Less than a year af­ter re­tir­ing as group chief ex­ec­u­tive of­fi­cer of First Cit­i­zens Group, Karen Dar­basie is set to join the board of di­rec­tors of Agos­ti­ni Ltd from June 1.

Dar­basie will re­place Dr Wavne Fred­er­ick, who will step down as a di­rec­tor on that date.In a no­tice pub­lished un­der the Se­cu­ri­ties Act, Agos­ti­ni said Fred­er­ick’s de­par­ture was linked to in­creased com­mit­ments in the Unit­ed States.

The com­pa­ny thanked Fred­er­ick for his ser­vice, de­scrib­ing his con­tri­bu­tions and judg­ment dur­ing his tenure as “mean­ing­ful and high­ly val­ued.”Dar­basie served as group chief ex­ec­u­tive of­fi­cer at First Cit­i­zens from April 2015 un­til her re­tire­ment in Oc­to­ber 2025.