People: FirstRand Ltd (FANDY.PK)

FANDY.PK on OTC Markets Group

34.62USD
21 May 2013
Price Change (% chg)

$-0.15 (-0.43%)
Prev Close
$34.77
Open
$31.98
Day's High
$34.62
Day's Low
$31.98
Volume
686
Avg. Vol
--
52-wk High
$37.90
52-wk Low
$31.98

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Summary

Name Age Since Current Position

Lauritz Dippenaar

 63 2008 Non-Executive Chairman of the Board

Sizwe Nxasana

 54 2010 Chief Executive Officer, Executive Director

Johannes Burger

 53 2009 Chief Financial Officer, Chief Operating Officer, Financial Director, Executive Director

Deepak Premnarayen

 66 2009 Executive Director

B. Unser

 2010 Company Secretary

Mary Bomela

 39 2011 Non-Executive Director

Leon Crouse

 59 2008 Non-Executive Director

Jannie Durand

 46 2012 Non-Executive Director

Grant Gelink

 2013 Non-Executive Director

Paul Harris

 62 2009 Non-Executive Director

Amanda Nzimande

 41 2008 Non-Executive Director

Kgotso Schoeman

 48 2008 Non-Executive Director

Vivian Bartlett

 2004 Independent Non-Executive Director

Jurie Bester

 70 2010 Independent Non-Executive Director

Patrick Goss

 64 1998 Independent Non-Executive Director

Nolulamo Gwagwa

 53 2004 Independent Non-Executive Director

Roger Jardine

 46 2010 Independent Non-Executive Director

Ethel Matenge-Sebesho

 57 2010 Independent Non-Executive Director

Ronald Store

 69 2007 Independent Non-Executive Director

Benedict van der Ross

 1998 Independent Non-Executive Director

Jan van Greuning

 59 2009 Independent Non-Executive Director
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Biographies

Name Description

Lauritz Dippenaar

 Mr. Lauritz Lanser Dippenaar MCom, CA (SA), is Non-Executive Chairman of the Board of Firstrand Ltd. He graduated from Pretoria University, qualified as a chartered accountant with Aiken & Carter (now KPMG) and spent three years with the Industrial Development Corporation before becoming a co-founder of Rand Consolidated Investments in 1977. Rand Consolidated Investments acquired control of Rand Merchant Bank in 1985 and he became an executive director. He was appointed managing director of Rand Merchant Bank in 1988 which position he held until 1992 when RMB Holdings acquired a controlling interest in Momentum Life Assurers (“MLA”). He served as executive chairman of MLA from 1992 until the formation of FirstRand in 1998. He was appointed as the first chief executive officer of FirstRand and held this position until the end of 2005 when he assumed a non-executive role. He was elected to the position of chairman of FirstRand in November 2008. Directorships – external are - FirstRand STI Holdings Limited – chairman, MMI Holdings Limited – chairman, RMB Holdings Limited, Rand Merchant Insurance Holdings Limited.

Sizwe Nxasana

 Mr. Sizwe Errol Nxasana BCom, BCompt (Hons), CA (SA), is Chief Executive Officer, Executive Director of Firstrand Ltd. He started his career at Unilever. In 1989 he established Sizwe & Co, the first black-owned audit practice in KwaZulu-Natal. In 1996 he became the founding partner of Nkonki Sizwe Ntsaluba, the first black-owned national firm of accountants, and was national managing partner until 1998 when he joined Telkom SA as chief executive officer. He held this position until August 2005. He joined the board of FirstRand Bank Holdings in 2003 and was appointed chief executive officer with effect from January 2006. In February 2006 he was appointed as an executive director of FirstRand. Sizwe was appointed CEO of FirstRand in January 2010. Directorships – FirstRand Group are - FirstRand Bank Limited – chief executive officer, FirstRand EMA Holdings Limited, FirstRand Investment Holdings (Pty) Limited, First National Bank – chairman, Rand Merchant Bank – chairman, MMI Holdings Limited, The Banking Association South Africa.

Johannes Burger

 Mr. Johannes Petrus Burger BCom (Hons), CA (SA), is Chief Financial Officer, Chief Operating Officer, Financial Director, Executive Director of Firstrand Ltd. He graduated from Rand Afrikaans University in 1983 and qualified as a chartered accountant after serving articles with PricewaterhouseCoopers Inc. He joined Rand Merchant Bank in 1986 and was appointed an executive director in 1995. Following the formation of FirstRand in 1998, he was appointed financial director of the FirstRand Banking Group. In January 2009 he was appointed to the FirstRand board as financial director and assumed the additional role of Group chief operating officer in June 2009. Directorships – FirstRand Group are - FirstRand Bank Limited, FirstRand EMA Holdings Limited, FirstRand Investment Holdings (Pty) Limited, WesBank, First National Bank, Rand Merchant Bank, MMI Holdings Limited.

