Peter Matlare of Absa Group passes on


The Executive Director and Deputy Group Chief Executive of Absa Group Peter Matlare has died.

He passed on 7 March 2021 due to COVID-19-related complications.

“It is with profound sadness that the Absa Group announces the passing of our Executive Director and Deputy Group Chief Executive Peter Matlare on 7 March 2021 due to COVID-19-related complications,” a statement from the bank said.

Peter joined the Absa Group Limited board as an independent Non-Executive Director in 2011. In August 2016, he was appointed Group Deputy Chief Executive Officer, as well as Chief Executive responsible for Absa Regional Operations, covering our presence on the continent outside of South Africa.

“He played a key role in overseeing our regional operations and safely leading our banks through the major Separation from Barclays and rebrand to Absa,” Wendy Lucas-Bull, Absa Group Limited Chairman said.

Peter has made a significant contribution to the Group, and Absa has lost a dedicated leader, a visionary and an amazing human being. More recently, Peter’s leadership was critical in ensuring that the Separation from Barclays, a complex multi-year project which also included the largest single data and systems migration in Africa, was successful across Absa’s operations on the continent.

“Peter was a seasoned corporate executive, a good leader, inspirational, and passionate about his work, always strongly invested in the success of our continent. I will miss his friendship, collegiality, guidance and wise counsel,” said Daniel Mminele, Absa Group Chief Executive. 

About Absa Group Limited

Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups.

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.

Absa Group has a presence in 12 countries in Africa.

The Group’s registered head office is in Johannesburg, South Africa, and it owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa (Absa Bank), Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia.  The Group also has representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia, and an International Representative Office in London and New York.

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