Absa names Deon Raju as financial director in executive shakeup

Absa has named Deon Raju as its new group financial director in place of the outgoing Jason Quinn, who is joining Nedbank, as part of a shake-up to its executive committee.

The bank announced the change on Friday morning, saying Raju was also appointed as an executive director of Absa Group and Absa Bank with immediate effect and that he also becomes a member of the board group risk and capital management committee, group credit risk committee and its information technology committee. The appointment of Raju was made along with a series of other changes to its executive committee, which the bank said was part of a strategic plan to boost its market competitiveness and advance its transformation, diversity and inclusion agenda.