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Absa to appoint former central bank deputy chief Mminele as CEO – media

The appointment follows the resignation of Maria Ramos in February.
Daniel Mminele. Image: Erica Canepa, Bloomberg

Former South African Reserve Bank deputy governor Daniel Mminele will be appointed chief executive of Absa, the BusinessDay newspaper reported on Wednesday citing anonymous sources.

A spokeswoman for the financial services firm did not respond to Reuters requests for immediate comment.

Long-time Absa boss Maria Ramos retired earlier this year and the bank said in August it had completed a selection process for a successor. 

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This is the best appointment ABSA has made in 20 years.

Standard Bank gets to have The Treasury Department and Standard Bank gets to have the Reserve Bank. Nedbank gets to advice on all BEE deals.

Absa is a very interesting institution.ANC’s elite super private bank.

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