Tuesday, May 21, 2024

BancABC snatches Bannalotlhe

The pan-African financial services provider, BancABC Botswana, has attracted local talent by appointing Kgotso Bannalotlhe the substantive Managing Director (MB) Botswana.

BancABC’s latest big-fish catch is the former Barclays Bank Botswana Head of Corporate and Investment Banking.

The newly appointed MD resigned from Barclays Bank Botswana this past week and is currently on a break before taking up his new job.

Bannalotlhe joined Barclays bank in November 2012 after working for two years at First National Bank and for Standard Chartered Bank for seven years where his last role was Head of Global Markets and Co-Head of Wholesale Banking in Tanzania. 

At Barclays, he is said to have contributed significantly to the bank’s strong performance growth of 30 percent in the Corporate and Investment Banking (CIB) segment where it used to be number four and then emerged number one across all the commercial banks.

He joins BancABC Botswana when it is in the process of relocating its Head Office from Johannesburg, South Africa, to Gaborone.   

The youthful Bannalotlhe is equipped with a BCom degree from the University of Melbourne and an Executive Master in Positive Leadership and Strategy.

He joins the bank at a time when it is focusing on technology infrastructure, digital channels and customised products, with a view to giving their clients a seamless and pleasant experience across their platforms.

Barclays Bank leadership remained cagey about Bannalotlhe’s resignation when contacted after the bank had already communicated to its 12 000 employees announcing his resignation. 

“Barclays Bank of Botswana respects colleague confidentiality and are therefore not in a position to comment on employee matters to a third party,” reads the response.

BancABC Country Marketing Manager Polelo Kilner said late Friday that the bank is at an advanced stage in the process of appointing a Managing Director. 

“The search and selection has been extensive with only Botswana citizens shortlisted”.


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