NEDBANK GROUP LIMITED - Nedbank Group executive leadership appointments

Nedbank Group executive leadership appointments

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(“Nedbank Group” or “the Group”)


NEDBANK GROUP EXECUTIVE LEADERSHIP APPOINTMENTS


Nedbank Group is pleased to announce the following appointments to its Group
Executive Committee (‘Group Exco’).


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.


Mike Brown, Chief Executive, commented, “Following our succession planning
processes, we are particularly pleased to be in a position to appoint internal
candidates with such strong banking expertise to both positions. Priya and Mike will
be reporting to Mfundo Nkuhlu, who will be assuming the role of Chief Operating
Officer with effect from 1 January 2015. As Executive Head of Finance and Strategy
in Nedbank Corporate, Priya has worked closely with Mfundo, providing financial
expertise and strategic guidance to Nedbank Corporate. Mike Davis has, in his
current role as Executive Head of Group Asset, Liability and Capital Management,
made a considerable contribution to enhancing the Group’s capital and liquidity
management. These appointments finalise the make-up of Group Exco and I look
forward to working with both Priya and Mike.”
Priya, a Chartered Accountant, joined the Nedbank Corporate executive committee in
2007 as the Executive Head of Finance and took on the strategy role from 2010.
She joined the Group in 2001 in the Corporate Banking division where she was
responsible for margin management, asset pricing, and client value management.
She progressed her career to take responsibility for financial management, including
exposure to asset and liability management and treasury functions. She has
considerable experience and a track record of continuous value-add in entrenching
solid financial and strategic disciplines in Nedbank Corporate. Priya completed the
Advanced Management Programme at INSEAD in 2011.


Mike served his articles at Deloitte and qualified as a Chartered Accountant in 1997.
In the same year, he joined the Group and started his career in Asset & Liability
Management. He is currently the Executive Head of the Group’s Asset, Liability &
Capital Management function. Mike has 18 years of related experience in Balance
Sheet Management, Capital Management, Liquidity Risk Management, Interest Rate
Risk in the Banking Book and Funds Transfer Pricing methodology. He is a member
of the Group’s ALCO & Executive Risk Committee. He completed the Advanced
Management Programme at INSEAD in 2006.


Sandton
9 December 2014


Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital


Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

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