David Hodnett returns to Standard Bank
Hodnett will succeed the retiring Neil Surgey as chief risk officer from June 1
Veteran banking executive David Hodnett has returned to Standard Bank following a year-long sabbatical in the wake of his departure from the Absa group. His insight of the inner workings of Absa may come in handy as Standard and the former Barclays subsidiary continue to grapple for market share in key markets, most notably mortgages and card. Standard streaked past Absa during the Barclays years to become the local market leader in home loans. Absa and Standard are also slugging it out with Firstrand for dominance in card (transactional banking), with the three in a virtual dead heat at the end of 2018, according to data provided by the Reserve Bank. Hodnett has been appointed chief risk officer at Standard Bank and will rejoin the group on May 1. He will formally succeed the group’s current chief risk officer, Neil Surgey, who retires at the end of May.
Hodnett occupied a number of senior executive positions during his 10-year tenure with Barclays Africa Group (now Absa) in...
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