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Submission: On April 25 via manual from PH — Scanned from DE
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By continuing to browse, you agree to our use of cookies Accept Personal Business Corporate Download App About Nedbank Group Corporate governance Sustainability Affinity Programme Sponsorships Corporate Social Responsibility Legal Glossary Contact us Online Banking Apply 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 Mantsika Amelia Matooane Mfundo Clement Nkuhlu Mteto Nyati Stanley Subramoney Nedbank Board Of Directors Group Executive Michael William Thomas Brown Michael Davis Mfundo Nkuhlu Anél Bosman Ciko Thomas Iolanda Ruggiero Terence Sibiya Deborah Fuller Daleen du Toit Priya Naidoo Khensani Nobanda Fred Swanepoel Dave Crewe-Brown Leadership Appointments Board of Directors Nedbank strategy Our Purpose, Vision and Values Strategic Value Unlocks Our businesses Nedbank Corporate and Investment Banking Nedbank Retail and Business Banking Nedbank Wealth Nedbank Africa Regions Our Awards International Banker Awards Nedbank Group Integrated Report Nedbank Transformation International Banker Awards AMASA Awards Global Finance API Global Investor Group Global Finance Global Banking and Finance LinkedIn Talent Awards The Banker Magazine’s Tech Project Awards Gold Lourie Award Sunday Times Offshore Management Company of the Year Best South African Equity Mid and Small Cap Fund Best South African Equity Financial Fund Euromoney Survey Nedbank Private Wealth International Nedgroup Investments PlexCrown Unit Trust Survey Intellidex Top Private Banks Investment Analyst Society Nedbank Private Wealth App Nedgroup Investments named Nedgroup Investments Global Equity Feeder Fund Nedgroup Investments Global Cautious Feeder Fund Finance Magazine The Banker Magazine The Banker Magazine DealMakers Environmental Finance Impact Awards The Banker African Banker Awards Euromoney GTR Best Deals GTR Best Deals Our Tools Third-Party Cyber and Privacy Risk Assessment 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 current Chairperson of Eskom Holdings SOC Limited having previously served in the same position and led the team that kept the lights on during the 2010 FIFA World Cup. He is Chairperson of Safcol SOC Limited and serves as Lead Independent Director on the board of Invicta Holdings Limited and as Independent Non-executive Director on the board of 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. Mpho Makwana retires from the Nedbank Limited and Nedbank Group Limited Boards on 2 June 2023, having been on the board for more than nine years. Board committees: Member: Group 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 current Chairperson of Eskom Holdings SOC Limited having previously served in the same position and led the team that kept the lights on during the 2010 FIFA World Cup. He is Chairperson of Safcol SOC Limited and serves as Lead Independent Director on the board of Invicta Holdings Limited and as Independent Non-executive Director on the board of 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. Mpho Makwana retires from the Nedbank Limited and Nedbank Group Limited Boards on 2 June 2023, having been on the board for more than nine years. Board committees: Member: Group 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, 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, a Council Member and Finance Committee Member 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, 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, a Council Member and Finance Committee Member 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, asset and liability management, regulatory, treasury, risk and capital management, and has worked in financial services for over 25 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, asset and liability management, regulatory, treasury, risk and capital management, and has worked in financial services for over 25 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 served on the council of Stellenbosch University from April 2018 to December 2022. Hubert is also an Independent Non-executive Director and Chairperson at Woolworths Holdings Limited. He was appointed as a Lead Independent Director of the board on 2 December 2021. Board committees: Chairperson: Group Directors’ Affairs Committee and Group Remuneration Committee. Member: Group Audit Committee and Group Information Technology 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 served on the council of Stellenbosch University from April 2018 to December 2022. Hubert is also an Independent Non-executive Director and Chairperson at Woolworths Holdings Limited. He was appointed as a Lead Independent Director of the board on 2 December 2021. Board committees: Chairperson: Group Directors’ Affairs Committee and Group Remuneration Committee. Member: Group Audit Committee and Group Information Technology 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 SOC Limited. He has extensive experience with global (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 Risk and Capital Management Committee, Group Credit Committee, Large-exposures Approval Committee and Group 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 SOC Limited. He has extensive experience with global (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 Risk and Capital Management Committee, Group Credit Committee, Large-exposures Approval Committee and Group 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 Mpact Limited board 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 Mpact Limited board 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 and is the Chairperson of the Board of Directors of Nedbank Private Wealth Limited (Isle of Man). Board committees: Chairperson: 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 and is the Chairperson of the Board of Directors of Nedbank Private Wealth Limited (Isle of Man). Board committees: Chairperson: 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: 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 Vice Chairman of Imperial Logistics Group (previously Imperial Logistics Limited), Chairman of Metrofile Holdings Limited and Delta Property Fund. 