Henry Ansbacher Expands In Treasury After Takeover By South African Bank


Treasury officials at U.K.-based merchant bank Henry Ansbacher & Co. plan to double its trading staff this year following the takeover of the bank by First National Bank of South Africa (FNB) late last year. Rob Wade, the bank's new treasury director, says he intends to increase the trading staff from the current five dealers to between 10 and 12.

Wade, aged 40, a South African national, came to Ansbacher in March from FNB in Johannesburg, where he was deputy treasurer. He was one of only thr