Absa appoints new group head

2013-02-22 09:01

Absa has appointed two new board directors, the banking giant announced.

Patrick Clackson and Ashock Vaswani would be joining the board from March 1, said communications head for Absa Mwambu Wanendeya yesterday.

“Clackson replaces Ivan Ritossa, who stood down from the board on December 31 2012, and Ashok replaces Antony Jenkins...

“Jenkins joined the Absa board on March 23 2009 and was appointed as group chief executive of Barclays PLC on August 30 2012,” said Wanendeya.

Absa group chairman Garth Griffin thanked Jenkins for his contribution.

“We extend our sincere gratitude to Jenkins for his contribution to the boards of Absa Group and Absa Bank, as well as to the board committees on which he served,” said Griffin.

“His expertise will be sorely missed, but we very much look forward to his leadership as Chief Executive of Barclays.”

Both the new board members already hold positions in Barclays.

“Clackson is the chief executive of Barclays Corporate and investment banking in Europe, the Middle East and Africa,” said Wanendeya.

He said Clackson had been part of the company since 1998, while Vaswani had been with them since 2010.

“Vaswani is the chief executive of Barclays retail and business banking. He joined Barclays in 2010 and was the chief executive of the Barclays Africa businesses from October 2010 to September 2011, ” said Wanendeya.

Absa is a member of the Barclays group.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Wallabies 'defend like dogs'
Loubscher expecting 'direct' Wales
Carter desperate to reach RWC final
Boks want to continue upward curve
Traffic Alerts

You may find it hard to focus on the mundane routines as the greener pastures seem so tempting. It is a good time to expand your...read more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.