Sello Moloko
Sello Moloko (born circa 1966), is a South African businessman, banker and corporate executive, who serves as the chairperson of Absa Group, a large pan-African financial services group, with subsidiaries in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia. He concurrently serves as the chairman and non-executive director of Absa Bank Limited, the South African subsidiary and the largest of the subsidiary banks of the Absa Group. He began his tenure at Absa on 1 April 2022.[1][2]
Sello Moloko | |
|---|---|
| Born | c. 1966 (age 55–56) |
| Nationality | South African |
| Citizenship | South African citizenship |
| Alma mater | University of Leicester (Bachelor of Science in Mathematics) (Postgraduate Certificate in Education) Wharton School of the University of Pennsylvania (Advanced Management Program) |
| Occupation | Businessman, Banker & Corporate Executive |
| Years active | since 1992 |
| Title | Chairperson of Absa Group and Absa Bank Limited |
| Term | Since 1 April 2022 |
| Predecessor | Wendy Elizabeth Lucas-Bull |
Background
Sello was born in South Africa circa 1966. He holds a Bachelor of Science degree in Mathematics and a Postgraduate Certificate in Education, both obtained from the University of Leicester in the United Kingdom. He also successfully attended an Advanced Management Program, at the Wharton School of the University of Pennsylvania, in the United States.[1][2]
Career
Sello was appointed as a non-executive director of the Absa Group in October 2021, with his appointment effective 1 December 2021. At the same time, he was appointed as chairman-designate of both Absa Group Limited and Absa Bank Limited, effective 1 April 2022. He replaced Wendy Lucas-Bull, who retired as the bank group's chairperson after nine consecutive years in that position.[1][2][3]
Previous leadership positions in business include as co-founder and Executive Chairman of Thesele Group, an all-Black diversified investment company. His business experience spans over 30 years. He has served in the past as the CEO of Old Mutual Asset Managers. He has previously chaired the boards of diverse companies, including Alexander Forbes, Sibanye-Stillwater and General Reinsurance Africa. Sello also serves on the boards of M&G Investments and DG Capital. He is the former deputy CEO of Capital Alliance Asset Managers.[1][2][3][4]
Sello is a Trustee of the University of Cape Town Foundation. He previously served as the president of the national Association of Black Securities and Investment Professionals (ABSIP).[4]
See also
References
- Absa Group Limited (26 October 2021). "Absa Group Board appoints Sello Moloko as Chairman-designate". Absa Group Limited. Johannesburg, South Africa. Retrieved 1 April 2022.
- Tim Cohen (26 October 2021). "Absa appoints Sello Moloko as chair-designate in the wake of Sipho Pityana fallout". Daily Maverick. Johannesburg, South Africa. Retrieved 1 April 2022.
- Emma Rumney and David Goodman (26 October 2021). "South African lender Absa names Sello Moloko as next chairman". Reuters.com. Retrieved 1 April 2022.
- Nelson Mandela Foundation (1 April 2022). "Mr Sello Moloko". Nelson Mandela Foundation. Houghton, South Africa. Retrieved 1 April 2022.