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Nedbank Group Ltd (NEDJ.J)

NEDJ.J on Johannesburg Stock Exchange

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16 Jul 2019
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Summary

Name Age Since Current Position

Vassi Naidoo

64 2015 Non-Executive Chairman of the Board

Michael Brown

52 2010 Chief Executive, Executive Director

Raisibe Morathi

49 2014 Chief Financial Officer, Executive Director

Mfundo Nkuhlu

52 2015 Chief Operating Officer, Executive Director

Deborah Fuller

46 2018 Group Executive for Human Resources

Fred Swanepoel

55 2017 Chief Information Officer

Khensani Nobanda

40 2018 Group Executive - Group Marketing and Corporate Affairs

Anna Isaac

49 2019 Group Chief Compliance Officer

Trevor Adams

56 2014 Chief Risk Officer

Michael Davis

47 2015 Group Executive - Balance Sheet Management

Brian Kennedy

58 2003 Group Managing Executive - Nedbank Corporate and Investment Banking

Priya Naidoo

45 2019 Group Executive - Strategic

Iolanda Ruggiero

48 2015 Group Managing Executive, Nedbank Wealth

Ciko Thomas

50 Group Managing Executive - Nedbank Retail and Business Banking

Jackie Katzin

2019 Group Company Secretary

Paul Makwana

47 2019 Lead Independent Non-Executive Director

Robert Leith

56 2019 Non-Executive Director

M. Moyo

2018 Non-Executive Director

Hubert Brody

54 2017 Independent Non-Executive Director

Brian Dames

53 2014 Independent Non-Executive Director

Neo Dongwana

47 2017 Independent Non-Executive Director

Errol Kruger

60 2016 Independent Non-Executive Director

Linda Makalima

50 2017 Independent Non-Executive Director

Tshilidzi Marwala

2019 Non-Executive Independent Director

Mantsika Matooane

43 2014 Independent Non-Executive Director

Joel Netshitenzhe

62 2010 Independent Non-Executive Director

Stanley Subramoney

60 2015 Independent Non-Executive Director

Alfred Visagie

2019 Executive Head: Investor Relations

Biographies

Name Description

Vassi Naidoo

Mr. Vassi Naidoo has served as Non-Executive Chairman of the Board of Nedbank Group Limited since May 11, 2015. 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. He holds a Bachelors degree from University of Durban.

Michael Brown

Mr. Michael William Thomas (Mike) Brown has served as Chief Executive Officer, Executive Director of Nedbank Group Limited since March 1, 2010. He served as Chief Executive Officer Designate, Chief Financial Officer, Director of the Company between March 17, 2009 and March 1, 2010. He also served as Chief Financial Officer, Director of the Company between June 17, 2004 and March 17, 2009. 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: Large exposure Approval Committee, Group Credit Committee, Group Risk and Capital Management Committee Holds 389 601 Nedbank Group Limited ordinary shares.

Raisibe Morathi

Mrs. Raisibe Kgomaraga Morathi is Chief Financial Officer, Executive Director of Nedbank Group Limited. She was appointed as Chief Financial Officer, Executive Director of the group in September 1, 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 Clement Nkuhlu is Chief Operating Officer, Executive Director of Nedbank Group Limited since January 1, 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 responsible for Africa and NEPAD. He holds a Bachelor of Arts degree in Strategic Management from INSEAD Business School.

Deborah Fuller

Ms. Deborah Fuller is Group Executive for Human Resources of Nedbank Group Limited effective June 25, 2018. Deborah obtained a Bachelor of Social Sciences degree from Rhodes University in 1993. She has extensive HR experience both in South Africa and globally in large corporates, specializing in strategic HR leadership, leadership development and talent management, employee engagement, diversity and inclusion, and building high performance HR teams. She was previously Cluster Head (Managing Director) for HR: Retail and Business Banking for Barclays Africa Group Limited, and Head of HR for Group Enabling Functions for Standard Bank Group Limited. Prior to that she held several senior HR roles at General Electric in the United Kingdom.

