Absa searching for new chief security officer as Bucchianeri says goodbye
South African financial services group Absa is looking for a new chief security officer as Sandro Bucchianeri steps down after four years.
Bucchianeri spent four years at the banking group
Bucchianeri joined the group in August 2017 having previously worked at National Bank of Abu Dhabi, Investec, and AT&T. He is set to officially leave Absa at the end of July.
“While I am sad about leaving Absa Group at the end of the month, this is a great opportunity for a world-class leader to continue the work in the security function,” writes Bucchianeri on LinkedIn.
“You will have the opportunity to lead a truly inspirational [and] amazing group of people.”
According to job postings online, Absa is also searching for a new chief transformation officer and chief information officer.
Founded in 1991, Absa holds around $90 billion in assets under management. UK bank Barclays bought a 56.4% stake in the lender in 2005.
Barclays rebranded the group to Barclays Africa, but the name switched back to Absa Group in 2018. The UK bank retains a 15% share.
Absa launched its new mobile banking platform, Spot Money, in February 2021.
The platform was spun out of Virgin Money South Africa, which rebranded in December 2020 after Absa discontinued the Virgin Money SA credit card.
Spot Money customers can remotely set up bank accounts without monthly fees and virtual cards.
The platform offers several features including loans, insurance, and money transfers.
