Executive Moves
Senior appointments, board changes, and leadership transitions shaping the financial industry.
Absa appointed Eric Muriuki to lead pan-African digital growth ventures
Absa appointed former NCBA executive Eric Muriuki to a newly created pan-African growth and ventures role, with a spokesman confirming his mandate on 14 October.
Goldman Sachs' Solomon said no active succession timetable was underway
Goldman Sachs chief David Solomon said no succession transition or timetable was under way, clarifying speculation about president John Waldron while leaving routine board planning unaddressed.
Absa director Alpheus Mangale resigned from board and three committees
Absa said independent non-executive director Alpheus Mangale resigned on 8 October, leaving its board and three committees after serving as a director since July 2023.
JPMorgan appointed Rob Sweeney global investment banking chair amid expansion
JPMorgan appointed Rob Sweeney as a global investment banking chair, giving the former Goldman Sachs and Sycamore executive senior coverage responsibilities across industries including consumer and retail.
MUFG appointed Kenjiro Horikawa to lead its Philippine banking operations
MUFG appointed veteran banker Kenjiro Horikawa as managing director and Philippines country head from 1 October, placing him over the group's Manila operations after its universal banking approval.
Eurogroup opened search for Isabel Schnabel’s ECB successor with October deadline
EXCERPT: Euro-area finance ministers opened the appointment process for Isabel Schnabel’s ECB board seat, requiring national nominations by 28 October before the Eurogroup returns to the vacancy in November.
Absa Bank Ghana appointed Stephen Ato Frimpong as board chair
Absa Bank Ghana appointed Stephen Ato Frimpong as board chair from 1 October, succeeding Frances Adu-Mante after he served more than five years as an independent director.
Banque du Liban appointed Nassib Ghobril as new chief economist
Banque du Liban appointed Nassib Ghobril to the newly created chief economist role, placing the former Byblos Bank researcher in charge of its economic analysis department.
Bank of America Brazil Chief Eduardo Alcalay Announced October Departure
Bank of America Brazil country chief Eduardo Alcalay said he would leave on 26 October after nine years, while the bank began a succession process without naming a replacement.
World Bank Group announced David Vaillant as managing director and CFO
World Bank Group president Ajay Banga announced David Vaillant as managing director and chief financial officer, assigning the former BNP Paribas executive oversight of treasury, risk management and private-capital mobilisation.
Volksbank Köln Bonn Agreed Board Departure After Brothel Loan Review
Volksbank Köln Bonn and board member Jürgen Neutgens agreed to part after an external review found no financial irregularities or misconduct linked to a €5 million property loan.
I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
I&M Bank Kenya appointed former Absa Kenya leader Abdi Mohamed chief executive from 5 October after regulatory approval; Business Daily reported his gardening leave ended early.