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Nomkhita Nqweni to spearhead Absa Wealth and Barclays Wealth in sub-Saharan Africa  

 6/8/2011 

Absa Wealth, the wealth management offering of Absa Bank Ltd (Absa), announced today that Nomkhita Nqweni has been appointed Global Market Manager Africa to spearhead a single strategy for Absa Wealth and Barclays Wealth, to whom it is affiliated, across sub-Saharan Africa, with immediate effect.

In her new role Nqweni will be responsible for taking advantage of business and growth opportunities in the region and further developing Barclays Wealth and Absa Wealth’s top client relationships.

Nqweni will continue in her current role as Managing Executive of Absa Wealth.

“We are delighted for Nomkhita as she is perfectly positioned for this new role. Her strong local knowledge and expertise of the African market will compliment the global offering from Barclays Wealth,” said Stephen van Coller, Chief Executive for Absa Capital and Absa Wealth.

“One of the core values of our firm speaks to hiring developing and retaining the best talent in the market. It is particularly rewarding then to see that 12 months after her appointment as Managing Executive of Absa Wealth, Nomkhita has agreed to take on these added responsibilities,” added van Coller.

Nqweni’s appointment also reflects Barclays Wealth and Absa Wealth’s commitment to building a sustainable and scalable wealth management business in the region, in line with the Barclays and Absa ‘One Bank in Africa’ strategy.

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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 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.

Absa Wealth, a division of Absa Bank Ltd, is an authorised financial services and registered credit provider.

Issued by:
FD Media & Investor Relations
Kate Kelly
+27 11 214 2407 begin_of_the_skype_highlighting            +27 11 214 2407      end_of_the_skype_highlighting
+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 begin_of_the_skype_highlighting            +27 11 895 6695      end_of_the_skype_highlighting
+27 79 695 9798
graeme.coetzee@absacapital.com

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