Business Chief ME+AFRICA Magazine November 2023 | Page 53

TOP 1O

ARRIE RAUTENBACH

Absa Group Market cap : US $ 8.48bn Revenue 2022 : US $ 1.11bn
The first internally appointed CEO since 2005 , Arrie took the helm of Absa in 2022 and has since led from a transformation and inclusivity perspective – bringing black representation at leadership level closer to 50 % and ensuring succession management is part of the corporate strategy .
Under his leadership , the group saw a 13 % increase in revenue in the first half of 2023 , thanks largely to its diversification strategy .
With a banking career at Absa and Barclays Africa spanning some 25 years , Arrie previously led Absa ’ s retail banking unit – which was awarded ‘ Best Retail Bank in Africa in 2020 – and as chief risk officer , was instrumental in navigating the split from Barclays and in devising the Group ’ s strategic vision .
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