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Group overview
Board of Directors
Paul Mpho Makwana
Michael William Thomas Brown
Michael Davis
Hubert Rene Brody
Brian Anthony Dames
Neo Phakama Dongwana
Errol Melville Kruger
Phumzile Langeni
Robert Alexander Gordon Leith
Linda Makalima
Tshilidzi Marwala
Mantsika Amelia Matooane
Mfundo Clement Nkuhlu
Mteto Nyati
Stanley Subramoney
Nedbank Board Of Directors
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Michael William Thomas Brown
Michael Davis
Mfundo Nkuhlu
Anél Bosman
Ciko Thomas
Iolanda Ruggiero
Terence Sibiya
Trevor Adams
Deborah Fuller
Daleen du Toit
Priya Naidoo
Khensani Nobanda
Fred Swanepoel
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BOARD OF DIRECTORS

The Nedbank board of directors is among the most representative in the South
African banking sector. Our directors are highly experienced, with diverse
skills that cut across industry sectors, disciplines, expertise and experience.



PAUL MPHO MAKWANA - CHAIRPERSON



--------------------------------------------------------------------------------

Appointed: November 2011

Qualifications: BAdmin (Hons), Postgraduate Diploma (Retail Management)
(Stirling University, UK).

 

Expertise in human resources, marketing, business strategy and strategic
planning.

Experience in climate change, mining, energy, resources and infrastructure,
retail and investment banking, large corporates, governance and stakeholder
management.

 

Nationality: South African


 

Mpho joined the board as an Independent Non-executive Director on 17 November
2011. He previously served as Lead Independent Director and Acting Chairperson
and was appointed Chairperson of the board on 2 December 2021. He is the
immediate former Chairperson of the Invest in Africa Mining Indaba and a former
Chairperson of Eskom Holdings Limited, where he led the team that kept the
lights on during the 2010 FIFA World Cup. He is Chairperson of ArcelorMittal SA
Limited, the Limpopo Economic Development Agency and Safcol SOC Limited. He
serves as Lead Independent Director on the board of Invicta Holdings Limited and
as Independent Non-executive Director on the boards of BTE Renewables (Pty)
Limited and Platinum Group Metals (PLG:NYSE, PTM:TSX). Mpho also serves as
Trustee of various non-profit initiatives, including the FLG Modise Pentecost
Foundation and the Nelson Mandela Children's Fund.


Board committees:

Member: Directors’ Affairs Committee and Group Climate Resilience Committee.

PAUL MPHO MAKWANA - CHAIRPERSON

--------------------------------------------------------------------------------

Appointed: November 2011

Qualifications: BAdmin (Hons), Postgraduate Diploma (Retail Management)
(Stirling University, UK).

 

Expertise in human resources, marketing, business strategy and strategic
planning.

Experience in climate change, mining, energy, resources and infrastructure,
retail and investment banking, large corporates, governance and stakeholder
management.

 

Nationality: South African


 

Mpho joined the board as an Independent Non-executive Director on 17 November
2011. He previously served as Lead Independent Director and Acting Chairperson
and was appointed Chairperson of the board on 2 December 2021. He is the
immediate former Chairperson of the Invest in Africa Mining Indaba and a former
Chairperson of Eskom Holdings Limited, where he led the team that kept the
lights on during the 2010 FIFA World Cup. He is Chairperson of ArcelorMittal SA
Limited, the Limpopo Economic Development Agency and Safcol SOC Limited. He
serves as Lead Independent Director on the board of Invicta Holdings Limited and
as Independent Non-executive Director on the boards of BTE Renewables (Pty)
Limited and Platinum Group Metals (PLG:NYSE, PTM:TSX). Mpho also serves as
Trustee of various non-profit initiatives, including the FLG Modise Pentecost
Foundation and the Nelson Mandela Children's Fund.


Board committees:

Member: Directors’ Affairs Committee and Group Climate Resilience Committee.





MICHAEL WILLIAM THOMAS BROWN - CHIEF EXECUTIVE



--------------------------------------------------------------------------------

Appointed: June 2004 as Chief Financial Officer and March 2010 as Chief
Executive

Qualifications: BCom, DipAcc, CA (SA), CD (SA), AMP (Harvard, USA).

 

Expertise in accounting, auditing, large corporates, retail and investment
banking, other financial services, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
doing business in emerging economies.



