Barclays Africa Group appointed Tiger Brands former CEO Peter Matlare as Deputy Chief Executive Officer. Matlare will be responsible for its rest of Africa banking operations with effect from 1 August 2016. He will remain on the board but change from non-executive to executive director.
In a statement the bank said the following:
The appointment of a Deputy CEO and Executive Director to oversee the rest of Africa business underscores Barclays Africa’s strategy to grow across all its markets in Africa.
Group Chief Executive Officer, Maria Ramos commented: “Peter is a seasoned executive that brings a wealth of skills and leadership experience across multiple industries. He knows our business intimately having served as an independent non-executive director since 2011. We look forward to his contribution as we continue to pursue our growth strategy in markets across the continent.”
“Barclays Africa is a robust business with excellent growth opportunities on the African continent. I am delighted to join a team that has delivered sustainable and strong returns for shareholders on the back of a sound and differentiated strategy, and I look forward to contributing to its success in a new role on the Executive Committee,” said Matlare.
The responsibility for rest of Africa previously fell under the portfolio of David Hodnett, the Deputy Chief Executive Officer and Financial Director of BAGL.
David Hodnett shall continue as Financial Director and Deputy Chief Executive Officer of BAGL, but with responsibility for the South African [banking] businesses, which make up a substantial part of Barclays Africa. This includes Retail and Business Banking and the Corporate and Investment Bank.
“David Hodnett’s appointment is critical to growing our SA business, which remains our base and the biggest component of BAGL. As an Executive Director on our Board he will continue to play a key role in driving our growth strategy,” Ramos commented.
Craig Bond will continue in his role as chief executive of the retail and business bank (RBB) and a member of the Barclays Africa executive committee.
Stephen Van Coller, CEO of Barclays Africa Corporate and Investment Bank, will retire from banking with effect from 30 September 2016.
“Stephen has been a key driver of change in the BAGL business. He has been instrumental in the growth of our corporate and investment banking business and has been at the heart of our Shared Growth strategy spanning education and skills training, enterprise development and financial inclusion – which is being launched next week. I am very grateful to him for his dedication and contribution. All of us at Barclays Africa wish him all the best in his future endeavours,” said Ramos.