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Absa Strengthens Executive Management Team with New Appointment

02 February 2012 Absa
Avinash Singh, newly appointed Head of Absa Private Bank

Avinash Singh, newly appointed Head of Absa Private Bank

Avinash Singh joins as Head of Absa Private Bank

Absa Bank, South Africa’s leading bank, recently announced the appointment of Avinash Singh as the new Head of their Private Bank Unit. Singh was previously Head of Segments at Absa Business Bank responsible for Small Business, Public Sector, Africa Corporate, AgriBusiness and Enterprise Development.

Based at Absa’s Private Bank headquarters in Sandton, Avinash Singh will report to Arrie Rautenbach, Head of Retail Markets.

Commenting on the appointment Arrie Rautenbach, Head of Retail Markets at Absa says: “As an integral player in the South African economy, Absa has built its business and brand on a reputation of trust and integrity. Central to its strategy for growth is the development of a talent pipeline. Avinash is a product of this pipeline and it gives me great pleasure to welcome him to his new role. He has extensive banking experience with a solid track record at Absa and will be pivotal in driving Absa’s positioning and growth in the affluent individual segment.”

Singh was also the Managing Director for Absa Debtor Finance (Pty) Ltd, a previously wholly owned subsidiary of Absa Bank Limited where he oversaw the delivery of working capital and trade solutions to the business market segment. He also completed a two-year developmental stint as Chief of Staff in the office of the Absa Group Chief Executive (GCE). In this role he worked closely with the GCE interfacing with all key stakeholders of the Bank while remaining intimately involved with the evolution and execution of the strategy.

Avinash holds a B.Pharm (UKZN), Post grad. Dip. Mkt Mgmt (UNISA), MBA Finance (Wits) degrees. He has completed the Absa Development Initiative (ADI), a three year leadership development programme and is a member of the Young Presidents Organisation (YPO).

Singh’s appointment arrives as Private Bank celebrates being awarded the Best Islamic Private Bank following submissions to the Islamic Business and Finance Awards, based in Dubai. This global award is largely attributable to, among other things, the bank’s innovative Islamic value proposition to the Private Banking segment which is fully Shari’ah compliant.

“Within the ethos of our client-driven focus, our aim is to deliver holistic and customised solutions through a relationship driven model that meets the banking needs of our clients and simultaneously helps them build, grow and protect wealth,” says an enthusiastic Singh ready for tasks ahead.

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