Daniel Mminele Wiki – Daniel Mminele Biography
Daniel Mminele is the chief executive officer (CEO) of Absa Group Limited, a financial services conglomerate, with headquarters in Johannesburg, South Africa, and subsidiaries in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. Before he joined Absa Group as CEO in January 2020, he spent more than 20 years at the South African Reserve Bank (SARB), where he rose through the ranks to be a Deputy Governor and a member of key committees such as the Monetary Policy Committee and Financial Stability Committee. He retired from the SARB in June 2019, after his second consecutive five-year term as Deputy Governor came to an end. On Tuesday, April 20, 2021, an announcement was made that by the end of April 2021 he will step down as the CEO of the Absa Group.
He studied in Germany and was trained as a banker at Sparkasse Paderborn, in association with the Chamber of Commerce and Industry of East-Westphalia (Bielefeld), obtaining his banking qualification in 1987. He also later obtained various associate certificates from the Chartered Institute of Bankers of the United Kingdom, attending classes for these at City of London Polytechnic (later Guildhall University). Mminele spent eight years from 1987 to 1995 in various roles at the Westdeutsche Landesbank Girozentrale, at its offices in Düsseldorf and London. He returned to South Africa in 1995, then spent about two years at Commerzbank, working as a customer relations manager in corporate banking, and about equal time at African Merchant Bank, as a project and structured finance specialist, based in Johannesburg. In 1999, he joined the South African Reserve Bank. In 2009, he was appointed as deputy governor responsible for financial markets and international economic relations.
He took over as chief executive officer at Absa Group, on 15 January 2020, the first person of African descent to serve in a role. While at the SARB, he was a member of the Reserve Bank’s monetary policy and financial stability committee. With his appointment as CEO at Absa, Mminele is the first Black African to serve in that role. In 2018, the German President Frank-Walter Steinmeier bestowed the Great Order of Merit to Mminele for his work in promoting German-South African relations. The Great Order of Merit is the highest honour Germany can pay to an individual for services to the country. In 2019 he was awarded the Lifetime Achiever Award by the Association of Black Securities and Investment Professionals (ABSIP)
Daniel Mminele Age
He was born in 1965 in Phalaborwa, Mopani District Municipality, Limpopo Province, South Africa.
Daniel Mminele Wife
He has kept his personal life private. He has not disclosed whether he is married or not. We are still reviewing this information and will update it as soon as we can.
Daniel Mminele Family
He was born in South Africa. He has however not shared any information about his family whatsoever.
Daniel Mminele Resignation
He was the first black executive to lead Absa Group Limited and will exit his role as CEO at the end of April, roughly 16 months into the role, due to differences with executives over the strategic direction of the country’s third-biggest banking group by assets.
Confirming an earlier Business Day article, Absa said in a statement on Tuesday, April 20, 2021, that the group had reached an agreement with Mminele that would see him step down as a director and group CEO with effect from April 30, 2021.