Absa Group Limited (ABG.JO)

14,134.00 +301.00 (+2.18%) At close: 06:02PM SAST

Absa Group Limited

Absa Towers West
7th Floor 15 Troye Street
Johannesburg 2001
South Africa
27 80 041 4141
https://www.absa.africa

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 37,107

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Arrie Rautenbach	Group CEO & Executive Director	23.03M	N/A	1966
Mr. Christopher Snyman	Interim Group Financial Director & Executive Director	7.68M	N/A	1976
Mr. Charles Russon	Chief Executive of Corporate & Investment Banking	19.64M	N/A	1966
Mr. Cowyk Fox	Chief Executive of Everyday Banking	9.78M	N/A	1974
Dr. Faisal S. Mkhize	Chief Executive of Relationship Banking	10.77M	N/A	1974
Mr. Geoffrey S. Lee	Chief Executive of Product Solutions Cluster	11.03M	N/A	1971
Mr. Saviour Mwepu Chibiya	Chief Executive of Absa Regional Operations	11.51M	N/A	1972
Mr. Johnson Idesoh	Group Chief Information & Technology Officer	N/A	N/A	1971
Mr. Alan M. Hartdegen	Head of Investor Relations	N/A	N/A	N/A
Mr. Akash Singh	Group Chief Compliance Officer	N/A	N/A	1973

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in ZAc.

Description

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments; and savings and investment products and services. In addition, it offers insurance and financial advisory, stockbroking and portfolio management, and trust administrative services, as well as operates a digital advice platform and a direct sales service center. Further, the company provides trade and working capital, cash management, payment, and liquidity products and solutions; and investment banking, private equity and infrastructure investment, and commercial property financing services. Additionally, it offers broker-dealer trading in debt and equity securities; and solicitation, syndication, selling, and arranging of equity and debt products, as well as financial, leasing, and management services. The company was formerly known as Barclays Africa Group Limited and changed its name to Absa Group Limited in May 2018. Absa Group Limited was incorporated in 1986 and is based in Johannesburg, South Africa.

Corporate governance

Absa Group Limited’s ISS governance QualityScore as of 1 April 2024 is 4. The pillar scores are Audit: 3; Board: 5; Shareholder rights: 2; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.