Nationality: South African


 

Mike was appointed as Chief Financial Officer in June 2004 and as Chief
Executive in March 2010. He is currently Deputy Chairperson of Business
Leadership South Africa, and is a Director and former Chairperson of the Banking
Association South Africa, Council Member and Finance Committee Chairperson of St
John’s College and President of The River Club. In 2020 Mike was selected by his
peers as the Sunday Times Top 100 Companies Business Leader of the Year.



Board committees:

Member: Group Transformation, Social and Ethics Committee, Large-exposures
Approval Committee, Group Credit Committee, and Group Risk and Capital
Management Committee.

 

Holds 911 740 Nedbank Group Limited ordinary shares.

MICHAEL WILLIAM THOMAS BROWN - CHIEF EXECUTIVE

--------------------------------------------------------------------------------

Appointed: June 2004 as Chief Financial Officer and March 2010 as Chief
Executive

Qualifications: BCom, DipAcc, CA (SA), CD (SA), AMP (Harvard, USA).

 

Expertise in accounting, auditing, large corporates, retail and investment
banking, other financial services, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
doing business in emerging economies.



Nationality: South African


 

Mike was appointed as Chief Financial Officer in June 2004 and as Chief
Executive in March 2010. He is currently Deputy Chairperson of Business
Leadership South Africa, and is a Director and former Chairperson of the Banking
Association South Africa, Council Member and Finance Committee Chairperson of St
John’s College and President of The River Club. In 2020 Mike was selected by his
peers as the Sunday Times Top 100 Companies Business Leader of the Year.



Board committees:

Member: Group Transformation, Social and Ethics Committee, Large-exposures
Approval Committee, Group Credit Committee, and Group Risk and Capital
Management Committee.

 

Holds 911 740 Nedbank Group Limited ordinary shares.





MICHAEL DAVIS - CHIEF FINANCIAL OFFICER



--------------------------------------------------------------------------------

Appointed: October 2020

Qualifications: BCom (Hons), DipAcc, CA (SA), AMP (Insead).

 

Expertise in retail, investment banking, other financial services, accounting
and auditing.

Experience in large corporates, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
climate change.

 

Nationality: South African

 

Mike was appointed Chief Financial Officer of the group on 1 October 2020. He
previously held the position of Group Executive for Balance Sheet Management and
has been a member of the Group Executive Committee from 1 January 2015. He has
significant industrywide experience in finance, assets and liability,
regulatory, treasury, risk and capital management, and worked in financial
services for over 20 years. Before joining Nedbank through the acquisition of
BoE Bank Limited, Mike completed his articles at Deloitte, where he specialised
in banking, treasury and risk management.

 

Board committees:

Member: Group Credit Committee and Large-exposures Approval Committee.

 

Holds 262 946 Nedbank Group Limited ordinary shares.


MICHAEL DAVIS - CHIEF FINANCIAL OFFICER

--------------------------------------------------------------------------------

Appointed: October 2020

Qualifications: BCom (Hons), DipAcc, CA (SA), AMP (Insead).

 

Expertise in retail, investment banking, other financial services, accounting
and auditing.

Experience in large corporates, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
climate change.

 

Nationality: South African

 

Mike was appointed Chief Financial Officer of the group on 1 October 2020. He
previously held the position of Group Executive for Balance Sheet Management and
has been a member of the Group Executive Committee from 1 January 2015. He has
significant industrywide experience in finance, assets and liability,
regulatory, treasury, risk and capital management, and worked in financial
services for over 20 years. Before joining Nedbank through the acquisition of
BoE Bank Limited, Mike completed his articles at Deloitte, where he specialised
in banking, treasury and risk management.

 

Board committees:

Member: Group Credit Committee and Large-exposures Approval Committee.

 

Holds 262 946 Nedbank Group Limited ordinary shares.






HUBERT RENE BRODY – LEAD INDEPENDENT DIRECTOR



--------------------------------------------------------------------------------

Appointed: July 2017

 

Qualifications: BAcc (Hons), CA(SA).

 

Expertise in accounting, auditing, retail banking, other financial services,
business strategy and strategic planning.

Experience in large corporates, corporate governance and stakeholder management,
and doing business in emerging economies.

