| Tue 20 Sep 2011, 14:33 | | ASA/ABSP - Absa Group Limited/Absa Bank Limited - Change to boards of |
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JSE ABSP ASA
ABSP AMAGB
ASA/ABSP - Absa Group Limited/Absa Bank Limited - Change to boards of
directors
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, Absa or the Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
CHANGE TO BOARDS OF DIRECTORS
Absa Group and Absa Bank are pleased to announce that Ivan Ritossa has been
appointed as non-executive director of Absa, representing Barclays Bank
PLC, and effective from 21 September 2011.
Ivan is replacing Benoit de Vitry as Barclays representative on the Absa
boards, as well as a member of the Group Remuneration and Human Resources
Committee and the Board Finance Committee. Benoit has served on the Absa
boards since 11 February 2009, and is resigning from the boards on 21
September 2011.
Ivan is a Managing Director and Head of Latin America, Central and Eastern
Europe, Middle East and Africa at Barclays Capital. He joined Barclays in
February 2002 as Managing Director and Global Head of Foreign Exchange, in
London. He holds a Bachelor of Commerce with Honours from the University of
New South Wales. He is also a member of the Barclays Capital Executive
Committee.
Commenting on the new appointment, Garth Griffin, Absa`s Chairman said: "I
am delighted to welcome Ivan to the boards of Absa Group and Absa Bank.
His expertise and extensive experience in the corporate and investment
banking environment will add substantial value to our boards. Also my
sincere thanks to Benoit for his contribution to Absa in the last two and a
half years."
Johannesburg
20 September 2011
Enquiries
Alan Hartdegen
Head of Investor Relations, Absa Group
+27 (0) 11 350 2598
E-mail: alan.hartdegen@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 20/09/2011 14:33:01 Produced by the JSE SENS Department.
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