Bank announces several appointments from internal staff
26 April 2024 - 09:53
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Absa chief risk officer, Deon Raju, has been promoted to financial director after the resignation of Jason Quinn. Picture: SUPPLIED.
Absa has promoted its group chief risk officer Deon Raju to the role of financial director, after the resignation of Jason Quinn who left the position last year after he was appointed as Nedbank CEO designate.
Quinn, who spent 15 years with Absa, will take over from Nedbank veteran Mike Brown next month.
Absa said Raju will assume his new role immediately.
“He joined Absa in 1999 and was the group treasurer between 2016 and 2021. Deon becomes a member of the board group risk and capital management committee, group credit risk committee and the information technology committee,” the group said.
Chris Snyman, interim financial director of Absa Group and Absa Bank, will relinquish these roles and step down as an executive director of the boards and as member of these committees with immediate effect.
The lender also appointed Rajal Vaidya interim group chief risk officer. Vaidya holds the same role at Absa corporate and investment banking.
Cowyk Fox has stepped down as CEO of everyday banking, and will be replaced by Christine Wu.
“It is pleasing to note that the appointments announced today are internal colleagues who have proven track records of delivering results in their respective fields and will contribute further to driving growth and empowering Africa’s tomorrow,” said Absa group CEO Arrie Rautenbach.
Absa’s share price was up 2.28% at R141.34 at close of trade on Friday.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Absa appoints Deon Raju as its new finance chief
Bank announces several appointments from internal staff
Absa has promoted its group chief risk officer Deon Raju to the role of financial director, after the resignation of Jason Quinn who left the position last year after he was appointed as Nedbank CEO designate.
Quinn, who spent 15 years with Absa, will take over from Nedbank veteran Mike Brown next month.
Absa said Raju will assume his new role immediately.
“He joined Absa in 1999 and was the group treasurer between 2016 and 2021. Deon becomes a member of the board group risk and capital management committee, group credit risk committee and the information technology committee,” the group said.
Chris Snyman, interim financial director of Absa Group and Absa Bank, will relinquish these roles and step down as an executive director of the boards and as member of these committees with immediate effect.
The lender also appointed Rajal Vaidya interim group chief risk officer. Vaidya holds the same role at Absa corporate and investment banking.
Cowyk Fox has stepped down as CEO of everyday banking, and will be replaced by Christine Wu.
“It is pleasing to note that the appointments announced today are internal colleagues who have proven track records of delivering results in their respective fields and will contribute further to driving growth and empowering Africa’s tomorrow,” said Absa group CEO Arrie Rautenbach.
Absa’s share price was up 2.28% at R141.34 at close of trade on Friday.
Khumalok@businesslive.co.za
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