Business · South Africa
Andrew Baker Appointed New Capitec Investment Chief
TechCentral · 2026/02/16
Summary
Andrew Baker has been appointed as the new Chief Investment Officer (CIO) at Capitec Bank, one of South Africa's leading financial institutions. He succeeds Wim de Bruyn, who will move to a new executive role within the bank. This leadership change marks an important shift in Capitec’s management team, potentially influencing the bank’s investment strategies and decisions going forward. Capitec is well-known for its focus on affordable banking services tailored to everyday South Africans. Baker’s new role means he will oversee the bank’s investment plans, which could impact both corporate growth and customer services. The bank’s shift in executive leadership could bring fresh ideas and strategies, aiming to strengthen its position in the competitive South African banking market.
OnABudget takeaway: Changes in Capitec's leadership may lead to new investment approaches that could affect fees, interest rates, or services. Consumers and small business owners should watch for updates that might benefit affordable banking options.