Edition:
United States

Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

19,965.34ZAc
22 Jul 2016
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Summary

Name Age Since Current Position

Vassi Naidoo

60 2015 Non-Executive Chairman of the Board

Michael Brown

48 2010 Chief Executive Officer, Executive Director

Raisibe Morathi

46 2014 Chief Financial Officer, Executive Director

Mfundo Nkuhlu

2015 Chief Operating Officer, Executive Director

Thabani Jali

56 2012 Chief Governance & Compliance Officer, Company Secretary

Trevor Adams

52 2014 Chief Risk Officer

Michael Davis

43 2015 Balance Sheet Management

Brian Kennedy

54 Managing Executive - Nedbank Corporate and Investment Banking

Priya Naidoo

41 2015 Strategic Planning and Economics

Thulani Sibeko

43 2011 Group Marketing, Communication and Corporate Affairs

Fred Swanepoel

51 2015 Group Technology Officer

Abe Thebyane

54 2011 Group Human Resources

Ciko Thomas

45 Managing Executive - Consumer Banking

Philip Wessels

57 2014 Managing Executive - Retail and Business Banking

Mustaq Enus-Brey

60 2005 Non-Executive Director

Ian Gladman

50 2012 Non-Executive Director

J. Hemphill

52 2015 Non-Executive Director

Reuel Khoza

66 2015 Non-Executive Director

Gloria Serobe

55 2005 Non-Executive Director

David Adomakoh

49 2014 Independent Non-Executive Director

Thomas Boardman

65 2014 Independent Non-Executive Director

Brian Dames

49 2014 Independent Non-Executive Director

Paul Makwana

45 2011 Independent Non-Executive Director

Mantsika Matooane

39 2014 Independent Non-Executive Director

Nomavuso Mnxasana

59 2008 Independent Non-Executive Director

Joel Netshitenzhe

58 2010 Independent Non-Executive Director

Stanley Subramoney

56 2015 Independent Non-Executive Director

Malcolm Wyman

68 2014 Senior independent non-executive director

Phakamile Ngcobo

2014 Investor Relations Administrator

Biographies

Name Description

Vassi Naidoo

Mr. Vassi Naidoo is Non-Executive Chairman of the Board of the Company. He has been appointed to the Nedbank Group Limited and Nedbank Limited Boards as a non-executive director and Chairman designate with effect from 1 May 2015. Vassi has also been appointed as a non-executive director of Old Mutual plc with effect from 1 May 2015. Vassi was previously Chief Executive of Deloitte Southern Africa from 1998 to 2006, a member of the Deloitte UK Executive from 2006 to 2009 and a member of Deloitte Global Executive from 2007 to 2011, and thereafter Vice Chairman of Deloitte UK from 2009 to 2014. Vassi is a member of the South African Institute of Chartered Accountants, with honorary life membership granted in 2011 for his contribution to the development of the profession in SA. He is also a member of the Institute of Chartered Accountants in England and Wales. Committees: Group Directors’ Affairs Committee.

Michael Brown

Mr. Michael William Thomas Brown is Chief Executive Officer, Executive Director of the Company. He was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. Mike was previously an executive director of BoE Limited and, after the merger between Nedbank Limited, BoE Limited, Nedbank Investment Bank Limited and Cape of Good Hope Bank Limited, was appointed Head of Property Finance at Nedbank Limited. Committee membership: Largeexposure Approval Committee, Group Credit Committee, Group Risk and Capital Management Committee Holds 389 601 Nedbank Group Limited ordinary shares.

Raisibe Morathi

Ms. Raisibe Kgomaraga Morathi is Chief Financial Officer, Executive Director of the Company. She was appointed as Chief Financial Officer of the group in September 2009, and held senior positions in banking and insurance over the past 20 years. Before joining Nedbank Group Raisibe was an executive director of one of the listed insurance companies. She previously held several executive positions at the Industrial Development Corporation of SA Limited, the last position being Chief Operating Officer.

