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The new era for Absa as Maria Ramos withdrew

Maria Ramos's decision to step down as Absa's executive director after a decade of work marks the end of the turbulent era for SA's third-largest bank, now planning to bring back the country it lost under former parent Barclays PLC .

After Ramos took the helm in March 2009, Absa is the worst action within the JSE banking index. While its market capitalization tripled to 1515.9bn, sector giant FirstRand increased sixfold, while Standard Bank, Nedbank, RMH and newcomer Kapitz had all the better than Abs.

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