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AfricaMoney | February 6, 2017

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Barclays Africa bids good bye to regional CEO and Head of Strategy

Barclays Africa bids good bye to regional CEO and Head of Strategy

Kennedy Bungane will resign on June 18, 2014, to dedicate himself to other professional projects, after 23 years in the banking sector during which he helped shape the creation of the Barclays African group and its Africa growth strategy. (Image: African Arguments)

Barclays Africa Group recently announced that the CEO of Barclays Africa Regional Management and Head of Strategy, Kennedy Bungane, will resign on June 18, 2014, to dedicate himself to other professional projects.

In the interim, other members of the Barclays Africa management team will divide among themselves the responsibilities which fell until then on Kennedy Bungane’s shoulders.

 “After a fulfilling career, I have decided to change my area of work to gain experience in a new domain,” said Kennedy Bungane.

Kennedy Bungane has worked for 23 years in the banking sector, during which he has contributed towards the creation of the Barclays African group and the development and execution of the group’s Africa growth strategy.

Prior to that, the Harvard-trained banker served in the position of chief executive of corporate and investment banking South Africa at Standard Bank since 2009.

Bungane started his career in retail at Standard Bank in 1991 and has held a variety of senior positions since.

At Barclays Africa, Bungane was responsible for operational and business activities outside South Africa and leading business strategy across the region.

“I have had the privilege to participate in the creation of Barclays Africa which was the highlight of my career. Furthermore, I am particularly grateful to Maria Ramos and to my colleagues on the board of Barclays Africa for their support as we worked together to redefine the banking sector on the African continent and their contribution in making Barclays the ‘Go-to-Bank’ in Africa,” he added.

The group CEO of Barclays Africa, Maria Ramos, on her part, thanked Kennedy for his inestimable help, in particular for his role in the creation of the Barclays Africa Group, as well as the development and implementation of the African growth strategy.

Maria Ramos also pointed out that the objectives and priorities of Barclays Africa Group shall stay the same, despite the resignation of Kennedy Bungane, a key member of the group.

“We will continue to work to become one of the three main banks in terms of profits in our four bigger markets outside South Africa by 2016,” she said.

Barclays is an international financial services major operating as a commercial bank, investment bank and asset management services provider, with presence in Europe, America, Africa and Asia.

Barclays has more than 300 years of experience and is present in more than 50 countries, with 48 million customers, 140,000 collaborators and 4,800 outlets worldwide.


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