Sello was appointed to the board as an independent non-executive director and Chairman designate of Absa Group and Absa Bank with effect from 1 December 2021.
On 1 April 2022, he took over as Chairman.
He is a member of the Directors’ Affairs Committee (DAC), Group Risk and Capital Management Committee (GRCMC), Group Remuneration Committee (RemCo), Social, Sustainability and Ethics Committee (SSEC) and Board Finance Committee (BFC).
Sello has a career spanning close to 30 years in the financial services industry.
He is a former CEO of Old Mutual Asset Managers, where he was also a member of the Old Mutual South Africa executive team.
Thereafter, he founded Thesele Group, an investment holding company, where he is the Executive Chairman.
He has served as chairman of the boards of Alexander Forbes Group Holdings Limited for 10 years from 2007 and has also chaired the boards of Sibanye-Stillwater Limited and General Reinsurance Africa Limited (a Berkshire Hathaway company), amongst others.
He is also a trustee of the Nelson Mandela Foundation.
He is the former chairman of Telkom SA SOC Limited and currently serves as a non-executive director of M&G Investments SA (formerly Prudential).
