ASA/ABSP - Absa Group/Absa Bank - New Absa Group Chief Risk Officer appointed
JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - Absa Group/Absa Bank - New Absa Group Chief Risk Officer appointed
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 Absa)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
NEW ABSA GROUP CHIEF RISK OFFICER APPOINTED
Absa is pleased to announce that Mr Jan Lubbe has been appointed to the position
of Chief Risk Officer, with effect from 1 September 2010. He replaces David
Hodnett who was appointed as Group Finance Director on 1 March 2010 and
continued to lead the risk portfolio while a successor was being sought.
Mr Lubbe, a qualified chartered accountant, joins Absa after seven years at
FirstRand, most recently as Chief Risk Officer, and brings extensive experience
to this position. He will also serve as a member of the Absa Group Executive
Committee and will report to the Absa Group Chief Executive, Ms Maria Ramos.
"We are delighted to welcome Jan to the team at Absa. He has the credentials
that will stand him in good stead at Absa and we look forward to his
contribution in this important role", said Maria Ramos.
Johannesburg
3 August 2010
Enquiries:
Happy Ntshingila
Group Executive: Group Marketing, Communications & Public Affairs
(+27 11) 350-6449
(+27 82) 994-0035
Sponsor:
J.P. Morgan Equities Limited
Date: 03/08/2010 07:05:14 Produced by the JSE SENS Department.
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