 

Nationality: South African

 

Hubert was Chief Executive of Imperial Holdings Limited, the diversified
mobility group, from July 2007 to February 2014. Thereafter he served as a
Non-executive Director of Imperial Holdings Limited until the end of 2014. He
previously served as a Director and Chairperson of Imperial Bank (previously a
joint venture between Nedbank and Imperial Holdings and later acquired as a
subsidiary of Nedbank) until 2010. Hubert was an Executive at Sanlam Group
Limited from January 2015 to May 2017. He is also an Independent Non-executive
Director and Chairperson at Woolworths Holdings Limited and serves on the
council of Stellenbosch University. He was appointed Lead Independent Director
of the board on 2 December 2021.


 

Board committees:

Chair: Directors’ Affairs Committee and Group Remuneration Committee.

 

Member: Group Audit Committee.

 

Holds 2 737 Nedbank Group Limited ordinary shares.

HUBERT RENE BRODY – LEAD INDEPENDENT DIRECTOR

--------------------------------------------------------------------------------

Appointed: July 2017

 

Qualifications: BAcc (Hons), CA(SA).

 

Expertise in accounting, auditing, retail banking, other financial services,
business strategy and strategic planning.

Experience in large corporates, corporate governance and stakeholder management,
and doing business in emerging economies.

 

Nationality: South African

 

Hubert was Chief Executive of Imperial Holdings Limited, the diversified
mobility group, from July 2007 to February 2014. Thereafter he served as a
Non-executive Director of Imperial Holdings Limited until the end of 2014. He
previously served as a Director and Chairperson of Imperial Bank (previously a
joint venture between Nedbank and Imperial Holdings and later acquired as a
subsidiary of Nedbank) until 2010. Hubert was an Executive at Sanlam Group
Limited from January 2015 to May 2017. He is also an Independent Non-executive
Director and Chairperson at Woolworths Holdings Limited and serves on the
council of Stellenbosch University. He was appointed Lead Independent Director
of the board on 2 December 2021.


 

Board committees:

Chair: Directors’ Affairs Committee and Group Remuneration Committee.

 

Member: Group Audit Committee.

 

Holds 2 737 Nedbank Group Limited ordinary shares.





BRIAN ANTHONY DAMES - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: June 2014

Qualifications: BSc(Hons), MBA.

 

Expertise in mining, energy, resources and infrastructure.

Experience in climate change, large corporates, industrial affairs, human
resources, marketing, business strategy and strategic planning, information
technology and cyberresilience, corporate governance and stakeholder management,
as well as doing business in emerging economies.

 

Nationality: South African


 

Brian joined the board as an Independent Non-executive Director on 30 June 2014.
Brian is Chief Executive of African Rainbow Energy and Power and previously
served as the Chief Executive of Eskom Holdings Limited. He has extensive
experience with global (and specifically African and South African) energy and
resource issues. Brian serves as a member of the World Economic Forum’s Global
Future Council on Energy Transition, as a trustee of the WWF Trust SA, and as a
Non-executive Director of the Industrial Development Corporation of South Africa
Limited.

 

Board committees:

Chairperson: Group Climate Resilience Committee.

 

Member: Group Information Technology Committee, Group Credit Committee,
Large-exposures Approval Committee, Group Risk and Capital Management Committee
and Directors’ Affairs Committee.


 

Holds 64 Nedbank Group Limited ordinary shares.

 

BRIAN ANTHONY DAMES - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: June 2014

Qualifications: BSc(Hons), MBA.

 

Expertise in mining, energy, resources and infrastructure.

Experience in climate change, large corporates, industrial affairs, human
resources, marketing, business strategy and strategic planning, information
technology and cyberresilience, corporate governance and stakeholder management,
as well as doing business in emerging economies.

 

Nationality: South African


 

Brian joined the board as an Independent Non-executive Director on 30 June 2014.
Brian is Chief Executive of African Rainbow Energy and Power and previously
served as the Chief Executive of Eskom Holdings Limited. He has extensive
experience with global (and specifically African and South African) energy and
resource issues. Brian serves as a member of the World Economic Forum’s Global
Future Council on Energy Transition, as a trustee of the WWF Trust SA, and as a
Non-executive Director of the Industrial Development Corporation of South Africa
Limited.

 

Board committees:

Chairperson: Group Climate Resilience Committee.

 

Member: Group Information Technology Committee, Group Credit Committee,
Large-exposures Approval Committee, Group Risk and Capital Management Committee
and Directors’ Affairs Committee.


