African Bank InvestmentsLtd. named John Evans to the board as executive financial director,effective Oct. 1.

Evans was, together with Dawie van der Merwe, one of the joint business rescuepractitioners for the bank. He has assisted the board in the company'sday-to-day management since completion of the business rescue proceedings in May.

The bank also said Enos Banda, its independent nonexecutive , will assume the roleof executive chairman, also effective Oct. 1. The board will appoint a leadindependent nonexecutive director following Banda's appointment as executivechairman.