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Absa's Corporate and Investment Banking division announces senior management appointments  

 12/4/2012 

The Corporate and Investment Banking division of Absa Bank Ltd (Absa), and member of Barclays, today announced the appointments of Chris Kotze and Robert Benvenuti as Head of Transactional Product, Africa and Head of Change respectively of Corporate Banking.

Kotze replaces Vivek Ramachandran and will continue to build a regional Cash and Trade strategy for Africa. He will also join the Corporate Banking executive committee.

Benvenuti will be in charge of leading business change across the Corporate Banking portfolio of Cash Management and Liquidity, Trade and Working Capital as well as Debt and Coverage.

 “As our Corporate Banking proposition continues to gain traction, it is critical that we attract high calibre, talented individuals who recognise the exciting opportunities that the proposition offers and are able to translate the same to our clients,” said Temi Ofong, Head of Corporate Banking, Corporate and Investment Banking, Absa.

“In Chris and Robert we believe we have found two such individuals,” said Ofong.

Collectively Kotze and Benvenuti have over 30 years experience in the banking and change management industries.

Prior to joining Absa, Kotze held the position of Chief Executive Officer, Global Transactional Services at FirstRand Corporate and Investment Banking, while Benvenuti was Head, Solutions and Implementation in the Acquiring Division at Standard Bank.

Ends

Note to the editor:

About the Corporate and Investment Banking division of Absa

The Corporate and Investment Banking division of Absa Bank Ltd (Absa), and member of Barclays, is a leading South African corporate and 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:
FTI Consulting
Tanja Vasiljevic
+27 11 214 2410
+27 82 775 4810
tanja.vasiljevic@fticonsulting.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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