Deepak Premnarayen

 Mr. Deepak Premnarayen is Executive Director of Firstrand Ltd. He founded the ICS Group in 1998 to pursue emerging infrastructure development opportunities in India after entering the financial advisory services space earlier in the decade. ICS subsequently expanded into the real estate space and now has interests in: asset management, financial services: banking and corporate finance, hospitality,property development and management services and architectural design services. He is currently - co-chair of the Confederation of Indian Industry (CII) National Committee on Sports, convener for the India-South Africa CEOs Forum, member of the CII National committee on Banking, member of the CII National Task Force on Financial Inclusion, member of the Managing committee of the Indian Merchants Chamber (IMC), member of the Audit committee of the Noida Toll Bridge Company Limited, member of the Human resources committee of the Noida Toll Bridge Company Limited.

B. Unser

Mary Bomela

 Ms. Mary Sina Bomela is Non-Executive Director of FirstRand Ltd with effect from 24 September 2011. She was appointed to the position of chief executive officer of the Mineworkers Investment Company Proprietary Limited (MIC) in July 2010 and was appointed to the Board in September 2011.

Leon Crouse

 Mr. Leon Crouse CA (SA), is Non-Executive Director of FirstRand Ltd. He studied at the Nelson Mandela Metropolitan University in Port Elizabeth and after obtaining a Certificate in the Theory of Accounting in 1976, he qualified as a chartered accountant in 1977. During his professional career of more than 30 years, he gained financial knowledge and experience by lecturing at the University of Stellenbosch and holding various financial management positions in the sectors of telecommunications, luxury goods, chemicals and clothing and textiles. He joined the former Rembrandt Group in 1986 and in the same year he transferred to Switzerland to hold the position of financial controller of Compagnie Financiere Richemont AG and to be part of the team that unbundled the luxury goods business from the Rembrandt Group to form Richemont and list it on the Swiss, Luxembourg and South African Stock Exchanges. In 1993, as a Rembrandt appointee, he returned to South Africa to become a founding member of the Vodacom Group executive team. Rembrandt, at the time, held a 15% interest in Vodacom. During his nearly15 year career at Vodacom, he served as general manager finance between 1993 and 1996 and as chief financial officer from 1996 until March 2008. He joined Remgro in April 2008 as designate director: group finance and was appointed to the Remgro board on 18 June 2008. Directorships – external are - Dark Fibre Africa (Pty) Limited, Remgro Limited, Total South Africa (Pty) Limited.

Jannie Durand

 Mr. Jannie Jonathan Durand has been appointed as Non-Executive Director of FirstRand Ltd., effective October 23, 2012. He is Chief Executive Officer of Remgro Limited.

Grant Gelink

 Mr. Grant Glenn Gelink has been appointed as Non-Executive Director of FirstRand Limited and its wholly-owned subsidiary, FirstRand Bank Limited effective January 1, 2013.

Paul Harris

 Mr. Paul Kenneth Harris, M Com, is Non-Executive Director of Firstrand Ltd. He graduated from the University of Stellenbosch and joined the Industrial Development Corporation in 1974. He was a co-founder of Rand Consolidated Investments in 1977. RCI acquired control of Rand Merchant Bank in 1985 and he became an executive director. He spent four years in Australia where he founded Australian Gilt Securities (later to become RMB Australia) and returned to South Africa in 1991 as deputy managing director of RMB. In 1992, he took over as chief executive officer. Subsequent to the formation of FirstRand, he was appointed chief executive officer of FirstRand Bank Holdings in 1999, a position he held until December 2005 when he was appointed chief executive officer of FirstRand. He retired in December 2009 from his executive position in FirstRand. Directorships - external are - MMI Holdings Limited, Remgro Limited, RMB Asset Management (Pty) Limited, RMB Holdings Limited, Rand Merchant Insurance Holdings Limited.

