, was to take a two-month sabbatical, Barclays Africa said on Monday. No further detail was provided on his post-sabbatical future, however, leaving the door open for a change in his role and raising questions about whether he may leave altogether. As the group splits into four core businesses, each with its own CEO, South African banking, previously under Hodnett, would cease to be a management or reporting segment. The corporate and investment bank would remain under Hodnett, Barclays Africa said. An asset manager who declined to be named said: "It would be pretty bad news if Dave left. For a while he has been the de facto person running the business." Hodnett’s sabbatical did not come as a surprise, given the weight of the responsibility he had carried during the past 18 months, said Neelash Hansje...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.