Fred Swanepoel

Mr. Fred Swanepoel is Chief Information Officer of the Company. 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’.

Khensani Nobanda

Ms. Khensani Nobanda is Group Executive - Group Marketing and Corporate Affairs of Nedbank Group Limited since May 15, 2018. She obtained her BCom in 1999 from Wits University (majoring in marketing and information systems) and her MBA in 2013 from GIBS of Gordon College. She joined Nedbank in September 2017 as Executive Head of Group Marketing. She was previously Executive Head of Department for post-paid mass and high value segment marketing at Vodacom and held senior roles in marketing at South African Breweries and Unilever.

Anna Isaac

Ms. Anna Isaac is Group Chief Compliance Officer of the Company. She has 21 years’ service at Nedbank.

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 Group Executive - 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 Group 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 Group Executive - Strategic of the Company. Since she 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.

Iolanda Ruggiero

Ms. Iolanda Ruggiero is Group Managing Executive, Nedbank Wealth of the Company. She has 16 years’ service at Nedbank.

Ciko Thomas

Mr. Ciko Thomas is Group Managing Executive - Nedbank Retail and Business Banking of the Company. He has 9 years’ service at Nedbank. 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.

Jackie Katzin

Paul Makwana

Mr. Paul Mpho Makwana is Lead Independent Non-Executive Director of Nedbank Group Limited effective May 10, 2019. He started serving as Independent Non-Executive Director of the Company on November 17, 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: Mpho is the Chairman of the Nedbank Group Transformation, Social and Ethics Committee and was the Chairman of the Remuneration Committee between January 2012 until 2018. He is also a member of the Group IT Committee, Group Remuneration Committee, Group Directors´ Affairs Committee (`DAC´), Group Related-Party Transactions Committee (`GRPTC´), and Group Risk and Capital Management Committee. Mpho also assumes the roles of Chairman of the DAC and GRPTC on 10 May 2019.

Robert Leith

Mr. Robert Alexander Gordon (Rob) Leith has served as Non-Executive Director of Nedbank Group Limited since January 1, 2019. He served as Non-Executive Director of the Company between October 13, 2016 and October 15, 2018. Mr. Leith was appointed as the Director of Managed Separation at Old Mutual plc (Nedbank Group’s ultimate holding company) on March 14, 2016. He joined Old Mutual from a private investment company where he had been since September 2014. Prior to that, he was Global Head of Investment Banking and Global Markets of Sberbank CIB. He joined Sberbank CIB in January 2012 from Standard Bank, where he had served for over 20 years in the UK, latterly as Head of Group Strategic Development and Chief Executive of Global Corporate and Investment Banking.

M. Moyo

Hubert Brody

Mr. Hubert Rene Brody is Independent Non-Executive Director of Nedbank Group Limited since July 1, 2017. Hubert was chief executive of Imperial Holdings, the diversified mobility group, from July 2007 until February 2014 and thereafter served as a non-executive director of Imperial Holdings until the end of 2014. He previously served as a director and chairman of Imperial Bank (initially a joint venture between Nedbank and Imperial Holdings and later acquired as a subsidiary of Nedbank) until 2010. Hubert was an executive at The Sanlam Group Limited from January 2015 to May 2017. He is also an independent non-executive director at Woolworths Holdings Limited. He has also served as Member of the Remuneration, Credit and Audit Committees of the Company since July 1, 2017.

Brian Dames

Mr. Brian Anthony Dames has served as Independent Non-Executive Director of Nedbank Group Limited since June 30, 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 programs, funding programs, infrastructure build and deployment programs, as well as in corporate governance and sustainability reporting. Brian is currently Chief Executive of African Rainbow Energy and Power, serves as senior advisor to Mckinsey & Company and a member of the Sustainability Energy for All Executive Committee (UN and World Bank initiative) and serves as a non-executive director of the Industrial Development Corporation of South Africa Limited. He holds a BSc degree from University of the Western Cape, and an MBA degree from Samford University.

