Charles Russon Archives

A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.

Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized.

October 24, 2025

The Big Story

David Wandera MD ABSA and Sanjay Rughani Standard Chartered Bank Uganda CEO.

Absa Bank Acquires Standard Chartered’s Retail and Wealth Business in Uganda

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s banking landscape

October 24, 2025

The Big Story

Left-Right: Cheryl Buss, CE, Absa International; Li Zhigang, Minister-Envoy, Consulate General of the People’s Republic of China; Enoch Godongwana, Minister of Finance, South Africa; Sello Moloko, Chairman, Absa Group; Chen Xiaodong, Ambassador of the People’s Republic of China to the Republic of South Africa; Arrie Rautenbach, CEO, Absa Group; Liu Yu, Minister-Counsellor, Consulate General of the People’s Republic of China; Charles Russon, CE, Absa Corporate and Investment Banking and Klaus-Dieter Kaempfer, Head: Commercial Property Finance.

Sino-African trade: Absa Group opens office in China

Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with the official

February 1, 2024