Mfundo Nkuhlu

Mr. Mfundo C. Nkuhlu is Chief Operating Officer, Executive Director of the Company. He was appointed to the board as Chief Operating Officer in January 2015. Mfundo joined the group as Head of Nedbank Africa in 2004 and became Head of Corporate Banking in 2005. He became a member of the Group Executive Committee (Group Exco) in 2008 and Managing Executive Nedbank Corporate in 2009. As a member of the Group Exco, Mfundo was closely involved in the oversight of the business strategies across Nedbank and delivered strong and consistent performance in Nedbank Corporate. Before joining Nedbank, Mfundo was the executive responsible for strategy, revenue and economic analysis at the South African Revenue Service (SARS) and Chief Director in the dti responsible for Africa and NEPAD.

Thabani Jali

Mr. Thabani S.B. Jali is Chief Governance & Compliance Officer, Company Secretary of the Company. He joined Nedbank Group in October 2011 as Group Executive responsible for governance and compliance. He is also responsible for ethics, sustainability, Nedbank Group Editorial and Language Services and Group Secretariat. In addition to this role, he was appointed Group Company Secretary on 1 July 2012. He is a member of the Specialist Committee on Company Law. Before joining the group, Thabani gained over 20 years’ experience in the legal profession as an attorney, a mediator, an arbitrator and later a judge. Thabani was formerly Executive Chairman of PricewaterhouseCoopers Inc. (Southern Africa), a Deputy Judge President of the High Court of SA (Natal Provincial Division) and a Judge of the Competition Appeal Court. He was also a partner in a commercial law firm and served as Chairman of the Competition Commission Enquiry into Bank Charges and the National Payment System from 2006 to 2008.

Trevor Adams

Mr. Trevor Adams is Chief Risk Officer of the Company. He was appointed as the Chief Risk Officer in August 2014. Trevor was appointed to the Group Exco in 2009 and was previously Group Executive of Balance Sheet Management (comprising risk management; credit portfolio management; asset and liability management; risk strategy; risk appetite and stress testing; funding and liquidity management; capital management; margin management; and strategic portfolio management). Trevor also led the group’s successful Basel II and III implementations, and generally the significant enhancement of risk, capital and balance sheet management across the group over the past 10 years. Before joining the group in 1996 he was a partner at Deloitte, where he specialised in banking and risk management, and so collectively has around 25 years banking-related experience.

Michael Davis

Mr. Michael (Mike) Davis is Balance Sheet Management of the Company. He was appointed as Group Executive: Balance Sheet Management and to the Group Exco on 1 January 2015. Previously Mike held the position of Executive Head: Group Asset, Liability and Capital Management, and has made a considerable contribution to enhancing the group’s capital management, liquidity risk management and interest rate risk management. Before joining Nedbank and the acquisition of BoE Bank Limited, Mike held the position of Asset/Liability Committee and Asset and Liability Management Manager.

Brian Kennedy

Mr. Brian Kennedy is Managing Executive - Nedbank Corporate and Investment Banking of the Company. He has over 25 years of investment banking experience, 19 of which have been at Nedbank. He led Capital Markets within Nedbank following the merger with BoE, and in November 2003 was appointed to the Group Exco and mandated to develop the investment banking franchise, Nedbank Capital. Brian has extensive experience in the debt and equity capital markets and has been actively involved in the design and execution of innovative solutions for top SA corporates and parastatals. He has been instrumental in developing and driving the strategy, culture and new business initiatives within Nedbank Capital.

Priya Naidoo

Ms. Priya Naidoo is Strategic Planning and Economics of the Company. Since was appointed to the Group Exco on 1 January 2015 and will succeed John Bestbier, Group Executive: Strategic Planning and Economics, Priya joined Nedbank in 2001 in the Corporate Banking Division, after completing her articles at PricewaterhouseCoopers Inc.

Thulani Sibeko

Mr. Thulani Sibeko is Group Marketing, Communication and Corporate Affairs of the Company. He joined Nedbank Group in May 2011 and leads the group’s Marketing, Communications, Transformation, CSI and Public Affairs areas. Thulani started his marketing career at Gillette SA in 1993 and has held different marketing roles at Polaroid, Procter & Gamble, Vodacom Group Limited and The Hollard Insurance Company Limited. During his marketing career he managed brands such as Gillette, Oral B, Braun, Polaroid, Olay, Pantene, Head & Shoulders, Vicks, Vodacom and Hollard. In addition to working in SA, Thulani has held regional assignments in the USA, the UK and Switzerland.

