Making Waves

摘要

If you are going to take the fight to the competition, it is nice to know you have an ex-US marine leading the charge. Barclays has cranked up the competitive pressure on its rivals in South Africa, most recently unveiling a re-branded and re-energised investment banking arm of Absa, the local bank it bought control of last year. The under-performing Absa Corporate and Merchant Bank (ACMB) has been renamed Absa Capital, reflecting its close links to Barclays Capital. Barclays' man in charge is John Vitalo, a straight-talking American who saw active duty with the marines in Beirut.