Absa Capital, the investment banking division of Absa Bank Limited, has appointed David Renwick as the new Head of Global Finance and Risk Solutions (GFRS).
On 1 August 2011 Renwick takes over from Nyagaka Ongeri, who is returning to New York to head up Barclays Capital’s multinational corporate segment.
Renwick joins from Standard Bank where he was Head of Diversified Lending and Leverage. His prior responsibilities covered a number of investment banking product areas including Leverage and Acquisition Finance activities, and growing and developing Standard Bank’s mezzanine finance portfolio.
“We are very pleased to welcome David to the team. His skills will compliment our strong Debt Capital Markets, Equity Capital Markets and Loans offering we have built up over the past five years,” said Stephen van Coller, Chief Executive of Absa Capital.
“He brings a wealth of experience to the bank, especially from a product perspective, as we look to broaden the GFRS offering to compete as a regional bank,” said van Coller.
Prior to joining Standard Bank, Renwick spent seven years at Investec. He holds a B.Com Hons (Finance) from the University of the Witwatersrand.
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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.