Deutsche’s South Africa CEO to Join Absa Investment Bank

Deutsche Bank AG’s South Africa head Saloshni Pillay will join Absa Group Ltd. to lead its investment bank in the country as the continent’s third-largest lender by assets seeks to boost its competitiveness.

Pillay, who served as chief executive officer and country manager of South Africa and head of investment banking for sub-Saharan Africa at Deutsche Bank, will take up her new role as managing executive for corporate and investment banking South Africa at Absa in mid-July, said Daniel Munslow, the lender’s spokesman.