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Banking News

Several South African banks have recently appointed new CEOs, signalling major leadership changes in the industry.

Old Mutual named Clarence Nethengwe as CEO of its soon-to-launch OM Bank.

Nedbank appointed Jason Quinn as CEO in May 2024 (after serving as Absa’s financial director and interim CEO).

First National Bank (FNB) appointed Harry Kellan as CEO in April 2024 (after serving as CFO for FirstRand, the parent group).

ABSA recently announced that Charles Russon will take over as interim CEO of in October 2024 (he has been a key figure in Absa’s Corporate and Investment Bank (CIB) division since 2018).

Standard Bank’s leadership has also changed, with Kenny Fihla appointed as Deputy Chief Executive of the group and CEO of Standard Bank South Africa.