Absa has appointed Deon Raju as the new Group Chief Risk Officer – effective 1 June 2021. Raju is currently Absa Group Treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the Group.
He has been with Absa for more than 20 years, having held roles including in Enterprise Risk, Finance, Investment Banking, Credit Portfolio Management and Global Markets. He is a seasoned banking professional with deep institutional knowledge of the Group, as well extensive and diversified banking experience in business, finance and risk management.
Raju is a Chartered Accountant and a Chartered Financial Analyst. He holds a BCom (Honours) from the University of Natal and is currently completing an MSc in Finance at the University of Michigan (Dearborn).
Apr 29, 2021
Absa Group has appointed Deon Raju as chief risk officer, with effect from 1 June 2021. Raju is currently Absa Group treasurer, primarily responsible for the liquidity risk, funding, capital, and non-traded market risks of the group.
He has been with Absa for more than 20 years, having held roles including in enterprise risk, finance, investment banking, credit portfolio management and global markets. He is a seasoned banking professional with deep institutional knowledge of the group, as well extensive and diversified banking experience in business, finance and risk management.
Raju is a chartered accountant and a chartered financial analyst. He holds a BCom (Honours) from the University of Natal and is currently completing an MSc in Finance at the University of Michigan (Dearborn).
Race not an issue in CEO’s departure, Absa insists Board chair Wendy Lucas-Bull says first black CEO Daniel Mminele left over strategy issues 25 April 2021 - 19:21 Supporters of Daniel Mminele express their feelings over his surprise departure from Absa. The bank has rejected suggestions that race was a factor. Picture: ALON SKUY
Absa chair Wendy Lucas-Bull has defended the banking group against perceptions that its first black CEO, Daniel Mminele, was forced out as a result of clashes with white executives.
She reiterated on Sunday that his departure was a result of differences about the group’s future strategy, and was not due to any lack of commitment to transformation.
Absa fills chairs after chief executive’s exit
28 Apr 2021
Towering dispute: Earlier this month Absa announced Daniel Mminele’s departure, citing differences over strategy between him and the board.
Absa has made a new appointment in the wake of Daniel Mminele’s decision to step down as the bank’s chief executive. Absa said on Wednesday that it had appointed Deon Raju as its chief risk officer. He will take over from Rajal Vaidya, who was appointed in an acting position in February, and will start work at the beginning of June.
Raju is Absa’s group treasurer and is primarily responsible for the liquidity risk, funding, capital, and nontraded market risks. Parin Gokaldas will be Absa’s new treasurer.