The South African subsidiary of Barclays has appointed new leadership for its wealth, investment management and insurance division.

Johannesburg-listed Barclays Africa Group has appointed Nomkhita Nqweni as its new chief executive of wealth, investment management and insurance.

Nqweni, who will replace Willie Lategan, is currently Barclays Africa's chief executive of wealth and investment management, responsible for around R268 billion ($19 billion) of assets under management. 

She joined Barclays Africa in 2010 and has been a member of its executive committee since 2013. She was previously managing director of Alexander Forbes Financial Services in Africa.

“Nomkhita has been instrumental in integrating the wealth and investment management businesses and her appointment shows our continued commitment to developing and recognising talent within our organisation. Nomkhita brings skill and diversity to this important role and will continue to build on the solid franchise the WIMI division has become,” said Barclays Africa's chief executive, Maria Ramos.

In her new role, Nqweni will be responsible for the Absa Life, short-term insurance, fiduciary and distribution businesses in addition to her current portfolio, which includes wealth advisory, stockbroking and asset management. She will report to Ramos.