Nedbank Weighs Reorganizing Investment Bank to Tap Africa Deals
- Nedbank head of advisory Norath leaving lender after 24 years
- Three new heads for Africa, CIB and Commercial Bank planned
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Nedbank Group Ltd. is considering reorganizing its investment banking unit to help the South African lender prepare to win deals on the continent, according to people with knowledge of the matter.
The Johannesburg-based lender’s head of advisory, Shabbir Norath — who runs the Africa business, Nedbank’s corporate and investment bank, and commercial banking units — will retire in the coming weeks, the people said, asking not to be identified because the information is private.