FANews
FANews
RELATED CATEGORIES

Leslie Maasdorp steps down as Vice Chairman of Absa Capital and Barclays Capital

06 October 2010 Absa Capital

Leslie Maasdorp has resigned from his position as Vice Chairman of Absa Capital and Barclays Capital with effect from 8 October 2010 to pursue opportunities outside the Group.

In 2004 Maasdorp was a co-promoter alongside Tokyo Sexwale and Ntobi Angel of Absa’s BEE transaction. As a co-founder of Batho Bonke Capital he played a critical role in structuring the deal and forming the consortium. Following the conclusion of Absa’s BEE transaction with Batho Bonke in 2004, he joined the boards of Absa Group and Absa Bank.

Absa Group CE, Maria Ramos said: “Part of Leslie's legacy with the bank is the critical role he played in engineering our BEE transaction six years ago. In addition he was a key member of the initial team building the Absa-Barclays franchise after our transaction with Barclays in 2005.”

In 2006 Maasdorp joined Absa Capital and Barclays Capital in a full-time capacity as Vice Chairman. During this period he served on the Exco and played a central role in building the Absa Capital franchise in South Africa and the continent.

Stephen van Coller, CE of Absa Capital said: “Leslie has played a vital role in our journey since the inception of Absa Capital. We wish to thank Leslie for his contribution to the business over the past five years and wish him well for the future.”

Quick Polls

QUESTION

Have you seen insurers implementing rate adjustments / risk management around climate change?

ANSWER

Yes
No
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now