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 USD$100bn over a five-year period to pursue economic opportunities in South Africa. Board committees: Member: Group Transformation, Social and Ethics Committee, Group Audit Committee, and Group Climate Resilience Committee. PHUMZILE LANGENI - INDEPENDENT NON-EXECUTIVE DIRECTOR -------------------------------------------------------------------------------- Appointed: 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 Vice Chairman of Imperial Logistics Group (previously Imperial Logistics Limited), Chairman of Metrofile Holdings Limited and Delta Property Fund. 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 USD$100bn over a five-year period to pursue economic opportunities in South Africa. Board committees: Member: Group Transformation, Social and Ethics Committee, Group Audit 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 Group 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 Group Directors’ Affairs 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 Mantsika joined the board as an Independent Non-executive Director on 15 May 2014. She is an Executive at the 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. Mantsika retires from the Nedbank Limited and Nedbank Group Limited Boards on 2 June 2023 having reached the end of her nine-year term. Board committees: Chairperson: Group Information Technology Committee. Member: Group 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 Mantsika joined the board as an Independent Non-executive Director on 15 May 2014. She is an Executive at the 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. Mantsika retires from the Nedbank Limited and Nedbank Group Limited Boards on 2 June 2023 having reached the end of her nine-year term. Board committees: Chairperson: Group Information Technology Committee. Member: Group 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: October 2022 Qualifications: BSc (Mechanical Engineering). Expertise in commercial, digital, ICT strategic planning and doing business in emerging economies. Experience in large corporates. Nationality: South African Mteto is Chairperson of Wazo Investments and a Non-executive Director of Telkom SA SOC Limited and Eskom Holdings SOC Limited. Previous roles include being Chief Executive of Altron, MTN South Africa, and Managing Director of Microsoft South Africa. He was named one of Yale University’s World Fellows on Global Leadership in 2004. Board committees: Member: Group Information Technology Committee and Group Risk and Capital Management Committee. MTETO NYATI - INDEPENDENT NON-EXECUTIVE DIRECTOR -------------------------------------------------------------------------------- Appointed: October 2022 Qualifications: BSc (Mechanical Engineering). Expertise in commercial, digital, ICT strategic planning and doing business in emerging economies. Experience in large corporates. Nationality: South African Mteto is Chairperson of Wazo Investments and a Non-executive Director of Telkom SA SOC Limited and Eskom Holdings SOC Limited. Previous roles include being Chief Executive of Altron, MTN South Africa, and Managing Director of Microsoft South Africa. He was named one of Yale University’s World Fellows on Global Leadership in 2004. Board committees: Member: Group Information Technology Committee and Group Risk and Capital Management Committee. STANLEY SUBRAMONEY - INDEPENDENT NON-EXECUTIVE DIRECTOR -------------------------------------------------------------------------------- Appointed: 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 as well as 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 in both 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 these 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 18 000 entrepreneurs from disadvantaged communities. He 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. Stanley is a Director of Sasol Limited, Chairperson of Terrasan Group Limited and Chief Executive Officer of Menston Holdings Proprietary Limited. Board committees: Chairperson: Group Audit Committee. Member: Group Credit Committee, Large-exposures Approval Committee, Group 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: 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 as well as 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 in both 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 these 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 18 000 entrepreneurs from disadvantaged communities. He 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. Stanley is a Director of Sasol Limited, Chairperson of Terrasan Group Limited and Chief Executive Officer of Menston Holdings Proprietary Limited. Board committees: Chairperson: Group Audit Committee. Member: Group Credit Committee, Large-exposures Approval Committee, Group Directors’ Affairs Committee, Group Remuneration Committee, and Group Transformation, Social and Ethics Committee. Holds 2 300 Nedbank Group Limited ordinary shares. 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