Absa Group has announced the appointment of Sitoyo Lopokoiyit as its new Chief Executive: Personal and Private Banking, effective April 1, 2026. This significant move follows his impactful tenure at M-PESA Africa, signaling a strategic acceleration of Absa's digital engagement.

• Sitoyo Lopokoiyit previously served as Managing Director of M-PESA Africa and Chief Financial Services Officer at Safaricom.
• He was instrumental in scaling M-PESA to serve over 56 million customers and more than 5 million businesses over 12 years.
• Other key leadership changes at Absa include Prabashni Naidoo becoming Group Chief Governance Officer, Rushdi Solomons appointed Group Chief Internal Audit Officer, and Fatima Newman as Chief Compliance Officer.