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Absa Wealth appoints Trurman Zuma to head up the Central Investment and Product Office  

 5/16/2011 

Absa Wealth, the high net worth wealth management offering from Absa Bank Ltd (Absa) and affiliated to Barclays Wealth, announced today the appointment of Trurman Zuma as Head of the Central Investment and Product Office (I&PO).

In his new position he will be responsible for driving the strategic agenda of the I&PO, focusing on product due diligence and research, advisory standards as well as product and distribution support.

Prior to joining Absa Wealth, Zuma was the CEO for Advisory Services at Momentum Wealth and was also Head of Single Manager Unit Trusts at Stanlib Wealth Management. He has also consulted to the financial services market and was the Director for Sales and Marketing (and shareholder) to MBD Holdings.

Says Nomkhita Nqweni, Managing Executive of Absa Wealth: “I am very pleased to welcome Trurman to the team. He comes with strong credentials and experience, and is well positioned to help Absa Wealth become the leading holistic wealth manager in the South African market.”

Zuma, a qualified Chartered Account, is a graduate of the University of Natal, where he received a Bachelor of Commerce in Accounting, as well as a Post Graduate Diploma in Accounting. He has also completed a Programme for Management Development at Harvard Business School.

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Note to the editor:

About Absa Wealth

Absa Wealth, a division of Absa Bank Ltd and an affiliate of Barclays Wealth, serves ultra high net worth and family office clients in South Africa providing holistic international wealth solutions using best of breed products, wealth management, investment management, risk management and structured lending.

With the backing of Absa Capital, Absa Group and Barclays Wealth, Absa Wealth offers clients a sophisticated, integrated wealth management proposition, centered on the individual, leveraging the depth and breadth of its global and local expertise.

Issued by:
FD Media & Investor Relations
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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