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Absa Capital Appoints John Gachora to Drive Africa Expansion  

 1/21/2009 

Making its intentions clear for Africa early in the new year, Absa Capital today announced the appointment of John Gachora to drive its investment banking business on the continent.

Gachora, who joined Absa Capital from Bank of America, was first introduced to the investment banking division of Absa Bank Ltd at a recruitment roadshow. The event was hosted in New York in the first quarter of 2008, in conjunction with Barclays Capital, and was open to investment bankers from Africa.

Absa Capital’s compelling growth story, its global reach through Barclays Capital and its prospects for Africa were shared with the assembled bankers.

Gachora leapt at the idea of joining a dynamic, growing enterprise and working back on the continent of his birth. Originally from Kenya, Gachora left in 1989 to study engineering at the Massachusetts Institute of Technology (MIT) in Massachusetts, USA. He cut his teeth in investment banking at Credit Suisse First Boston and then Bank of America, where he was Managing Director and Head of Structuring within Structured Products.

Gachora’s new role as Regional Head of the Investment Banking Division responsible for sub-Saharan Africa will see him redefining Absa Capital’s presence on the continent.

Commenting on the appointment Paul Bijleveld, Head of Investment Banking Division and Africa said: “We are very pleased to have someone of John’s calibre joining the team to drive our Africa ambitions for two reasons.”

“One, there are opportunities aplenty and deals to be done across the continent and two, significantly, we are attracting key talent back to Africa.”

Gachora holds a Masters of Engineering in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology and a Masters of Business Administration from Wharton Business School.

Ends.

About Absa Capital
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.

Issued by:
FD Beachhead
Kate Kelly
+27 11 214 2407
+27 79 637 4663
kate.kelly@fd.com

For further information contact:
Graeme Coetzee
Communications Manager
+27 11 350 2167
+27 79 695 9798
graeme.coetzee@absacapital.com

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