Arnold Rautenbach (born 27 March 1965) is the chief executive officer (CEO), of Absa Group Limited, a financial services conglomerate, with headquarters in Johannesburg, South Africa, and subsidiaries in eleven sub-Saharan countries. Prior to his current assignment, Rautenbach was the head of the bank group's retail and business banking (RBB) unit. He takes over from Jason Quinn, who was the interim CEO of Absa Group from April 2021 to March 2022. Jason Quinn resumed his role as Absa Group's Financial Director. Rautenbach's tenure as Group CEO of Absa Group started on 29 March 2022.[1][2]
Arnold Rautenbach | |
|---|---|
| Born | 27 March 1965 South Africa |
| Nationality | South African |
| Alma mater | North-West University INSEAD |
| Occupation(s) | Businessman and Banker |
| Years active | 1997 - present |
| Title | Chief Executive Officer Absa Group Limited |
| Term | 2022 - present |
| Predecessor | Jason Quinn |
Background and education
editRautenbach is a South African national. He holds a Bachelor of Business Administration degree (BBA) and a Master of Business Administration degree (MBA), both awarded by North-West University, Potchefstroom Campus. He has also received specialized training in management from INSEAD.[1]
Career
editAt the time he became CEO of Absa Group, Rautenbach had over 25 years of banking experience. He joined Absa Group in the late 1990s, starting out at Bankfin. He has served in various roles, including as managing executive of distribution, managing executive of Absa Card Division and as chief executive of Retail and Business Banking.[1][2][3]
Other considerations
editIn his new role as CEO of Absa Group, Rautenbach sits on the boards of Absa Group Limited and Absa Bank Limited.[3] He is the substantive CEO appointed to replace the last substantive Absa Group CEO, Daniel Mminele, who resigned on 20 April 2021.[2]
Rautenbach's tenure as Group CEO, began a few days before a new group Chairperson, Sello Moloko, assumed office, replacing Wendy Lucas-Bull, who retired on 31 March 2022.[4]
See also
editReferences
edit- ^ a b c Tech Central South Africa (29 March 2022). "Arrie Rautenbach is new Absa CEO". NewsCentral Media. Johannesburg, South Africa. Retrieved 29 March 2022.
- ^ a b c Suren Naidoo (29 March 2022). "Arrie Rautenbach appointed Absa CEO with immediate effect". MoneyWeb South Africa. Johannesburg, South Africa. Retrieved 29 March 2022.
- ^ a b Susan Nyawira (29 March 2022). "Absa Group Appoints Arrie Rautenbach As CEO". 98.4 Capital FM. Nairobi, Kenya. Retrieved 29 March 2022.
- ^ Kenneth Kazibwe (29 March 2022). "Absa appoints new Group Chief Executive Officer". Nile Post Uganda. Kampala, Uganda. Retrieved 29 March 2022.