 

Holds 64 Nedbank Group Limited ordinary shares.

 





NEO PHAKAMA DONGWANA - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: June 2017

 

Qualifications: BCom, PGDA, CA (SA), BCom (Hons), MCom.

 

Expertise in accounting, auditing and other financial services.

Experience in large corporates, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
doing business in emerging economies.

 

Nationality: South African

 

After having served her articles and qualified as a chartered accountant at
Deloitte, Neo spent her early career as an equity analyst at Gensec Asset
Management before rejoining Deloitte, where she held the position of audit
partner for nine years. Neo serves on the WorldRemit Limited, Mpact Limited and
Safika Holdings Proprietary Limited boards and chairs the Takeover Regulation
Panel.

 

Board committees:

Member: Group Remuneration Committee, Group Credit Committee, Large exposures
Approval Committee and Group Audit Committee.

NEO PHAKAMA DONGWANA - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: June 2017

 

Qualifications: BCom, PGDA, CA (SA), BCom (Hons), MCom.

 

Expertise in accounting, auditing and other financial services.

Experience in large corporates, human resources, marketing, business strategy
and strategic planning, corporate governance and stakeholder management, and
doing business in emerging economies.

 

Nationality: South African

 

After having served her articles and qualified as a chartered accountant at
Deloitte, Neo spent her early career as an equity analyst at Gensec Asset
Management before rejoining Deloitte, where she held the position of audit
partner for nine years. Neo serves on the WorldRemit Limited, Mpact Limited and
Safika Holdings Proprietary Limited boards and chairs the Takeover Regulation
Panel.

 

Board committees:

Member: Group Remuneration Committee, Group Credit Committee, Large exposures
Approval Committee and Group Audit Committee.





ERROL MELVILLE KRUGER - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: August 2016

Qualifications: BCom.

 

Expertise in retail and investment banking and other financial services,
macroeconomic and public policy, business strategy and strategic planning,
stakeholder management, human resources and marketing.

Experience in regulatory affairs, doing business in emerging economies,
corporate governance and stakeholder management, and banking and financial
services.

 

Nationality: South African


 

Errol joined the board as an Independent Non-executive Director on
1 August 2016. From September 2003 to July 2011, he was the Registrar of Banks
(now known as the Chief Executive Officer of the Prudential Authority) at the
South African Reserve Bank (SARB), having been with SARB from July 1978. As the
Registrar of Banks, Errol represented South Africa as a full member of the Basel
Committee on Banking Supervision from 2009 to 2011 and he successfully
project-managed early adoption and full implementation of both the revised
25 Basel Core Principles for Effective Banking Supervision and Basel II. Errol
was appointed as Managing Director of Supervision and Authorisation at the Qatar
Financial Centre Regulatory Authority on 1 August 2011, whereafter he was also
appointed by the board of the Qatar Central Bank to serve on Qatar’s Financial
Stability and Risk Control Committee. He relinquished his role at the Qatar
Financial Centre Regulatory Authority on 31 July 2016. Errol also serves as a
Non-executive Director of Capital Appreciation Limited.

 

Board committees:

Chair: Group Credit Committee, Large-exposures Approval Committee and Group Risk
and Capital Management Committee.

 

Member: Group Audit Committee, and Group Directors’ Affairs Committee.

 

ERROL MELVILLE KRUGER - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: August 2016

Qualifications: BCom.

 

Expertise in retail and investment banking and other financial services,
macroeconomic and public policy, business strategy and strategic planning,
stakeholder management, human resources and marketing.

Experience in regulatory affairs, doing business in emerging economies,
corporate governance and stakeholder management, and banking and financial
services.

 

Nationality: South African


 

Errol joined the board as an Independent Non-executive Director on
1 August 2016. From September 2003 to July 2011, he was the Registrar of Banks
(now known as the Chief Executive Officer of the Prudential Authority) at the
South African Reserve Bank (SARB), having been with SARB from July 1978. As the
Registrar of Banks, Errol represented South Africa as a full member of the Basel
Committee on Banking Supervision from 2009 to 2011 and he successfully
project-managed early adoption and full implementation of both the revised
25 Basel Core Principles for Effective Banking Supervision and Basel II. Errol
was appointed as Managing Director of Supervision and Authorisation at the Qatar
Financial Centre Regulatory Authority on 1 August 2011, whereafter he was also
appointed by the board of the Qatar Central Bank to serve on Qatar’s Financial
Stability and Risk Control Committee. He relinquished his role at the Qatar
Financial Centre Regulatory Authority on 31 July 2016. Errol also serves as a
Non-executive Director of Capital Appreciation Limited.

