PRESS RELEASE: Armien Tyer to join Absa as Head of Investments
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PRESS RELEASE: Armien Tyer to join Absa as Head of Investments

Absa Wealth and Investment Management announces the appointment of Armien Tyer as Head of its Investment cluster covering active, passive and alternative asset management with effect from 1 December 2013. Armien is a seasoned investment professional and leader, having fulfilled the role of Managing Director at Sanlam Investment Management for six years and served on the board for seven years.

Nomkhita Nqweni, Chief Executive of Wealth and Investment Management said: "We are delighted to have someone of Armien's stature and experience leading our Investment business. He has a proven track record of excellence, growing businesses and we believe that his appointment will enrich the overall experience for our retail and institutional clients."

In addition to actively managing money on behalf of clients, Armien previously held various senior leadership positions overseeing strategy and distribution and was an associate management consultant at McKinsey working across a variety of industries, including wealth. Additionally, he has chaired several prestigious investment conferences in both the long only and alternative investment areas. Armien was listed by Little Black Book as a Top 30 Black Professional in South Africa from 2009 to 2011 and has been a member of the University of Stellenbosch Business School's Advisory Board since 2009.

Earlier this week, the newly formed Wealth and Investment Management announced the integration of its wealth, asset management, stockbroking and investment administration platforms into a business of substantive scale with R225 billion in assets under management. The integration will ensure that our retail and institutional clients will have access to clear distinct boutiques of Active, Alternative, Passive product and Multi Management businesses. The integration provides them with access to a comprehensive set of investment solutions and philosophies across the various investment boutiques.

END

For further enquiries, please contact:
Dante Mashile, CPRP
Vice President Group Media Relations Africa
Group Marketing and Communication
Cell: +27 72 605 1623
E-mail:dante.mashile@absa.co.za

About Barclays Africa Group

Barclays Africa Group Limited (Barclays Africa Group or the Group) is 62.3% owned by Barclays Bank PLC (Barclays) and is listed on the JSE Limited. The Group is one of Africa's major financial services providers offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. We combine our global product knowledge with regional expertise and have an extensive, well established local presence.

The Group was formed through combining Absa Group Limited and Barclays' African operations on 31 July 2013. Reflecting the enlarged group's pan-African focus, our name changed from Absa Group Limited to Barclays Africa Group Limited on 2 August 2013.

At 30 June 2013, Absa Group Limited had 718,2 million shares in issue and a market capitalisation of R103 billion. The Group had assets of R841 billion, 9 997 automated teller machines, 962 staffed outlets and 33 879 permanent employees.

Our registered head office is in Johannesburg, South Africa and we have majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria as well as bancassurance operations in Botswana, Mozambique, South Africa and Zambia. Barclays Bank Kenya and Barclays Bank Botswana continue to be listed on their respective stock exchanges.

Barclays Bank PLC has operations in Egypt and Zimbabwe which are an integral part of our African business and continues to be run by Barclays Africa Group's management.

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