Nedbank CIB Chief Kennedy Seeks New Role as Retirement Looms
- Investment banker leaving in March after 24 years at Nedbank
- Company plans to make announcement on successor ‘pretty soon”
The headquarters of Nedbank Group Ltd. banking group in Johannesburg, South Africa.
Photographer: Dean Hutton/BloombergThis article is for subscribers only.
Nedbank Group Ltd.’s Brian Kennedy is ready to take up a new challenge when he retires as head of corporate and investment banking -- perhaps even at one of South Africa’s ailing state-owned companies.
Kennedy will leave as group managing executive of Nedbank CIB at the end of March after reaching the company’s mandatory retirement age of 60. His departure will cap more than three decades in investment banking, 24 of which have been spent helping to grow the division into one of Nedbank’s top money spinners, making up about 48% of earnings.