Absa Life appoints a New Managing Executive

Absa announced that it has appointed Jannie Venter as Managing Executive for Absa Life. Venter has solid experience in the financial services industry, having held a number of leadership positions at reputable financial organisations, including being responsible for business development in emerging markets and bancassurance.

Commenting on the appointment, Willie Lategan, Chief Executive for Absa Financial Services, said: “We are proud to have such a distinguished member of the industry join our leadership team as he brings with him a wealth of experience. He is a valuable addition to our business and will assist us as we continue to provide our clients with the best of breed financial solutions under the One Absa umbrella.”

Venter is a Fellow at the Actuarial Society of South Africa (FASSA) and holds a B.Sc. Mathematical Statistics (University of the Free State) and B.Sc. (Honours) Actuarial Science (University of Cape Town). He has participated in various industry boards and associations, and was - up to very recently – a member of the Association for Savings and Investment South Africa’s Marketing and Distribution Board Committee and convener of the Association’s Universal Disclosure Sub-Committee.

Venter’s appointment is effective as from 01 October 2011.