 

Board committees:

Chair: Group Credit Committee, Large-exposures Approval Committee and Group Risk
and Capital Management Committee.

 

Member: Group Audit Committee, and Group Directors’ Affairs Committee.

 





PHUMZILE LANGENI - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: 22 March 2022

 

Qualifications: BCom, BCom (Hons), MCom.

 

Experience in other financial services, large corporates, mining, energy,
resources and infrastructure, macroeconomic and public policy, and corporate
governance and stakeholder management.

 

Nationality: South African

 

Phumzile is a cofounder and Executive Chairman of Afropulse Group Proprietary
Limited, an unlisted investment and corporate advisory house, and is also the
Chairman of Imperial Logistics Limited, Metrofile Holdings Limited and Delta
Property Fund. Phumzile has also been appointed as an Independent Non executive
Director of Woolworths Holdings Limited with effect from 1 April 2022. In April
2018 Phumzile was appointed by the President of the Republic of South Africa as
one of four special envoys on investment tasked with raising USD100bn over a
five-year period.

 

Board committees:

Member: Group Audit Committee, Group Transformation, Social and Ethics Committee
and Group Climate Resilience Committee.

PHUMZILE LANGENI - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: 22 March 2022

 

Qualifications: BCom, BCom (Hons), MCom.

 

Experience in other financial services, large corporates, mining, energy,
resources and infrastructure, macroeconomic and public policy, and corporate
governance and stakeholder management.

 

Nationality: South African

 

Phumzile is a cofounder and Executive Chairman of Afropulse Group Proprietary
Limited, an unlisted investment and corporate advisory house, and is also the
Chairman of Imperial Logistics Limited, Metrofile Holdings Limited and Delta
Property Fund. Phumzile has also been appointed as an Independent Non executive
Director of Woolworths Holdings Limited with effect from 1 April 2022. In April
2018 Phumzile was appointed by the President of the Republic of South Africa as
one of four special envoys on investment tasked with raising USD100bn over a
five-year period.

 

Board committees:

Member: Group Audit Committee, Group Transformation, Social and Ethics Committee
and Group Climate Resilience Committee.





ROBERT ALEXANDER GORDON LEITH - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: October 2016

Qualifications: BCom (Hons).

 

Expertise in accounting, auditing, retail and investment banking, human
resources, marketing, business strategy and strategic planning, and other
financial services.

Experience in corporate governance and stakeholder management.

 

Nationality: South African


 

Initially Rob joined the board as Non-executive Director in October 2016. He was
appointed as the Director of Managed Separation at Old Mutual plc (Nedbank
Group’s former ultimate holding company) on 14 March 2016 after joining Old
Mutual from a private investment company where he had been since September 2014.
Before that Rob 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, most recently as Head of Group
Strategic Development and Chief Executive of Global Corporate and Investment
Banking. As part of the Old Mutual managed-separation process, Rob resigned from
the Nedbank Boards on 15 October 2018 and was reappointed on 1 January 2019.

 

Board Committees:

Member: Group Credit Committee, Large-exposures Approval Committee, Group
Information Technology Committee, Group Remuneration Committee, and Group Risk
and Capital Management Committee.

ROBERT ALEXANDER GORDON LEITH - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: October 2016

Qualifications: BCom (Hons).

 

Expertise in accounting, auditing, retail and investment banking, human
resources, marketing, business strategy and strategic planning, and other
financial services.

Experience in corporate governance and stakeholder management.

 

Nationality: South African


 

Initially Rob joined the board as Non-executive Director in October 2016. He was
appointed as the Director of Managed Separation at Old Mutual plc (Nedbank
Group’s former ultimate holding company) on 14 March 2016 after joining Old
Mutual from a private investment company where he had been since September 2014.
Before that Rob 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, most recently as Head of Group
Strategic Development and Chief Executive of Global Corporate and Investment
Banking. As part of the Old Mutual managed-separation process, Rob resigned from
the Nedbank Boards on 15 October 2018 and was reappointed on 1 January 2019.

