SARB deputy governor resigns

PUBLISHED: Wed, 02 Jan 2019 16:15:27 GMT

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.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.