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Standard Bank appoints ex-Absa deputy CEO as chief risk officer

South Africa-based Standard Bank Group Ltd. appointed former Absa Bank Ltd. Deputy CEO David Hodnett as its chief risk officer, effective March 25, CNBC Africa reported March 20.

Hodnett will succeed Neil Surgey from May 1, according to the report. Hodnett resigned as an executive director and deputy CEO of Absa Group Ltd. and of Absa Bank in May 2018, after turning down an offer to head the group's corporate investment bank.

Absa Group was previously Barclays Africa Group Ltd.