Amanda Nzimande

 Ms. Amanda Tandi Nzimande BCom, CTA (UCT ), CA (SA); H DIP Law (Wits), is Non-Executive Director of Firstrand Limited. She is the chief financial officer at WDB Investment Holdings, the investment vehicle for the WDB Trust. Her role includes overseeing the financial area of WDB Investment Holdings as well as executing transactions and monitoring of ongoing investment relationships. She qualified in 1996 as a chartered accountant while with KPMG. She was a senior associate in the investment banking division of Deutsche Bank where she spent five years gaining experience in mergers and acquisitions internationally and in South Africa. Directorships – external are - Dinatla Investment Holdings (Pty) Limited, Maemo Motors (Pty) Limited, Masana Petroleum Solutions (Pty) Limited, Paracon Holdings Limited, WDB Investment Holdings (Pty) Limited.

Kgotso Schoeman

 Mr. Kgotso Buni Schoeman, BA Economics, Advanced Financial Management Diploma, is Non-Executive Director of Firstrand Ltd. He is currently the chief executive officer of Kagiso Trust. He is currently the chief executive officer of Kagiso Trust. He has been involved with the trust for over 14 years. He is team that developed the new strategy of the trust from being a general conduit grant funding agency to a development and implementing agency in the early education and rural finance development fields. He is currently heading negotiations with the provincial education department and the private sector to secure long-term partnerships for possible national rollout on a programme to improve rural education. He has considerable experience in programme design and management. He has over the past ten years participated as a team member or led a number of projects including: the Alexandra Renewal Programme, the Local Economic Development Study for the Amajuba Municipality in Newcastle, the Impact Study of the SMME Microfinancing sector around the Tshwane area and the Public Participation Process that led to Robben Island gaining world heritage status. Directorships – external are - Kagiso Activ Training (Pty) Limited, Kagiso Enterprises Rural Private Equity Fund (Pty) Limited, Kagiso Trust Consultancy (Pty) Limited, Kagiso Trust Investments (Pty) Limited.

Vivian Bartlett

 Mr. Vivian Wade Bartlett AMP (Harvard), FIBSA, is Independent Non-Executive Director of Firstrand Ltd. He started his career with Barclays Bank DCO South Africa, which in 1987 became First National Bank of Southern Africa. After four years of overseas secondments he returned to South Africa in 1972 where he served as general manager and managing director in various group companies until being appointed as group managing director and chief executive officer of First National Bank of Southern Africa in 1996. In 1998, he was appointed deputy chief executive officer of FirstRand Bank, a position he held until his retirement in 2004. Directorships – FirstRand Group are - FirstRand Bank Limited, Makalani Holdings Limited, First National Bank, WesBank – chairman, Co-investment scheme of RMB – trustee.

Jurie Bester

 Mr. Jurie Johannes Human Bester is Independent Non-Executive Director of Firstrand Ltd. He is a seasoned banker with a broad range of experience and in banking and financial services, risk management, risk modelling and risk quantification. He was the Head of Risk Management at RMB and Risk and Audit Services of the FirstRand Banking Group from 1997 until he retired from the Group in 2005. Subsequently he served as chairman or a member of a number of risk and audit committees of the FirstRand Banking Group. Directorships – FirstRand Group are - FirstRand Bank Limited, FirstRand Ireland Plc.

Patrick Goss

 Mr. Patrick Maguire Goss BEcon (Hons), BAccSc (Hons), CA (SA), is Independent Non-Executive Director of Firstrand Ltd. After graduating from the University of Stellenbosch, served as President of the Association of Economics and Commerce Students, representing South Africa at The Hague and Basel. He qualified as a chartered accountant with Ernst and Young and subsequently joined the Industrial Development Corporation. Most of his active career was spent in food retailing and the hospitality industry. He has served as a director of various group companies for the past 30 years. A former chairman of the Natal Parks Board, his interests include Umngazi River Bungalows and other conservation related activities. He was elected lead independent director by the Board on 27 October 2010. Directorships – FirstRand Group - FirstRand Bank Limited, Rand Merchant Bank, RMB Holdings Limited, Rand Merchant Insurance Holdings Limited.

Nolulamo Gwagwa

 Dr. Nolulamo Nobambiswano Gwagwa, BA (Fort Hare), MTRP (Natal), MSc (cum laude) (London), Ph.D., is Independent Non-Executive Director of Firstrand Ltd. She worked as a town planner in the private, public and NGO sectors between 1981 and 1986, whereafter she proceeded to further her studies. In 1992 she joined the University of Natal as a senior lecturer in the Department of Town and Regional Planning. In 1995 she was appointed as a deputy director general in the national Department of Public Works, where she was responsible for the national public works programme and the transformation of the construction industry. From 1998 to 2003 she was the chief executive officer of the Independent Development Trust. She is currently the chief executive officer of Lereko Investments. Directorships – external are - Ethics Institute of South Africa, Lereko Investments (Pty) Limited, Massmart Holdings Limited, Sun International Limited.

