African Bank chief executive Brian Riley. Photo: Simphiwe Mbokazi
African Bank chief executive Brian Riley. Photo: Simphiwe Mbokazi
File picture: decided to discontinue the Section 189A consultation process because of the response it had received to the  voluntary severance and retirement packages process.
File picture: decided to discontinue the Section 189A consultation process because of the response it had received to the voluntary severance and retirement packages process.
JOHANNESBURG - African Bank today announced Basani Maluleke as its new chief executive officer with effect from the begging of next month.

The bank’s current chief executive, Brian Riley, retires with effect from 31 March 2018.

Louis von Zeuner, the chairperson of the Board of African Bank, said the board looked forward to working with Basani in her capacity as chief executive, as the group continues to execute on its mission of becoming a successful retail bank.”

“The Board welcomes the formal appointment of Basani as CEO, following a successful induction process since July 2017, as previously announced,” von Zeuner said.

“Basani has been an integral part of African Bank’s turnaround since her appointment as a non-executive in July 2015 and subsequent transition to the executive team on 3 July 2017, serving as Group Executive for Operations.”

Maluleke holds B Com LLB and MBA degrees and is an admitted attorney. She has over ten years of financial services working experience and has also worked for

FirstRand’s RMB division as well as in various FNB divisions

Maluleke Said she is optimistic about the future prospects for African Bank, having worked closely with the executive team for the past several months.

“We remain committed to delivering on our stated success factors for 2021 and, while we recognise that the competition is tough, we have a strong team to meet our stakeholders’ expectations,” Maluleke said.


- BUSINESS REPORT ONLINE