Reserve Bank deputy governor, Francois Groepe. Picture: Twitter
The South African Reserve Bank has announced that its deputy governor, Francois Groepe, has resigned.
In a statement, the bank said Groepe wants to pursue outside opportunities. He tendered his resignation in December and it will take effect on January 31, 2019.
“During his terms as Deputy Governor, Mr Groepe provided oversight over the Financial Stability Department, the National Payment System Department, Risk Management & Compliance Department, the Currency Cluster and the Security Management Department,” according to the statement.
“The Governor [Lesetja Kganyago] has been in communication with the President, the Minister of Finance and the Board of the SARB in this regard. The process of appointing Mr Groepe’s successor is currently underway.”
The Reserve Bank thanked him for 14 years of service.
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