Personal and Private Banking

Absa Group has confirmed the appointment of M-PESA Africa chief executive Sitoyo Lopokoiyit as the new head of its Personal and Private Banking division, marking a significant leadership move as the South African lender accelerates its pan-African growth strategy. The move, first reported by South African business publication Business Day, has now secured regulatory approval from the South African Reserve Bank, clearing the way for Lopokoiyit to assume the role in April. His appointment is notable on several fronts. He becomes the first non-South African to lead Absa’s Personal and Private Banking unit, one of the group’s largest and most…