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Absa Capital appoints Andrew Dickens as Head of Trading  

 1/13/2009 

Absa Capital announced today the appointment of Andrew Dickens as Head of Trading with immediate effect. Dickens, who has replaced Mike Bagguley, will also assume a role on the investment bank’s Executive Committee. Bagguley has returned to Barclays Capital in London, where he will take up a position in Global Markets as Head of FX Europe and Global Head of FX Cash.

Dickens joined Absa Capital in November 2006 to head up Foreign Exchange and Fixed Income Trading. He was subsequently appointed Head of Equity, Credit and Commodities Trading in May 2008.

Building on from where Bagguley left off, Dickens will continue to grow and transform Absa Capital’s trading platform, guided by the ambition to construct the leading markets team in sub-Saharan Africa, in line with Absa Capital’s overall objective of being the region’s premier investment bank.

“From a client servicing perspective the transition from Mike to Andrew will be seamless since Andrew has been appointed from within our ranks,” said John Vitalo, Chief Executive of Absa Capital.

“Andrew has also made a significant contribution in growing and redefining Absa Capital’s trading franchise, both domestically and internationally. I have every confidence that his enthusiasm and depth of experience will continue to provide the catalyst in developing one of the most varied and exciting trading offerings in the market.”

Prior to joining Absa Capital, Dickens spent eight years as a Director and Head of Fixed Income at Standard Bank.

Ends.

Note to editors:
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
Associate Principal
Marketing and Corporate Communications
Absa Capital
+27 11 895 6695
+27 79 695 9798
graeme.coetzee@absacapital.com

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