Fred Swanepoel

Mr. Fred Swanepoel is Group Technology Officer of the Company. He has more than 24 years’ experience in finance, banking and information technology. In 1996 Fred joined Nedbank to run regional operations in the Western Cape. In 2000 he brought his operational experience into the group’s technology arena and was appointed Nedbank Group’s Chief Information Officer in November 2008. Before this he held several high-level positions in the technology environment, including Divisional Director for Finance, Risk and Compliance, Projects and Programme Management, and head of Group Software Services. He has significantly repositioned Group Technology to deliver a simplified and agile technology landscape. Fred’s goal is to ‘leverage technology to make Nedbank Africa’s most admired bank’.

Abe Thebyane

Mr. Abe Thebyane is Group Human Resources of the Company. He joined Nedbank Group and was appointed to the Group Executive Committee in February 2011 as Head of Group Human Resources. Abe has 30 years’ experience in human resources, which he acquired through the various senior and executive positions he held in large corporations in SA. Before joining Nedbank Group Abe was Executive Head: Human Resources at Anglo American Platinum Limited for six years and before that he was Executive Director: Human Resources at Iscor Limited.

Ciko Thomas

Mr. Ciko Thomas is Managing Executive - Consumer Banking of the Company. He joined the group in January 2010 as Group Executive: Group Marketing, Communications and Corporate Affairs. Ciko has wide-ranging marketing and business experience in financial services and in the consumer goods and motor industries. He joined Nedbank from Barloworld, where he was the Group Marketing Director of the automotive division. Ciko was previously General Manager: Retail Banking Marketing at Absa Group. He has also held various management positions at SA Breweries, Unilever and M-Net. In November 2010 Ciko was appointed as Managing Executive: Consumer Banking in the Retail Cluster.

Philip Wessels

Mr. Philip Wessels is Managing Executive - Retail and Business Banking of the Company. He has been the CRO and a member of the Group Exco since 2004. Philip has extensive retail and business banking experience, previously holding positions of Divisional Director of Nedbank Businesses Banking, Non-Executive Director of Imperial Bank which included MFC (Nedbank Retail?s vehicle finance business) and various executive roles at BoE and Boland Bank between 1995 and 2003. Philip is a qualified chartered accountant and finished his career in the profession as managing partner of the Deloitte Financial Services practice in 1995.

Mustaq Enus-Brey

Mr. Mustaq Ahmed Enus-Brey is Non-Executive Director of the Company. He joined the board as a non-executive director in August 2005. He is also a director of Brimstone Investment Corporation Limited and Oceana Group Limited, and the Chairman of Life Healthcare Limited. Committee membership: Group Risk and Capital Management Committee (Chairman), Group Credit Committee, Group Finance and Oversight Committee, Large-exposure Approval Committee.

Ian Gladman

Mr. Ian David Gladman is Non-Executive Director of the Company. He joined the board as a nonexecutive director in June 2002. Ian is currently the Group Strategy Director of Old Mutual plc. Previous positions held by him include Head of Corporate Finance (SA) and Joint Head: Financial Institutions Group, Europe, the Middle East and Africa (EMEA) at UBS, Investment Bank. Committee membership: Group Credit Committee, Group Risk and Capital Management Committee, Group Finance and Oversight Committee, Large-exposure Approval Committee.

J. Hemphill

Mr. J. Bruce Hemphill is Non-Executive Director of the Company. Mr Hemphill was appointed as the Group Chief Executive of Old Mutual plc (Nedbank Group's ultimate holding company) on 1 November 2015. From February 2014 to October 2015 he was Chief Executive of Wealth, Insurance and Non-Bank Financial Services at Standard Bank Group. Prior to that (June 2006 to February 2014) he was Chief Executive of Liberty Group, an African financial services group listed on the JSE, where he led Liberty on an extensive transformation and growth path while delivering significant value to shareholders.

