Absa Capital, a division of Absa Bank Limited, and South Africa’s only fully local and fully global investment bank, has transformed its Executive Committee through the appointment of three top female bankers to key positions on the eve of its second anniversary.
Natasha Andrykowsky and Makhosi Kunene have been appointed as Chief Operating Officer (COO) and Chief Administrative Officer (CAO) respectively, while Hestie Loots is Absa Capital’s new Chief Risk Officer (CRO).
Commenting on the appointments, Absa Capital Chief Executive Officer, John Vitalo, said Andrykowsky, Kunene and Loots bring a wealth of experience to the Executive Committee team as well as a different and fresh perspective.
“We are particularly proud that the latest appointments to our Exco are all female. It displays Absa Capital’s very real commitment to transformation early in our development into South Africa’s leading investment bank,” said Vitalo.
Andrykowsky will drive the core, day-to-day management processes of ‘Execution’ around Absa Capital’s front office, while Kunene will play the same role on behalf of the Infrastructure team or back office.
“Execution is a system of rigorous management, which includes interlocking strategic, operating, people and transformation plans and their disciplined implementation,” said Vitalo.
Andrykowsky joined Absa Capital in May 2006 in the office of the CEO and most recently worked as business manager for the Secondary Markets Trading. She holds a BSc (Hons) in Chemical Engineering from the University of Cape Town and worked as a management consultant prior to joining Absa Capital.
Kunene joined Absa Capital in April 2006 in Strategy and Planning and has also worked in Barclays Capital Strategy and Planning in London. She holds a BSc in Chemical Engineering and an MBA, both from the University of Pretoria.
Loots holds a PhD in mathematical statistics from Potchefstroom University and has been with Absa Group for 12 years, having joined Absa Capital two years ago.
Note to the editor:
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays Capital, is a leading South African investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.