MERCANTILE LISBON BANK HOLDINGS LIMITED
MERCANTILE BANK LIMITED
BOARD OF DIRECTORS AND TOP MANAGEMENT CHANGES
The following changes, effectively from 1 April 2001, were approved at the
joint Board meetings of Mercantile Lisbon Bank Holdings Limited ("MLBH") and
Mercantile Bank Limited ("MBL") on 23 February 2001:
- Messrs G G Lund, J H Real Pereira and A O'Dwyer will cease to be Executive
Directors but will remain with the Group as non-executive Directors to both
MLBH and MBL.
- G T Borrill will take responsibility for Retail and Commercial Banking
Division.
- J A van der Berg will take responsibility for Alliance Banking Division
which, will include the existing Credit Card department and ATM network.
- G P Driver will be responsible for Group IT Division.
- Prof Adriaan Steyn will be responsible for Group Treasury.
- Mr P G van Deventer, Executive Director of MLBH and non-executive Director of
MBL, will retain his current responsibility, other than Group IT.
- Mr J G Arthur will remain responsible for the Securities Division.
As a result of the changes in top management as detailed above, the Group
Executive Committee has been reconstituted as follows:
A J Laughland (Chairman)
P G van Deventer (Alt Chairman)
F Vicente Coelho (Secretary)
J G Arthur
G T Borrill
G P Driver
J A van der Berg
A Steyn
Ends
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