Matthews Sello Moloko (born 6 July 1965) is a South African businessman, banker and corporate executive, who serves as group chairman of Absa Group, a large pan-African financial services group, with subsidiaries in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia. He concurrently serves as the chairman and non-executive director of

Absa Bank Limited Absa Bank Limited (ABL), formerly known as Amalgamated Banks of South Africa, is a commercial bank in South Africa. It is licensed by the Reserve Bank of South Africa, the central bank and national banking regulator. Location The bank's he ...

, the South African subsidiary and the largest of the subsidiary banks of the Absa Group. He began his tenure at Absa on 1 April 2022. He is also the chairman of Telkom, the South African telecommunications conglomerate, since March 2019.

Background

Sello was born 6 July 1965 in Soweto, South Africa. He holds a

Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University of ...

degree in

Mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ...

and a Postgraduate Certificate in Education, both obtained from the

University of Leicester , mottoeng = So that they may have life , established = , type = public research university , endowment = £20.0 million , budget = £326 million , chancellor = David Willetts , vice_chancellor = Nishan Canagarajah , head_labe ...

in the United Kingdom. He also successfully attended an

Advanced Management Program An Advanced Management Program (AMP) is an intensive non-degree senior executive education program often offered by elite business schools and aimed at senior managers and government officials. It is offered by business schools in several parts of ...

, at the

Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League rese ...

, in the United States.

Career

Sello was appointed as a non-executive director of the Absa Group in October 2021, with his appointment effective 1 December 2021. At the same time, he was appointed as chairman-designate of both

Absa Group Limited Absa Group Limited (ABGL; formerly Barclays Africa Group Limited), and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and invest ...

and

, effective 1 April 2022. He replaced

Wendy Lucas-Bull Wendy Elizabeth Lucas-Bull (''née'' ''Adair''; born 1955) is a South African businesswoman, banker and corporate executive, who served as the chairperson The chairperson, also chairman, chairwoman or chair, is the presiding officer of an org ...

, who retired as the bank group's chairperson after nine consecutive years in that position. Previous leadership positions in business include as co-founder and Executive Chairman of ''Thesele Group'', an all-Black diversified investment company. His business experience spans over 30 years. He has served in the past as the CEO of Old Mutual Asset Managers. He has previously chaired the boards of diverse companies, including Alexander Forbes, Sibanye-Stillwater and ''General Reinsurance Africa''. Sello also serves on the boards of ''M&G Investments'' and ''DG Capital''. He is the former deputy CEO of ''Capital Alliance Asset Managers''. Sello is a Trustee of the University of Cape Town Foundation. He previously served as the president of the national ''Association of Black Securities and Investment Professionals'' (ABSIP).

References

External links

Personal Profile at LinkedIn.com
{{DEFAULTSORT:Moloko, Sello 1965 births Living people Absa people South African bankers South African investment bankers South African businesspeople Alumni of the University of Leicester Wharton School of the University of Pennsylvania alumni

Background

Career

See also

References

External links