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BL Premium reports that Investec Bank has announced that Cumesh Moodliar will take over from current CEO Richard Wainwright, who announced in May that he planned to step down in 2024.
All in all, Wainwright has spent about 28 years with the Investec group. Moodliar, who first joined the Investec group in 2012, will start in April, while Wainwright will remain an executive until his planned retirement in 2025. Moodliar was previously the regional head of private banking in the Eastern Cape, the national head of banking, the head of private banking and most recently the head of the private client franchise. He studied law at Rhodes University and Nelson Mandela University before completing later programmes at Wits Business School, Harvard Business School and the Saïd Business School at Oxford University.
- Read the full original of the report in the above regard by Nico Gous at BusinessLive
Read too, Investec names next CEO of Investec Bank, at Fin24
Get other news reports at the SA Labour News home page