Neo Dongwana

Ms. Neo Phakama (Hani) Dongwana is Independent Non-Executive Director of Nedbank Group Limited since June 1, 2017. Neo Dongwana spent her earlier career as an Equities Analyst before joining Deloitte, where she held the position of Audit Partner for 9 years. She was the first black female partner in the Cape Town office and the second black female partner in the South African practice. Neo serves on a number of boards, including Barloworld limited, AVI limited and Mpact Limited. She is also a Trustee of the Women´s Development Bank and has represented South Africa on the Southern African Development Community´s audit committee and serves as a member of the Financial Services Board Appeal Board. Neo has served as Member of the Nedbank Group Remuneration Committee and Group Audit Committee since June 1, 2017.

Errol Kruger

Mr. Errol Melville Kruger is Independent Non-Executive Director of Nedbank Group Limited since August 1, 2016. He has regulatory, banking and financial services experience. From September 2003 to July 2011, Mr. Kruger was the Registrar of Banks at the South African Reserve Bank (SARB), having been with the SARB from July 1978 until July 2011. As the Registrar of Banks, he represented South Africa as a full member of the Basel Committee on Banking Supervision from 2009 to 2011 and he successfully project managed South Africa’s early adoption, and full implementation, of both the revised 25 Basel Core Principles for Effective Banking Supervision as well as Basel II. Mr. Kruger was appointed Managing Director of Supervision and Authorization at the Qatar Financial Centre Regulatory Authority on August 1, 2011, after he was also appointed by the Board of the Qatar Central Bank to serve on Qatar’s Financial Stability and Risk Control Committee. He relinquishes his role at the Qatar Financial Centre Regulatory Authority as of July 31, 2016. He was appointed as Chairman of both the Group Risk and Capital Management Committee and the Group Credit Committee of the Company as of May 18, 2017.

Linda Makalima

Ms. Linda Makalima (formerly Manzini) is Independent Non-Executive Director of Nedbank Group Limited since June 1, 2017. She is the founder of Lima Business Solutions (Pty) Limited, was previously Director and Head of Investment Banking Coverage (SA) at Standard Bank where she was responsible for business development and origination across a portfolio of sectors, which included Oil & Gas, Power, Infrastructure & Renewables, Mining & Metals and Telecommunications. Prior to that Linda was Managing Director of Diners Club. Linda left the corporate world to become a career and business coach, providing professionals and entrepreneurs with skills, insights and tools to enrich their careers and businesses. Linda is to join the Nedbank Group Transformation, Social and Ethics Committee, Group Credit Committee and the Large-exposure Approval Committee.

Tshilidzi Marwala

Prof. Tshilidzi Marwala has been appointed as Non-Executive Independent Director of the Company with effect from 27 May 2019. Professor Marwala’s skills and experience in the aforementioned areas would be of great benefit. Professor Marwala is an accomplished scholar with multi-disciplinary research interests that include the theory and application of artificial intelligence to engineering, computer science, finance, social science and medicine. He has an extensive track record in human capacity development and has published 15 books in artificial intelligence. Professor Marwala is the Vice Chancellor and Principal of the University of Johannesburg and prior to this he was the Deputy Vice Chancellor for Research and Internationalisation and Executive Dean of Engineering and the Built Environment both at the University of Johannesburg. He was recently appointed as Deputy Chair of the Presidential Commission on the Fourth Industrial Revolution.

Mantsika Matooane

Dr. Mantsika Amelia Matooane is Independent Non-Executive Director of Nedbank Group Limited since May 15, 2014. She 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. She holds a PhD degree in Computer Science from Cambridge University.

Joel Netshitenzhe

Mr. Joel Khathutshelo Netshitenzhe is Independent Non-Executive Director of Nedbank Group Limited since August 5, 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 non-executive director on the board of Life Healthcare Group Holdings Limited. He holds a Master of Science degree from University of London.

Stanley Subramoney

Mr. Stanley Subramoney has served as Independent Non-Executive Director of Nedbank Group Limited since September 23, 2015. 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.

Alfred Visagie