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Peter Matlare appointed BAGL Deputy CEO for rest of Africa  

 7/1/2016 
  • Matlare becomes an Executive Director to drive rest of Africa growth strategy
  • David Hodnett continues as Financial Director and Deputy Chief Executive Officer with responsibility for SA banking business.
  • Stephen van Coller, CEO of Corporate and Investment Bank to retire from banking effective 30 September 2016.

Barclays Africa Group Ltd (BAGL) is pleased to announce the appointment of Peter Matlare as Deputy Chief Executive Officer with responsibility for our rest of Africa banking operations with effect from 1 August 2016. He will remain on the Board but change from non-executive to executive director.

The appointment of a Deputy CEO and Executive Director to oversee the rest of Africa business underscores Barclays Africa’s strategy to grow across all its markets in Africa.

Group Chief Executive Officer, Maria Ramos commented: “Peter is a seasoned executive that brings a wealth of skills and leadership experience across multiple industries. He knows our business intimately having served as an independent non-executive director since 2011. We look forward to his contribution as we continue to pursue our growth strategy in markets across the continent.”

“Barclays Africa is a robust business with excellent growth opportunities on the African continent. I am delighted to join a team that has delivered sustainable and strong returns for shareholders on the back of a sound and differentiated strategy, and I look forward to contributing to its success in a new role on the Executive Committee,” said Matlare.

The responsibility for rest of Africa previously fell under the portfolio of David Hodnett, the Deputy Chief Executive Officer and Financial Director of BAGL.

David Hodnett shall continue as Financial Director and Deputy Chief Executive Officer of BAGL, but with responsibility for the South African [banking] businesses, which make up a substantial part of Barclays Africa. This includes Retail and Business Banking and the Corporate and Investment Bank.

“David Hodnett’s appointment is critical to growing our SA business, which remains our base and the biggest component of BAGL. As an Executive Director on our Board he will continue to play a key role in driving our growth strategy,” Ramos commented.

Craig Bond will continue in his role as chief executive of the retail and business bank (RBB) and a member of the Barclays Africa executive committee.

Stephen Van Coller, CEO of Barclays Africa Corporate and Investment Bank, will retire from banking with effect from 30 September 2016.

“Stephen has been a key driver of change in the BAGL business. He has been instrumental in the growth of our corporate and investment banking business and has been at the heart of our Shared Growth strategy spanning education and skills training, enterprise development and financial inclusion – which is being launched next week. I am very grateful to him for his dedication and contribution. All of us at Barclays Africa wish him all the best in his future endeavours,” said Ramos.

Ends

For more information please contact:

Zintle Letlaka
Barclays Africa Group Media Relations
011 350 4481
071 371 9224
Zintle.letlaka@absa.co.za

About Barclays Africa Group

Barclays Africa Group Limited is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups. We are uniquely positioned as a fully local, fully regional and fully international bank. We offer personal and business banking, credit cards, corporate and investment banking, wealth and investment management and insurance.

Barclays Africa is 50.1% owned by Barclays Bank PLC (Barclays). At 31 December 2015, we had 847,8 million shares in issue and a market capitalisation of R121.6 billion. We operate in 12 countries with about 40 thousand permanent employees and we serve more than 12 million customers.

Our registered head office is in Johannesburg, South Africa and we have majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria. Barclays Bank PLC has operations in Egypt and Zimbabwe which continue to be run by Barclays Africa operationally.

For further information about Barclays Africa, please visit our website www.barclaysafrica.com.

About Barclays

Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions in the right way. With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

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