Kganyago urges South Africa to gamble on economic growth
And achieve fiscal sustainability, central bank Governor Lesetja Kganyago said.
South Africa's fourth-largest lender, Nedbank, has appointed Nikos Angelopoulos, a former MTN Group Chief Information Officer, as its new Chief Information Officer (CIO), effective September 1. Angelopoulos, who brings extensive experience in technology strategy, cloud investments, and digital infrastructure, will lead Nedbank's digital transformation efforts as banks increasingly recruit telecom executives to oversee their digital growth.
His appointment reflects the growing convergence between banking and telecommunications, as both sectors rely heavily on digital services, real-time transactions, cybersecurity, and data. Angelopoulos' career spans over three decades and includes significant roles at MTN Group, UAE telecom operator du, British telecoms giant Vodafone, and global consulting firm Accenture.
His expertise in managing large-scale digital, cloud, data, and AI transformations positions him well to shape the future of banking. The CIO role has evolved to encompass AI strategy, cloud migration, cybersecurity, and modernizing core banking platforms, prompting banks to seek out technology leaders with a broader skill set. This shift in banking recruitment is evident in recent hires such as Absa's Sitoyo Lopokoiyit and Stanbic Bank Kenya's Michael Mutiga, signaling a broader trend in the industry.
While some banks, like Capitec, are promoting from within, the overall trend underscores the importance of investing in people who can drive digital platforms forward.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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