Barclays Africa Wealth Head Lategan Quits After 20 Years at Bank

Barclays Africa Group Ltd., South Africa’s third-biggest lender, said Willie Lategan resigned as chief executive officer of its wealth, investment management and insurance unit.

Lategan, 46, will leave at the end of September having worked for the company for 20 years, the Johannesburg-based lender said in an e-mailed statement Tuesday. “Willie has played a key role in leading the pan-African expansion of wealth, investment management and insurance,” Maria Ramos, group CEO, said in the statement.

This is the first senior executive resignation from Barclays Africa, which is controlled by London-based Barclays Plc, for more than two years. After Ramos took over in 2009, at least 12 senior executives quit until 2013 when the management team stabilized and Wendy Lucas-Bull became chairwoman.

“This step follows very careful consideration of my personal and professional goals,” Lategan said in the statement without elaborating on his plans.

No successor was named for Lategan.

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