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Absa Capital strengthens its team with appointment of Head of IBD  

 8/3/2007 

Absa Capital, the investment banking arm of Absa Group, has appointed Paul Bijleveld as the Head of its Investment Banking Division.

To be based in Johannesburg, Paul will be responsible for investment banking client relationship coverage of Absa Capital’s corporate clients.  His appointment demonstrates Absa Capital’s and Barclays Capital’s strong and ongoing commitment to becoming the leading investment bank in South Africa.

With more than 20 years of experience in investment banking, Paul comes to Absa Capital from Barclays Capital in Amsterdam where he is currently the Head of Investment Banking for the Netherlands.  Prior to that he held the same position at Morgan Stanley in London.  Bijleveld has also worked at UBS and ABN AMRO.

He holds a law degree from the University of Leiden in the Netherlands.

Commenting on the new appointment, John Vitalo, Chief Executive Officer of Absa Capital, said: “This move attests to the significant opportunities we see for the firm in South Africa and sub-Saharan Africa in general and the importance we attach to the continued growth and success of Absa Capital.”

Bijleveld said “I am excited to join the management team working to build Absa Capital into the premier South African investment bank by providing clients investment banking service of a scope and calibre that is unparalleled in the South African marketplace.  The opportunities in South Africa and sub-Saharan Africa for a stronger brand of investment banking are tremendous.”

Ends.

Note to the editor:

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.

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