Barclays Africa group CEO, Maria Ramos, yesterday thanked Bungane for his contribution to the execution of the bank’s African growth strategy and wished him continued success. “At this stage Kennedy is keeping details of his new role confidential and we respect his wishes. A decision about a replacement for Kennedy will be made in due course,” a Barclays Africa spokesperson told Business.
In the interim, the Barclays Africa executive will assume accountability for Bungane’s portfolio, in addition to their current responsibilities.
“After a fulfilling career I have decided to change industries and gain new experiences. ,” Bungane said.
With Ramos at the helm, Barclays Africa aims to increase the share of its non-South Africa business to 25% and become a top three bank by revenue in its four biggest markets outside of South Africa by 2016. Ramos said it was on track to deliver on these targets.