A woman walks past a branch of Barclay's South African subsidiary Absa bank in Cape Town

S.Africa's Absa bank says has found new CEO, to be named in due course

JOHANNESBURG (Reuters) - South African lender Absa said on Monday it had completed the process to appoint a new CEO, who would be named in due course and take up office in January.

"The individual will be announced in due course (as per the conditions imposed by the Prudential Authority) and will take up office in January 2020," the bank said in a statement.

When long-time boss Maria Ramos retired earlier this year, Absa said it was confident it could name its new CEO before reporting half year results. The results are due to be announced on Tuesday.

(Reporting by Emma Rumney, editing by Deepa Babington)

2019-08-12 17:49:30

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.