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nedbank group ltd (NED) Snapshot

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01/8/15 - $25,281
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02/4/14 - $18,750
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nedbank group ltd (NED) Details

Nedbank Group Limited operates as the bank holding company for Nedbank Limited that provides wholesale and retail banking services principally in Southern Africa. The company offers retail banking products, such as transactional accounts, home loans, motor finance, cards, personal loans, and investments to individuals and small/micro businesses; and business banking products, including specialist finance, invoice discounting, transactional banking, card acquiring, and asset management, as well as personal-banking solutions to business owners and their employees. It also provides corporate banking solutions comprising structured property finance solutions to commercial, industrial, retail, and residential property developers, investors, and owner occupiers, as well as to listed property funds, partnerships, and affordable housing developments; corporate shared services; transactional banking services; and custodial and lending services to the investments industry. In addition, the company offers investment banking services that include advisory services comprising corporate finance, debt origination, and debt advisory services; debt financing solutions for infrastructure, energy, telecoms, mining, oil and gas, aircraft finance, export credit finance, acquisition and leveraged finance, global commodity finance, and securitization sectors; and private equity and alternative investments, as well as treasury and global market services. Further, it offers wealth management, fiduciary, stock broking and financial planning services; asset management services; and life and short-term insurance solutions, as well as insurance broking services. The company is headquartered in Johannesburg, South Africa. Nedbank Group Limited is a subsidiary of Old Mutual Life Assurance Company (South Africa) Limited.

30,061 Employees
Last Reported Date: 08/5/14

nedbank group ltd (NED) Top Compensated Officers

Chief Executive, Executive Director, Member o...
Total Annual Compensation: R18.6M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: R9.9M
Chief Operating Officer
Total Annual Compensation: R10.4M
Executive Director, Member of Group Credit Co...
Total Annual Compensation: R12.4M
Managing Executive of Nedbank Capital
Total Annual Compensation: R16.4M
Compensation as of Fiscal Year 2013.

nedbank group ltd (NED) Key Developments

Old Mutual plc, Nedbank Limited and Nedbank Group Limited Announce Executive Changes

Old Mutual plc announced that Mr. Vassi Naidoo will join Board as a non-executive director with effect from May 1, 2015. This appointment has been made following his selection by Nedbank Group Limited and Nedbank Limited as their prospective new Chairman. He will also join Nedbank's Boards from 1 May 2015 and succeed Dr. Reuel Khoza, Nedbank's current Chairman, following Nedbank's AGM on 11 May 2015. As well as joining Board, Mr. Naidoo will also succeed to Dr. Khoza's memberships of the Board Risk and Nomination Committees after AGM. Mr. Naidoo has excellent knowledge of banking and deep experience and skills in relation to financial services. He has a clear commitment to Africa and extensive experience on the continent which is a critical part of Group strategy.

Nedbank Group Announces Executive Appointments

Nedbank Group announced the appointments to its Group Executive Committee. Priya Naidoo (41) has been appointed to the Group Executive Committee with effect from 1 January 2015 and will succeed John Bestbier, Group Executive for Strategic Planning and Economics, on his scheduled retirement date of 30 June 2015. Following the appointment of Trevor Adams as Chief Risk Officer on 1 August 2014, Mike Davis (43) has been appointed as Group Executive: Balance Sheet Management with effect from 1 January 2015.

NEDBANK Presents at The 12th Annual African Capital Markets Conference, Nov-14-2014 11:35 AM

NEDBANK Presents at The 12th Annual African Capital Markets Conference, Nov-14-2014 11:35 AM. Venue: Cape Town International Convention Center, Cape Town, South Africa. Speakers: Petros Mentis, Senior Analyst.


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