 

Board Committees:

Member: Group Credit Committee, Large-exposures Approval Committee, Group
Information Technology Committee, Group Remuneration Committee, and Group Risk
and Capital Management Committee.





LINDA MAKALIMA - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: June 2017

 

Qualifications: BCom (Hons), HDE, MPhil.

Expertise in investment banking, other financial services, mining, energy,
resources and infrastructure, human resources, marketing, business strategy and
strategic planning.


Experience in large corporates, innovation and digital.


 

Nationality: South African

 

Linda, the founder of Lima Business Solutions Proprietary Limited, was
previously a Director and the Head of Investment Banking Coverage (SA) at
Standard Bank, where she was responsible for business development and
origination across a portfolio of sectors, including oil and gas, power,
infrastructure and renewables, mining and telecommunications. Before that she
was Managing Director of Diners Club SA. 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. She is
also a member of the Board of Governors for Pathcare.

 

Board committees:

Chairperson: Group Transformation, Social and Ethics Committee.

 

Member: Group Credit Committee, Large-exposures Approval Committee, Group
Climate Resilience Committee, Group Risk and Capital Management Committee and
Directors’ Affairs Committee.

LINDA MAKALIMA - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: June 2017

 

Qualifications: BCom (Hons), HDE, MPhil.

Expertise in investment banking, other financial services, mining, energy,
resources and infrastructure, human resources, marketing, business strategy and
strategic planning.


Experience in large corporates, innovation and digital.


 

Nationality: South African

 

Linda, the founder of Lima Business Solutions Proprietary Limited, was
previously a Director and the Head of Investment Banking Coverage (SA) at
Standard Bank, where she was responsible for business development and
origination across a portfolio of sectors, including oil and gas, power,
infrastructure and renewables, mining and telecommunications. Before that she
was Managing Director of Diners Club SA. 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. She is
also a member of the Board of Governors for Pathcare.

 

Board committees:

Chairperson: Group Transformation, Social and Ethics Committee.

 

Member: Group Credit Committee, Large-exposures Approval Committee, Group
Climate Resilience Committee, Group Risk and Capital Management Committee and
Directors’ Affairs Committee.





TSHILIDZI MARWALA - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: May 2019

Qualifications: BSc (Mechanical Engineering), MSc (Engineering), PhD
(Engineering, University of Cambridge, UK) AMP (Columbia).

  

Expertise in innovation and digital, information technology and cyberresilience.

Experience in corporate governance and stakeholder management.

 

Nationality: South African


 

Tshilidzi is an accomplished scholar with multidisciplinary 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 23 books
on artificial intelligence. Tshilidzi is the Vice-Chancellor and Principal of
the University of Johannesburg. Before that 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 is the Chairperson
of the Africa Health Research Institute, a member of the Namibian 4IR Task Team
and trustee of the Nelson Mandela Foundation.



Board committees:

Member: Group Information Technology Committee, Group Transformation,
Social and Ethics Committee and Group Climate Resilience Committee.

 

TSHILIDZI MARWALA - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: May 2019

Qualifications: BSc (Mechanical Engineering), MSc (Engineering), PhD
(Engineering, University of Cambridge, UK) AMP (Columbia).

  

Expertise in innovation and digital, information technology and cyberresilience.

Experience in corporate governance and stakeholder management.

 

Nationality: South African


 

Tshilidzi is an accomplished scholar with multidisciplinary 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 23 books
on artificial intelligence. Tshilidzi is the Vice-Chancellor and Principal of
the University of Johannesburg. Before that 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 is the Chairperson
of the Africa Health Research Institute, a member of the Namibian 4IR Task Team
and trustee of the Nelson Mandela Foundation.



Board committees:

Member: Group Information Technology Committee, Group Transformation,
Social and Ethics Committee and Group Climate Resilience Committee.

 





MANTSIKA AMELIA MATOOANE PHD (CANTAB) - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: May 2014

Qualifications: BSc, MBA, PhD (Computer Science) (University of Cambridge, UK),
CD (SA).

 

Expertise in innovation and digital, information technology and cyberresilience.

Experience in retail and investment banking, other financial services, large
corporates, corporate governance and stakeholder management.