Roger Jardine

 Mr. Roger William Jardine BSc (Physics), MSc (Radiological Physics), is Independent Non-Executive Director of Firstrand Ltd. He is also Director of FirstRand Bank Holdings. He was national coordinator of science and technology policy in the department of economic planning of the African National Congress from 1992 to 1995. In 1995, he became the director general of the Department of Arts, Culture, Science and Technology. He was chairman of the board of the CSIR and the Nuclear Energy Corporation between 1999 and 2005. In 1999, Roger joined Kagiso Media Limited as chief executive officer and in 2006 became the chief operating officer of Kagiso Trust Investments. Roger joined Aveng Limited as chief executive officer in July 2008 and is also a director of Aveng (Africa) Limited, McConnell Dowell (Australia) Corporation Limited and Trident Steel Holdings (Pty) Limited. Mr. Jardine was appointed to the boards of FirstRand Bank during 2004 and FirstRand Limited during 2010.

Ethel Matenge-Sebesho

 Ms. Ethel Gothamodimo Matenge-Sebesho MBA (Brunel); C.A.I.B (SA), is Independent Non-Executive Director of Firstrand Ltd. She is also Director of FirstRand Bank Holdings. She started her career in banking with Standard Chartered Bank Botswana Limited from 1973 to 1996, during which time she studied for an MBA from Brunel University of London. She has considerable experience in banking and financial services, which was acquired in her role as director on the boards of Oikocredit, an international development financial institution based in the Netherlands from 2001 to 2007, Women Finance House Botswana from 1989 to 1996, and Botswana Housing Corporation. In November 1996 as general manager, Housing Institutions in the National Housing Finance Corporation Limited, she was part of the team that pioneered the concept of social housing in South Africa. From April 1998, she has held management positions in the Home Loan Guarantee Company including marketing solutions for housing and housing financerelated problems to new markets in Africa.

Ronald Store

 Mr. Ronald Keith Store CA (SA), is Independent Non-Executive Director of Firstrand Ltd. He retired in 2004 from Deloitte, South Africa where he completed his career as chairman of the board of partners. He founded the firm’s Financial Institutions Services Team in 1984. In that capacity, he rendered regulatory, risk management and corporate governance consulting services to Southern African banking institutions, central banks and the World Bank. He has had an ongoing interest in training in regulatory, governance and risk management topics relating to banks. He has lectured in this capacity to most South African banks. He was appointed curator for four failed South African banks during the period 1991 to 2004. Directorships – FirstRand Group are - FirstRand Bank Limited, Rand Merchant Bank.

Benedict van der Ross

 Mr. Benedict James van der Ross, Dip Law (UCT ), is Independent Non-Executive Director of Firstrand Ltd. He has a diploma in Law from the University of Cape Town and was admitted to the Cape Side Bar as an attorney and conveyancer. He had a private practice for 16 years. He became an executive director with the Urban Foundation for five years up to 1990 and thereafter of the Independent Development Trust where he was deputy chief executive officer from 1995 to 1998. He acted as chief executive officer of the South African Rail Commuter Corporation from 2001 to 2003 and as chief executive officer of Business South Africa from 2003 to 2004. He served on the board of The Southern Life Association from 1986 until the formation of the FirstRand Group in 1998. Directorships – external are - Distell Group Limited, Lewis Group Limited, MMI Holdings Limited, Naspers Limited, Pick ’n Pay Stores Limited.

Jan van Greuning

 Dr. Jan Hendrik van Greuning, DCom (Economics), DCompt (Accounting Science), CA (SA), CFA, is Independent Non-Executive Director of FirstRand Ltd. He joined the World Bank in 1994 from the South African Reserve Bank where he served as financial manager (1986 – 1989) and Registrar of Banks (1990 – 1994). Prior to this he was a partner with Deloitte, where he spent ten years. During his World Bank career he worked in the Financial Sector Development department as well as the Europe and Central Asia region before moving to the World Bank Treasury, until his retirement in late 2008. He has worked securities accounting and operational risk management issues. His World Bank publication on International Financial Reporting Standards (IFRS – A Practical Guide) has appeared in five editions and he has co-authored “Analysing Banking Risk” (three editions), “Risk Analysis for Islamic Banks” (first edition November 2007) as well as International Financial Statement Analysis (CFA Institute – November 2008).

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