Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      MultiChoice is working on a wholesale overhaul of DStv

      10 July 2025

      Spam call epidemic: operators say their hands are tied

      10 July 2025

      Britehouse unit breaks free from NTT Data

      10 July 2025

      Samsung’s bet on folding phones faces major test

      10 July 2025

      OpenAI to launch web browser in direct challenge to Google Chrome

      10 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025

      Grammarly acquires e-mail start-up Superhuman

      1 July 2025

      Apple considers ditching its own AI in Siri overhaul

      1 July 2025
    • In-depth

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025
    • TCS

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025

      TCS+ | First Distribution on the latest and greatest cloud technologies

      27 June 2025

      TCS+ | First Distribution on data governance in hybrid cloud environments

      27 June 2025
    • Opinion

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Barclays Africa gets new CTO amid management shake-up

    Barclays Africa gets new CTO amid management shake-up

    By Agency Staff9 April 2018
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Image c/o Richard Atkinson (CC BY-SA 2.0)

    Barclays Africa Group, South Africa’s third biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its UK parent.

    The Johannesburg-based firm will separate retail and business banking, investment banking, wealth and insurance, and its operations in the rest of Africa, it said in a statement on Monday. Deputy CEO David Hodnett, who became finance director in 2010, will take a two-month sabbatical, while Arrie Rautenbach will become head of retail and business banking in South Africa.

    Barclays Africa is separating its business from its UK parent in a process that started in 2016 and is due to be completed in early 2021. The London-based bank paid £765m for the split and the deal has allowed Barclays Africa to set out its own strategy for growth in South Africa and on the rest of the continent where it has operations in more than 10 countries.

    Charles Russon will take on the role of chief technology officer, while August Van Heerden will become chief risk officer and part of the executive committee

    Yasmin Masithela, former head of compliance, will become chief executive of strategic services, responsible for digital strategy, group strategy and the bank’s separation from its British parent. Bongiwe Gangeni will head the lender’s private and business banking, and will become deputy chief executive of retail and business banking in South Africa. Charles Russon will take on the role of chief technology officer, while August Van Heerden will become chief risk officer and part of the executive committee.

    Barclays Africa plans to double in size and capture at least 12% of banking revenues across the continent. CEO Maria Ramos said in March she will consider acquisitions to support the company’s growth, explore strategic partnerships and new markets, and use technology to make the lender’s operations fully digitised. To do this, Ramos said it would create a consumer-finance business across Africa, build a payments hub and boost its transaction banking platform.

    Barclays Africa, which will change its name to Absa Group later this year, rose 0.2% to R187.23 as of 10:04am in Johannesburg.  — Reported by Renee Bonorchis and Sam Mkokeli, (c) 2018 Bloomberg LP



    Absa Arrie Rautenbach Barclays Africa Group Bongiwe Gangeni Charles Russon David Hodnett Maria Ramos top Yasmin Masithela
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleBackspace: ‘I deleted Facebook’
    Next Article Interview: Seaborn Networks COO Andy Bax

    Related Posts

    Absa CEO Fihla to ditch ‘prison’ branches and revamp customer focus

    1 July 2025

    Absa chairman Sello Moloko to step down

    7 May 2025

    Economic growth could triple this year: Absa

    26 March 2025
    Company News

    AI in project management: a new era of efficiency and transformation

    10 July 2025

    Samsung unfolds the future with thinnest, lightest Galaxy Z Fold yet

    9 July 2025

    Huawei supercharges South African SMEs with over 20 new eKit products

    9 July 2025
    Opinion

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.