 

Nationality: South African


 

Mantsika joined the board as an Independent Non-executive Director on
15 May 2014. She is an Executive at Johannesburg-based technology services
company, Truespark, and serves as a Non-executive Director of the JSE Limited.
She is also a member of the Board of Governors for Pathcare.

Board committees:

Chairperson: Group Information Technology Committee.


 

Member: Directors’ Affairs Committee.

 

Holds 2 261 Nedbank Group Limited ordinary shares.

MANTSIKA AMELIA MATOOANE PHD (CANTAB) - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: May 2014

Qualifications: BSc, MBA, PhD (Computer Science) (University of Cambridge, UK),
CD (SA).

 

Expertise in innovation and digital, information technology and cyberresilience.

Experience in retail and investment banking, other financial services, large
corporates, corporate governance and stakeholder management.

 

Nationality: South African


 

Mantsika joined the board as an Independent Non-executive Director on
15 May 2014. She is an Executive at Johannesburg-based technology services
company, Truespark, and serves as a Non-executive Director of the JSE Limited.
She is also a member of the Board of Governors for Pathcare.

Board committees:

Chairperson: Group Information Technology Committee.


 

Member: Directors’ Affairs Committee.

 

Holds 2 261 Nedbank Group Limited ordinary shares.





MFUNDO CLEMENT NKUHLU - CHIEF OPERATING OFFICER



--------------------------------------------------------------------------------

Appointed: January 2015

Qualifications: BA (Hons), Strategic Management in Banking (Insead), AMP
(Harvard, USA).

 

Expertise in retail and investment banking, human resources, marketing, business
strategy and strategic planning, and macroeconomic and public policy.

Experience in doing business in emerging economies, large corporates, corporate
governance and stakeholder management, and transformational change in the target
operating model.

 

Nationality: South African

 

Mfundo was appointed as Chief Operating Officer in January 2015. He 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 in 2008 and Managing
Executive of Nedbank Corporate in 2009, delivering strong and consistent
performance in the business. He was appointed to the boards of Nedbank Limited
and Nedbank Group Limited on 1 January 2015. He also serves on the board of
Ecobank Transnational Incorporated, in which Nedbank holds a 21,2% interest. As
a member of the Group Executive Committee, Mfundo is closely involved in the
oversight of business strategies across Nedbank and is responsible for leading
and delivering changes to the target operating model. Before joining Nedbank,
Mfundo was the Executive responsible for strategy, revenue and economic analysis
at the South African Revenue Service and Chief Director of the Department of
Trade and Industry, where he was responsible for Africa and the Middle East, as
well as for the development and coordination of the economic strategy for the
New Partnership for Africa's Development (Nepad).


Board committees:

Member: Group Credit Committee.



Holds 308 724 Nedbank Group Limited ordinary shares.


MFUNDO CLEMENT NKUHLU - CHIEF OPERATING OFFICER

--------------------------------------------------------------------------------

Appointed: January 2015

Qualifications: BA (Hons), Strategic Management in Banking (Insead), AMP
(Harvard, USA).

 

Expertise in retail and investment banking, human resources, marketing, business
strategy and strategic planning, and macroeconomic and public policy.

Experience in doing business in emerging economies, large corporates, corporate
governance and stakeholder management, and transformational change in the target
operating model.

 

Nationality: South African

 

Mfundo was appointed as Chief Operating Officer in January 2015. He 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 in 2008 and Managing
Executive of Nedbank Corporate in 2009, delivering strong and consistent
performance in the business. He was appointed to the boards of Nedbank Limited
and Nedbank Group Limited on 1 January 2015. He also serves on the board of
Ecobank Transnational Incorporated, in which Nedbank holds a 21,2% interest. As
a member of the Group Executive Committee, Mfundo is closely involved in the
oversight of business strategies across Nedbank and is responsible for leading
and delivering changes to the target operating model. Before joining Nedbank,
Mfundo was the Executive responsible for strategy, revenue and economic analysis
at the South African Revenue Service and Chief Director of the Department of
Trade and Industry, where he was responsible for Africa and the Middle East, as
well as for the development and coordination of the economic strategy for the
New Partnership for Africa's Development (Nepad).


Board committees:

Member: Group Credit Committee.



Holds 308 724 Nedbank Group Limited ordinary shares.






MTETO NYATI - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: 1 October 2022


Qualifications: BSc (Mechanical Engineering).

 

Expertise in commercial, digital, ICT and strategic planning.


