Barclays to double Absa buying team
29 August 2012
The procurement department at South Africa’s largest retail bank Absa is to double in size following the majority stake takeover by Barclays Bank this summer.
Ian Russell, a director at Barclays, is on secondment to Absa as interim general manager for sourcing, where he will set up a team and establish best practice.
Russell said the new structure, currently in the design stages, will be implemented from 1 January 2006, although he doesn’t expect to have all of the 60-strong buying team in place by then.
He told...