Absa Group Limited and Absa Bank Limited announced that Jason Quinn has resigned as Group Financial Director of Absa Group and Absa Bank to take up an opportunity outside the Group. Jason will, accordingly, no longer be an Executive Director on the Boards with immediate effect. Shareholders are also informed that Chris Snyman will become Interim Group Financial Director of Absa Group and Absa Bank with immediate effect, subject to regulatory approval.

He will also become an Executive Director on the Boards. Chris joined Absa in 2008 and is Head of Financial Decision Support, a role which he has held for the last 10 years. He holds an Honours degree in Accounting from the University of Stellenbosch and is a member of The South African Institute of Chartered Accountants.