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Absa announces key senior appointments

24 August 2010 Absa

Absa today announced four senior appointments to different areas of the Group.

Jan Lubbe will join Absa as Chief Risk Officer with effect from 1 September 2010, having been in a similar role at the FirstRand Group. Lubbe takes over from David Hodnett, who had continued to manage Risk at Absa, after being appointed as Group Finance Director earlier this year.

A qualified chartered accountant, Lubbe has been a Senior Manager for Financial Services Information Risk Management at KPMG London and was also an Executive Director for Asset Management at Goldman Sachs (London).

In 2006, Lubbe was recognised by his peers in the industry who voted him as the Institute of Risk Management of South Africa’s “Santam Risk Manager of the Year”.

“We are delighted to welcome Jan to the team at Absa. He has the knowledge and experience that will add value to Absa and we look forward to his contribution in this important role”, said Absa Group CE, Maria Ramos.

In addition, former Transnet Head of Corporate and Public Affairs, John Dludlu, joined Absa on 10 August as the Group executive responsible for Group Communication.

John brings tremendous expertise and a proven track record to his new position. He will certainly complement the existing pool of talent that already exists within Absa,” said Ramos.

Dludlu is a seasoned former journalist and was editor of the Sowetan from 2002-2004. He also enjoyed a stint of nearly 10 years at Business Day and briefly served as the newspaper’s acting-Deputy Editor.

A graduate of Rhodes University’s School of Journalism and Media Studies, Dludlu now supports the John Dludlu Scholarship for Ethical Journalism and is also one of the longest-serving judges of the Mondi Shanduka Print Journalism Awards.

A seasoned communication professional with over 15 years of experience, Dludlu will oversee the communication function at Absa.

These appointments follow that of Alan Hartdegen as Head of Investor Relations on 23 July, as well as Nomkhita Nqweni, who was appointed as the Managing Executive of Absa Wealth, on 1 June this year.

Hartdegen joined Absa from Macquarie First South Securities. An M.Phil graduate in International Relations from the University of Cambridge, he spent 12 years analysing local banks for international stockbrokers including Macquarie First South Securities, Merrill Lynch, Schroder Salomon Smith Barney (Citigroup) and ING Barings. Prior to that, he worked as a consultant at Bain & Company, where he advised banking clients.

In his new role at Absa, Hartdegen is also a member of the Absa Group Finance Exco.

Nqweni joined Absa to head up Absa Wealth, Absa’s high net worth wealth management offering which is affiliated to Barclays Wealth, following a distinguished career with the Alexander Forbes Group that spanned almost 13 years.

“I have no doubt that, in making these appointments, we have brought in leaders of exceptional quality to Absa who will be able to support the overall strategic imperatives of the Absa Group,” concluded Ramos.

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