| Tue 12 May 2009, 9:29 | | ASA - Absa Group Limited - John Vitalo CE of Absa Capital Takes on Additional |
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ASA
AMAGB
ASA - Absa Group Limited - John Vitalo, CE of Absa Capital Takes on Additional
Responsibility for Barclays Plc
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group or the Group)
JOHN VITALO, CE OF ABSA CAPITAL TAKES ON ADDITIONAL RESPONSIBILITY FOR BARCLAYS
PLC
The Absa Group is pleased to announce that John Vitalo, Chief Executive (CE) of
Absa Capital has been appointed as Chief Executive Officer (CEO) of Barclays
Investment Banking and Investment Management (IBIM) in the Middle East. This new
post will be in addition to his existing roles in Johannesburg as CE of Absa
Capital and his South African responsibility for Absa Wealth. Absa Capital is
one of the leading investment banks in sub-Saharan Africa and its performance
will continue to be an ongoing priority for John and Barclays Capital.
John will be responsible for building the IBIM`s businesses of Barclays Capital,
Barclays Wealth and Barclays Global Investors in the region and will report to
Roger Jenkins, Executive Chairman of Barclays Investment Banking and Investment
Management, Middle East. John will retain his Absa Capital responsibility for
investment banking in sub-Saharan Africa (including South Africa) and will
continue to report to Maria Ramos, Group Chief Executive, Absa Group and Benoit
de Vitry, Head of Global Markets-Trading, Europe and Head of Commodities and
Emerging Markets at Barclays Capital.
"We are delighted John has been given additional responsibilities. This reflects
the huge progress made by all the teams at Absa Capital and the strength of its
management team", said Maria Ramos.
Stephen van Coller has been appointed as Deputy CE of Absa Capital, reporting to
John. Stephen joined Absa Capital in September 2006 as its Head of Primary
Markets and later added Co-Head of Investment Banking Division to his
responsibilities.
Johannesburg
12 May 2009
Enquiries:
Absa Group Marketing and Corporate Affairs
Mr Happy Ntshingila - Executive Director
Tel: +27 11 350 6477
Fax: +27 86 631 1972
Email: happynt@absa.co.za
Sponsor:
JP Morgan Equities Limited
Date: 12/05/2009 09:29:01 Produced by the JSE SENS Department.
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