Barclays Africa Group has appointed Nomkhita Nqweni as Chief Executive of Wealth, Investment Management and Insurance (WIMI), effective immediately.

Nqweni, who heads wealth and investment management at the bank, with R268bn in AUM, will be responsible for the Absa Life, short-term insurance, fiduciary and distribution businesses in addition to her current portfolio which includes wealth advisory, stockbroking and asset management.

Nqweni joined Barclays in her current role in 2010.

She has been a member of the Barclays Africa executive committee since 2013 and chairs the Group’s Diversity and Inclusion Council.

Prior to joining Barclays Africa in 2010, Nqweni was Managing Director of Alexander Forbes Financial Services Holdings (Africa).

Nqweni also serves on the boards of the South African Mint and South African Bank Note Company, subsidiaries of the South African Reserve Bank.

She will report to Maria Ramos, Barclays Africa CEO.

“Nomkhita has been instrumental in integrating the Wealth and Investment Management businesses and her appointment shows our continued commitment to developing and recognising talent within our organisation. Nomkhita brings skill and diversity to this important role and will continue to build on the solid franchise the WIMI division has become,” commented Ramos.