Ruth Leas has been appointed CEO-designate of Investec Bank plc, they main banking subsidiary of Investec plc, which in turn is the FTSE 250 listed company housing the Investec Group's operations outside southern Africa.
Subject to regulatory approval, the appointment would see current CEO David van der Walt shift to the role of chief risk officer for Investec Bank and Wealth Group and CRO for Investec Group - after the conclusion of the announced demerger of the Investec Asset Management business. His appointment too is subject to regulatory approval.
Leas (pictured) has spent some 20 years with Investec. Currently she is chief risk officer of Investec Bank plc, responsible for risk management including credit, liquidity, market and operational risks. She also manages the rating agency relationsips for Investec Group in the UK.