 

Nationality: South African 

 

Mteto is Chairman of Wazo Investments, and a non-executive director of Telkom. 
Previous roles include being Chief Executive of Altron, Chief Executive of MTN
South Africa, and Managing Director of Microsoft South Africa.  He was named one
of the Yale University’s World Fellows on Global Leadership in 2004.



Board committees:

Member: Group Information Technology Committee.

 

MTETO NYATI - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: 1 October 2022


Qualifications: BSc (Mechanical Engineering).

 

Expertise in commercial, digital, ICT and strategic planning.


 

Nationality: South African 

 

Mteto is Chairman of Wazo Investments, and a non-executive director of Telkom. 
Previous roles include being Chief Executive of Altron, Chief Executive of MTN
South Africa, and Managing Director of Microsoft South Africa.  He was named one
of the Yale University’s World Fellows on Global Leadership in 2004.



Board committees:

Member: Group Information Technology Committee.

 





STANLEY SUBRAMONEY - INDEPENDENT NON-EXECUTIVE DIRECTOR



--------------------------------------------------------------------------------

Appointed: 23 September 2015


Qualifications: BCompt (Hons), CA (SA).

 

Expertise in accounting, auditing, corporate governance and stakeholder
management, and doing business in emerging economies.

Experience in macroeconomic and public policy, and large corporates.

 



Nationality: South African 

 

Stanley qualified as a chartered accountant (SA) in 1987 and was appointed audit
partner at PwC, serving several of the firm’s large clients both in the public
and private sectors. During his 27 years in the audit profession as audit and
advisory partner and later as member of the PwC Executive Committee, 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 several 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 Chief Executive Officer for PwC Southern Africa and
member of the Executive Committee for Southern Africa. 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 Chairperson of Business Skills
for SA Foundation, a non-profit organisation that has provided business skills
training to over 18000 entrepreneurs from disadvantaged communities. Stanley was
also on the board of Business Unity SA and Chairperson of its Audit Committee, a
patron 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 a
Director of Sasol Limited, Chairperson of Terrasan Group Limited and Chief
Executive Officer of Menston Holdings Proprietary Limited.


Board committees:

Chair: Group Audit Committee.

 

Member: Group Credit Committee, Large-exposures Approval Committee, Directors’
Affairs Committee, Group Remuneration Committee and Group Transformation, Social
and Ethics Committee.

 

Holds 2 300 Nedbank Group Limited ordinary shares.


STANLEY SUBRAMONEY - INDEPENDENT NON-EXECUTIVE DIRECTOR

--------------------------------------------------------------------------------

Appointed: 23 September 2015


Qualifications: BCompt (Hons), CA (SA).

 

Expertise in accounting, auditing, corporate governance and stakeholder
management, and doing business in emerging economies.

Experience in macroeconomic and public policy, and large corporates.

 



Nationality: South African 

 

Stanley qualified as a chartered accountant (SA) in 1987 and was appointed audit
partner at PwC, serving several of the firm’s large clients both in the public
and private sectors. During his 27 years in the audit profession as audit and
advisory partner and later as member of the PwC Executive Committee, 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 several 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 Chief Executive Officer for PwC Southern Africa and
member of the Executive Committee for Southern Africa. 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 Chairperson of Business Skills
for SA Foundation, a non-profit organisation that has provided business skills
training to over 18000 entrepreneurs from disadvantaged communities. Stanley was
also on the board of Business Unity SA and Chairperson of its Audit Committee, a
patron 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 a
Director of Sasol Limited, Chairperson of Terrasan Group Limited and Chief
Executive Officer of Menston Holdings Proprietary Limited.


Board committees:

Chair: Group Audit Committee.

 

Member: Group Credit Committee, Large-exposures Approval Committee, Directors’
Affairs Committee, Group Remuneration Committee and Group Transformation, Social
and Ethics Committee.

 

Holds 2 300 Nedbank Group Limited ordinary shares.






NEDBANK GROUP BOARD COMMITTEES



--------------------------------------------------------------------------------

View the board committees and membership here: Nedbank Group Board Committees
(October 2022) [71 KB] 

 

NEDBANK GROUP BOARD COMMITTEES

--------------------------------------------------------------------------------

View the board committees and membership here: Nedbank Group Board Committees
(October 2022) [71 KB] 

 






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