The South African Reserve Bank’s (SARB’s) Deputy Governor of
Financial Stability & Currency, Francois Groepe has resigned effective 31 January 2019 to pursue outside opportunities. The bank is currently in the process of finding a replacement.
Groepe is one of the central bank’s three deputies.
He has been at SARB for 14 years, seven served as a non-executive director and seven as an executive.
According to a statement from the bank wishing Groepe well, Groepe in his role as deputy governor provided oversight over the Financial Stability Department, the National Payment System Department, Risk Management & Compliance Department, the Currency Cluster and the Security Management Department.
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