Nedbank Weighs Wealth Changes, Africa Expansion Under New CEO
- Nedbank chairman says company to weigh changes in wealth unit
- Johannesburg-based bank also looking to grow across continent
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Nedbank Group Ltd. will weigh rejiggering its wealth management business and is looking for ways to grow its market share across the continent of Africa under newly-named Chief Executive Officer Jason Quinn.
Quinn, who will take the helm in May, is joining from Nedbank’s larger rival Absa Group Ltd., where he was financial director. Quinn previously spent 15 years at Ernst & Young LLP and rose to the rank of partner at the the Big Four auditor.