ABL ABLP
ABL
African Bank Investments Limited - ABIL announces executive appointment
African Bank Investments Limited
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
("ABIL" or "the company")
ABIL ANNOUNCES EXECUTIVE APPOINTMENT
ABIL announces the appointment of Nithia Nalliah as chief financial officer
designate for the ABIL group of companies, with effect from 1 April 2006. Nithia
has been a partner at Deloitte for the past 12 years in various roles, more
recently specialising in taxation advisory services to financial institutions,
and in particular has been the external tax advisor to the ABIL group for the
last 3 years. In addition, as Chairman of the South African Institute of
Chartered Accountants" National Tax Committee he has played an important role in
shaping the private sector"s views and responses to the fast changing taxation
regime in South Africa.
Nithia will report to David Woollam, the current chief financial officer, until
30 September 2006 to allow for a period of transition and handover, where after
he will assume full responsibility for the role.
Nithia"s appointment will allow David Woollam, in addition to retaining
responsibility for the investor relations and treasury functions, to focus his
efforts on building ABIL"s long-term business development opportunities in the
context of an evolving industry and regulatory environment.
For further information, please contact:
Leon Kirkinis - CEO: ABIL
Tel : (011) 256-9232
David Woollam - Group Financial Director: ABIL
Tel : 082-451-9736
Nithia Nalliah
Tel : 082-806-4000
Midrand
9 March 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/03/2006 07:00:19 AM Produced by the JSE SENS Department
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