Peter Matlare Wiki – Peter Matlare Bio
Peter Matlare was Deputy Chief Executive Officer of Absa Group Ltd. He was died on Sunday after succumbing to Covid-19 related complications.
He had been with South Africa’s third-largest bank since 2016 and was previously head of foods group Tiger Brands Ltd. and state broadcaster SABC.
He was 61 years old.
Peter Matlare Died
Absa deputy CEO Matlare has died at the age of 61
Eyewitness News understands that he passed away earlier on Sunday due to COVID-19 complications.
The business fraternity is mourning following the death of Matlare.
“Peter was a seasoned corporate executive, a good leader, inspirational, passionate about his work, and always strongly invested in the success of our continent,” Absa Chief Executive Officer Daniel Mminele said in a statement Monday. “I will miss his friendship, collegiality, guidance, and wise counsel.”
At Absa, Matlare was responsible for steering operations in the rest of Africa, where the company had been expanding its corporate and investment banking unit.
That was part of a strategic and organizational overhaul that started in 2018 after the group separated from its former parent Barclays Plc and positioned itself as a pan-African player.
Performing Matlare’s role required deep knowledge of African markets and the regulatory landscape, Patrice Rassou, chief investment officer at FirstRand Ltd.’s Ashburton Investments, said by phone.
“He’s going to be a very difficult person to replace at his level of seniority and experience in the group,” he said.
Tributes have started pouring in for the 61-year-old.
Shocked and saddened by the news of the passing of Peter Matlare. #Covid19 has robbed us of another professional in his prime. Heartfelt condolences to the family, friends and colleagues. May his soul #RIP #RIPPeterMatlare pic.twitter.com/POW7JRIKPr
— Prof Thuli Madonsela (@ThuliMadonsela3) March 7, 2021
On Twitter, former Public Protector Thuli Madonsela described news of his passing as shocking and sad.
Others have remembered him for his strong and professional work ethic.