Lucas-Bull moves up to Barclays PLC board

Wendy Lucas-Bull has moved further up in the business world with global banking giant Barclays PLC roping her in as a non executive director with immediate effect.

The announcement came yesterday and may be seen as further integration of the seven year long Barclays/Absa affair. Lucas-Bull joined the Barclays/Absa family in April this year when she took up the position of chairing the Absa Group (Barclays Africa Group) board.

In an announcement released yesterday Barclays said Lucas-Bull joins the Barclays PLC and Barclays Bank boards as a non-executive director with immediate effect. “The decision reflects the value of Wendy’s wide ranging business and board experience, and underscores the importance Barclays places on Africa”.

Sir David Walker, Barclays Group PLC Chairman, said, “I am pleased to announce Wendy’s appointment to the Barclays Board. She brings strong banking experience, valuable regional knowledge and her appointment will further enhance the close working relationship between Barclays Group and our African businesses.”

The Barclays statement described Lucas-Bull as “An experienced company Director with strong banking expertise”

Lucas-Bull has held Board level positions in South African banks since 1994. She previously served as an Executive Director of Rand Merchant Bank and became CEO of FirstRand Retail following the merger of Rand Merchant Bank and First National Bank.

In addition to her role at Barclays Africa Group, Wendy is currently a Non-Executive Director of Anglo American Platinum and has held senior Board positions at the Development Bank of Southern Africa, the South African Financial Markets Advisory Board, Nedbank Group and Dimension Data PLC”.

Barclays also announced yesterday that Trevor Munday will become Lead Independent Director of Barclays Africa Group. In this capacity, he will assist the Barclays Africa Group Board to deal with the management of any actual or perceived conflicts of interest.

Early this week Barclays Africa Group Limited announced the appointment of Thembisa Dingaan as non executive director of its subsidiary Absa Bank. The group said Dingaan brings a wealth of experience and knowledge after more than 15 years with various organisations in the financial services industry.

Dingaan is currently a member of the board of directors of the Development Bank of South Africa (DBSA) where she serves as the chair of the Board Credit and Investment Committee and is a member of various Board committees.

A former member of the Trade and Industry Standing Advisory Committee on Company Law, as well as a board member of the South African Export Credit Insurance Corporation (ECIC), Dingaan also holds directorships on the boards of Imperial Holdings, Adapt IT, and Mustek and is chairperson of Ukhamba Holdings, Imperial’s staff-owned Black Economic Empowerment Vehicle.

news@ujuh.co.za

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