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Absa Capital appoints Nyagaka Ongeri to head up Global Finance and Risk Solutions  

 8/25/2009 
Absa Capital, the investment banking division of Absa Bank Ltd, announced today the appointment of Nyagaka Ongeri as Head of Global Finance and Risk Solutions within its Investment Banking division.

Prior to joining Absa Capital, Ongeri was a managing director at Barclays Capital in New York within the Debt Capital Markets Group. He joined Barclays Capital in 2001 to focus on growing the firm’s US presence in the financial institutions space.

In his new position as Head of Global Finance and Risk Solutions, Ongeri will be responsible for five key areas: Global Loans; Debt Capital Markets; Equity Capital Markets; Risk Solutions and Capital Structure; and Ratings Advisory Services.

Commenting on the announcement Stephen van Coller, Deputy CEO of Absa Capital said: “I am very pleased to welcome Nyagaka to the team. He comes with strong credentials and experience from our affiliate, Barclays Capital, in New York, and is well positioned to drive, grow and increase Absa Capital’s footprint in the global finance arena.”

Prior to moving to New York Ongeri had worked in the South African capital markets for four years.
Ongeri is a graduate of Howard University where he received a Bachelor of Business Administration (Honours). He is also a graduate of Harvard 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 11 895 9798
+27 79 695 9798
graeme.coetzee@absacapital.com
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