Absa Group Appoints New Chief Risk Officer

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).

“Deon’s experience adds to the strength of the Group’s executive leadership team, and his appointment speaks to growing talent from within our Group,” says Jason Quinn, Absa Interim Group Chief Executive.

Absa Partners with AWS to Launch Cloud Computing Skills Incubator

Absa has launched a cloud incubator initiative in collaboration with Amazon Web Services (AWS) to enhance its cloud computing skills across its operations in Africa.

This move is part of Absa’s broader efforts to promote learning, experimentation and innovation across the organisation to enhance the banking experience for its customers.

“Cloud is rapidly becoming the norm for large companies, a trend that was accelerated by the COVID-19 pandemic, which prompted a step-change in digital solutions,” says Andrew Baker, Absa Group CTO.

“Using cloud allows us to store much more data cost-efficiently, compared with physical data centres. Cloud has already improved our ability to manage and access data and will enable us to bring products to market faster.”

“Accelerating cloud adoption will have a significant impact on Absa’s ability to innovate, offer new value propositions, and play a meaningful role in our customers’ and clients’ experiences,” says Baker.

Edited by Jenna Delport
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