Arrie Rautenbach: Six months into the hot seat, Absa's CEO says the bank is outperforming peers
For many observers of SA's banking sector, Absa has been the sleeping giant that somehow never manages to fulfil its huge potential. After numerous false starts, however, under new CEO Arrie Rautenbach, this time may indeed be different. The banking group's new leader started at the bottom of the pile (in collections) a quarter century ago and packed his executive committee with other Absa 'lifers'. He appeared an unlikely candidate for the top job, but since his appointment in late March, Rautenbach has accelerated the "reimagining" of a group emerging from a three-year process of extricating itself from former parent Barclays Plc. This interview with Alec Hogg of BizNews goes some way to confirming why so many JSE investors, including financial services investing guru Kokkie Kooyman, are tipping a resurgent Absa as the bank most likely to challenge SA's market leaders.
Пікірлер: 8
Great interview Alec. Arrie is super experienced, talented & has a solid team behind him. Not all strategy is visible or needs to be made visible. Behind the scenes, they know what they are doing. All the best Arrie & Absa.
Alec I would love you to get someone on like Sean P and question why banking fees are so high in SA compared to the UK
25+ years at ABSA?? Interesting. Seems like the least engaging/ intriguing leader for such a massive entity. Plus less than visionary especially when discussing international not a hint of confidence or growth or vision. Very very lacking. No surprise I guess as hardly an exciting brand even when considering it’s an “African” bank. Sure. No colour no vibrancy. Don’t even get me started on retail products and services. The most interesting/ exciting I see is that he’s not wearing a tie. Groundbreaking.
@bonganimabuza4211
Жыл бұрын
❤
sorry sir, ABSA has become a relic. it centralizes all its functions thus the representative at branch level has no authority, input or leeway to do business. your app is dataphobic and functionless. your banking costs is xtremely expensive for services rendered even if you promise good interest rates