Wednesday, 04 December 2013 08:56
Barclays, which until recently was big four bank Absa, says Patel stepped down on 29 October and has been temporarily replaced by Peter Rix, CIO of Africa Corporate Investment Banking. Rix will report directly to group COO David Skillen, says the bank.
Absa became Barclays Africa after it bought out Barclays’ operations in Africa, as well as its African regional office in SA, which were merged with Absa’s Africa operations in the R18.2 billion deal.
Patel was at the helm of the bank’s IT unit when it went through its 2012 restructuring phase, which initially saw 1 600 IT staff reapply for their posts, and 140 jobs go on the line before the bank backed down on retrenchments.
Patel is a qualified accountant, and before joining the bank in October 2011, was head of equities technology for Barclays Capital’s Asia Pacific unit.
Before joining Barclays, he held a number of senior technology roles in financial services across multiple geographies, including Asia, Western Europe, and North America. Patel replaced Len de Villiers, who has since moved to Telkom.
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