Reuel Khoza

Dr. Reuel Jethro Khoza is Non-Executive Director of the Company. He is also Chairman of Aka Capital (Pty) Ltd, and a non-executive director of Nampak Ltd, Protea Group Ltd and Old Mutual plc. He is president of the Institute of Directors and, in this capacity, served on the King II and King III Committees on corporate governance. He is a founding director of the Black Management Forum and the former Chairman of Eskom Holdings Ltd. Reuel is also the Chancellor of the University of Limpopo.

Gloria Serobe

Ms. Gloria Tomatoe Serobe is Non-Executive Director of the Company. She joined the board as a nonexecutive director in August 2005. Gloria is currently the Chief Executive of Wipcapital and also founder and Executive Director of WIPHOLD. She was previously the Executive Director of Finance at Transnet SOC Limited. Gloria serves on several boards, including that of Sasol Mining and Ixia Coal. She is the Chairman of the board of the Independent Ports Regulator. She is also a non-executive director of Old Mutual Emerging Markets Limited. Committee membership: Group Transformation, Social and Ethics Committee (Chairman), Group Credit Committee, Large-exposure Approval Committee.

David Adomakoh

Mr. David Kwame Tandoh Adomakoh is an Independent Non-Executive Director of the Company. He joined the board as an independent non-executive director on 21 February 2014. David is currently the Chairman of Tiso Investment Holdings Proprietary Limited and a cofounder of Tiso Group, where he served as Group Managing Director. He is a former director of Chase Manhattan Limited, London; Head of the Chase Manhattan Bank, Southern Africa; Executive Director of Robert Fleming SA; and Head of Africa Corporate Finance at JP Morgan. He currently serves as a non-executive director of Kagiso Tiso Holdings Proprietary Limited , and the Chairman of the Investment Committee. He also serves as a non-executive director of Idwala Industrial Holdings, African Explosives Limited, Aveng (Africa) Limited and Trident Steel. His experience spans 25 years in executive management and investment banking, and includes principal investing, corporate and project finance advisory work, debt capital raising, and financial derivatives in a number of countries predominantly in Africa and Europe. He also served on the boards of a number of SA, Nigerian and Ghanaian companies. He is a founding trustee of the Tiso Foundation, and a World Fellow of the Duke of Edinburgh’s International Award. Committee membership: Group Transformation, Social and Ethics Committee.

Thomas Boardman

Mr. Thomas Andrew Boardman is an Independent Non-Executive Director of the Company. He was appointed to the board as an executive director in November 2002, and was Chief Executive from December 2003 to February 2010, after which he was appointed as a non-executive director. From 1 January 2014 Tom was classified as an independent non-executive director. Tom was previously Chief Executive and an executive director of BoE Limited, one of SA’s leading private and investment banking companies and which was acquired by Nedbank in 2002. He was the founding shareholder and Managing Director of retail housewares chain Boardmans, which he sold to Pick n Pay Stores Limited in 1986. Before this he was Managing Director of Sam Newman Limited and worked for Anglo American Corporation Limited for three years. He served his articles at Deloitte. He is also a non-executive director of Woolworths Holdings Limited, Royal Bafokeng Holdings Proprietary Limited and African Rainbow Minerals Limited. Tom has also been appointed as a non-executive director of Kinnevik, a listed Swedish investment company. He is a director of the Peace Parks Foundation and the Chairman of the David Rattray Foundation, and serves as a trustee on a number of other charitable foundations. Committee membership.

Brian Dames

Mr. Brian Anthony Dames is an Independent Non-Executive Director of the Company. He joined the board as an independent non-executive director on 30 June 2014. Previously Brian served as the Chief Executive of Eskom, the largest power utility in Africa and one of the largest utilities in the world and has extensive experience with global (and specifically with African and South African) energy and resource issues. Brian has demonstrated leadership in successful large-scale corporate turnaround management programmes, funding programmes, infrastructure build and deployment programmes, as well as in corporate governance and sustainability reporting. Brian is currently Chief Executive of African Rainbow Energy and Power, serves as senior adviser to Mckinsey & Company and a member of the Sustainability Energy for All Executive Committee (UN and World Bank initiative) and serves as a nonexecutive director of the Industrial Development Corporation of South Africa Limited.

