To view the PDF file, sign up for a MySharenet subscription.

NEDBANK GROUP LIMITED - Nedbank Group and Nedbank Limited - change to board of directors

Release Date: 24/03/2016 08:15
Code(s): NED     PDF:  
Wrap Text
Nedbank Group and Nedbank Limited - change to board of directors

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 LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
(“Nedbank”)

NEDBANK GROUP AND NEDBANK LIMITED – CHANGE TO BOARD OF DIRECTORS

The boards of Nedbank Group and Nedbank (“the Companies”) are pleased to announce the
appointment of Mr Errol Melville Kruger as an independent non-executive director of the
Companies with effect from 1 August 2016.

Mr Kruger, aged 59, has extensive regulatory, banking and financial services experience.
From September 2003 to July 2011 Mr Kruger was the Registrar of Banks at the South
African Reserve Bank (SARB), having been with the SARB from July 1978 until July 2011.
As the Registrar of Banks, he represented South Africa as a full member of the Basel
Committee on Banking Supervision from 2009 to 2011 and he successfully project managed
South Africa’s early adoption, and full implementation, of both the revised 25 Basel Core
Principles for Effective Banking Supervision as well as Basel II. Mr Kruger was appointed
Managing Director of Supervision and Authorisation at the Qatar Financial Centre Regulatory
Authority on 1 August 2011 whereafter he was also appointed by the Board of the Qatar
Central Bank to serve on Qatar’s Financial Stability and Risk Control Committee. He will
relinquish his role at the Qatar Financial Centre Regulatory Authority on 31 July 2016.

Mr Vassi Naidoo, Nedbank Group Chairman, extended a warm welcome to Mr Kruger and
said: “The Nedbank Group Board looks forward to working with Mr Kruger. His vast
knowledge of banking, and his experience in implementing international world-class
regulatory frameworks will be of benefit to the Nedbank Group.”

Sandton
24 March 2016

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking

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

Sponsors to Nedbank Limited:
Investec Bank Limited
Nedbank Corporate and Investment Banking

Date: 24/03/2016 08:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story