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Andrew McNulty appointed to drive new Equities Research offering at Absa Capital  

 3/8/2010 
Absa Capital, the investment banking division of Absa Bank Ltd, has appointed Andrew McNulty to head up its new Equities Research division as it expands its overall offering to its clients.

McNulty will join Absa Capital in April from BJM Securities where he was CEO and Head of Research.

At Absa Capital, McNulty will run a full service research team in South Africa that will be completely integrated and aligned with global affiliate Barclays Capital’s research team.

Initially McNulty will be responsible for shaping the division by recruiting a number of analysts with the goal of building a top ranked research team focusing on JSE listed equities.

“The recruitment of Andrew is a major coup for Absa Capital,” said Andrew Selby, Head of Sales and Research at Absa Capital.

“Andrew’s dynamism and outstanding experience will help strengthen Absa Capital’s capabilities and further underscore our credentials as the leading investment bank in sub-Saharan Africa,” said Selby.

McNulty has held leading positions in the equities space both in South Africa and the UK. He was previously head of UBS’s Pan-European Insurance Research Team in London and a Life Assurance Analyst with the same company in South Africa. He was also head of financials research at Investec in Johannesburg.

McNulty has obtained a number of top accolades in the equity research field, including top rankings as an analyst locally and in the UK, as well as leading the BJM Securities’ research team to successive years of being ranked the top equity research house.

Ends

Note to the editor:

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 Media & Investor Relations
Grant Henry
+27 11 214 2406
grant.henry@fd.com

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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