Paul Makwana

Mr. Paul Mpho Makwana is Independent Non-Executive Director of the Company. He joined the board as an independent non-executive director on 17 November 2011. Mpho is the immediate past Chairman of Eskom Holdings Limited, an independent director of Adcock Ingram Limited, and the Chairman of ArcelorMittal SA Limited. Committee membership: Group Remuneration Committee (Chairman), Group Transformation, Social and Ethics Committee, Group IT Committee, Group Audit Committee, Group Directors’ Affairs Committee.

Mantsika Matooane

Dr. Mantsika Amelia Matooane is Independent Non-Executive Director of the Company. He joined the board as an independent non-executive director on 15 May 2014. Mantsika currently serves as Group Executive: Enterprise Information Management Services at Transnet SOC Limited, and serves as a non-executive director of JSE Limited and NMG Consultants and Actuaries Proprietary Limited. Committee membership: Group Information Technology Committee Holds 176 Nedbank Group Limited ordinary shares.

Nomavuso Mnxasana

Ms. Nomavuso Patience Mnxasana is Independent Non-Executive Director of the Company. She joined the board as an independent non-executive director in October 2008. She is currently a director at Winhold Limited, JSE Limited, Transnet SOC and Land and Agricultural Development Bank of SA Limited (Land Bank). She was a senior partner and member of the executive committee of SizweNtsaluba before serving as Group Audit and Risk Executive at Imperial Holdings Limited. Committee membership: Group Audit Committee, Group Remuneration Committee, Group Risk and Capital Management Committee.

Joel Netshitenzhe

Mr. Joel Khathutshelo Netshitenzhe is Independent Non-Executive Director of the Company. He joined the board as an independent non-executive director in August 2010. He is currently an executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) and a member of the National Planning Commission. He has been a member of the National Executive Committee of the African National Congress since 1991, and serves on the African National Congress’s Economic Transformation and Political Education subcommittees. He served as Head of Policy Coordination and Advisory Services in the Presidency from 2001 until December 2009. He was previously Chief Executive of the Government Communication and Information System and also served as Head of Communication in the President’s Office. He is a nonexecutive director on the board of Life Healthcare Group Holdings Limited.

Stanley Subramoney

Mr. Stanley Subramoney is Independent Non-Executive Director of the Company. Retired partner at PricewaterhouseCoopers (PwC). Stanley qualified as a Chartered Accountant (SA) in 1987 and was appointed audit partner at PwC, serving a number of the firm´s large clients both in the public and private sectors. During his 27 years in the audit profession as audit partner and later as member of the Exco of PwC he led large and complex assignments, attended audit committee meetings of key clients, was the technical partner, trained board and audit committee members on the roles and responsibilities of the board and on governance, and gained valuable experience across the various sectors. He represented the southern African firm in a number of PwC´s African and global structures. These roles provided Stanley with a wide international view and exposure to global clients. At the age of 42 he was appointed Deputy CEO for PwC Southern Africa and member of the southern Africa executive committee. During his time as the strategy leader for PwC Southern Africa, Stanley led the Government and Public Sector Industry Group for Southern Africa. He was the Chairman of Business Skills for South Africa Foundation, a non-profit organization that has provided business skills training to over 18,000 entrepreneurs from disadvantaged communities. He is Chairman of the Nepad Business Foundation - a Pan-African business foundation that seeks to put Africa on a path of sound sustainable economic development. He is also on the board of Business Unity South Africa (BUSA) and Chairman of its audit committee. Stanley opted to take early retirement from PwC to explore other business interests.

Malcolm Wyman

Mr. Malcolm Ian Wyman is Senior Non-Executive Independent Director of the Company. He joined the board as an independent non-executive director in August 2009 and was appointed as the Senior Independent Director on 6 May 2011. Malcolm was previously an executive director and the Chief Financial Officer of SABMiller plc until August 2011. He was also previously a non-executive director of Tsogo Sun Holdings Limited until August 2014. He is a non-executive director and Chairman of the Audit Committee of Imperial Tobacco Group plc as well as Serco Group plc, which are both listed on the London Stock Exchange.

Phakamile Ngcobo