Barclays Africa Group Limited announces the appointment of Nomkhita Nqweni as Chief Executive of Wealth, Investment Management and Insurance (WIMI) with effect from 1 October 2015, reports Footprint to Africa.
Commenting on the appointment, Barclays Africa Chief Executive Officer Maria Ramos said, “Nomkhita has been instrumental in integrating the Wealth and Investment Management businesses and her appointment shows our continued commitment to developing and recognising talent within our organisation. Nomkhita brings skill and diversity to this important role and will continue to build on the solid franchise the WIMI division has become.”
Nomkhita, who will replace Willie Lategan, is currently Barclays Africa Chief Executive of Wealth and Investment Management, responsible for circa R268 billion of assets under management.
In her new role, Nomkhita will be responsible for the Absa Life, short-term insurance, fiduciary and distribution businesses in addition to her current portfolio which includes wealth advisory, stockbroking and asset management.
She has been a member of the Barclays Africa executive committee since 2013 and chairs the Group’s Diversity and Inclusion Council. She will report to Maria Ramos, Barclays Africa Chief Executive Officer.
Footprint to Africa learnt that prior to Nomkhita joining Barclays Africa in 2010, she was Managing Director of Alexander Forbes Financial Services Holdings Ltd (Africa).