Group Executive Committee
Our leadership team remains among the most skilled and transformed in the SA banking sector.
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Trevor Adams (50)Group Executive: Balance Sheet Management Service: 16 years Qualifications: BCom(Hons), CA (SA), Risk Management in Banking (INSEAD) Trevor was appointed to the Group Executive Committee in 2009 and leads the group’s Balance Sheet Management Cluster, which comprises the integrated central functions of risk management (eg credit portfolio management, asset and liability management, concentration risk, risk strategy, risk appetite and stress testing), funding and liquidity management, capital management, margin management, and strategic portfolio management (eg portfolio tilt, funds transfer pricing, economic profit optimisation and risk- adjusted performance management), as well as the group’s regulatory reporting under the Banks Act. Trevor also led the group’s successful Basel II implementation, and now Basel III, including the significant enhancement of risk, capital, value-based and balance sheet management across the group. Prior to joining the group he was a partner at Deloitte & Touche, where he also specialised in banking and risk management, and so has over 20 years’ banking-related experience. |
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John Bestbier (57)Group Executive: Strategic Planning and Economics Service: 17 years Qualifications: BBusSci Actuarial, CA (SA) John was appointed to the Group Executive Committee in 2010 as Group Executive: Strategic Planning and Economics. John is an investment banker with extensive experience in the financial services industry, having led a number of large corporate finance transactions for clients and for the group. In 1995 he served as a main board committee member of JSE Ltd and was closely involved in the reforms adopted by the exchange. He joined the group in 1995 as a director of its investment banking subsidiary UAL Merchant Bank. During his tenure with the group he has served in various capacities and on a number of subsidiary boards, including those of Capital Markets, Short- and Long-term Insurance, Asset Management and Stockbroking. |
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Thabani Jali (54)Group Executive: Enterprise Governance and Compliance; Group Company Secretary Service: 1 year Qualifications: BA (Fort Hare), LLB (Natal University), LLM (Tulane University, USA) Thabani joined Nedbank Group in October 2011 as the Group Executive responsible for governance and compliance. He is also responsible for ethics, sustainability and Nedbank Group Editorial and Language Services. In addition to this role, he was also appointed Group Company Secretary on 1 July 2012. He is a member of the Specialist Committee on Company Law (formed by the Minister of Trade and Industry in terms of section 191 of the Companies Act). Prior to joining the group, Thabani gained over 20 years’ experience in the legal profession as an attorney, a mediator, an arbitrator and later a judge. Thabani was the executive chairman of PricewaterhouseCoopers (Southern Africa), a Deputy Judge President of the High Court of South Africa (Natal Provincial Division) and a Judge of the Competition Appeal Court. He was also a partner in a commercial law firm and served as Chairman of the Competition Commission Enquiry into Bank Charges and the National Payment System from 2006 to 2008. Since 1 July 2012 Thabani has, in addition, taken over the role of Group Company Secretary. |
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Ingrid Johnson (46)Managing Executive: Retail and Business Banking Service: 19 years Qualifications: BCom, BAcc, CA (SA), AMP (Harvard Business School, USA) Ingrid joined Nedbank Group in 1993 to set up foreign currency financing operations in several offshore jurisdictions. She also carried operational responsibility for the group’s banking businesses in London and Asia. Ingrid introduced balance sheet management in the Corporate Banking Division, and thereafter moved into line management in Corporate Banking. In 2004 she was appointed Managing Director of Corporate Banking and in 2005 she became Managing Director of Nedbank Business Banking. She was appointed to the Nedbank Group Executive Committee in 2008. In August 2009 Ingrid assumed the additional responsibility for the turnaround of the Retail Banking Cluster and the integration of Imperial Bank in her new role as the Group Managing Executive of Retail and Business Banking. |
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Brian Kennedy (52)Managing Executive: Nedbank Capital Service: 17 years Qualifications: MSc (Eng)(Elec), MBA, AMP (Harvard Business School, USA) Brian has over 24 years of investment banking experience, 17 of which have been at Nedbank. He led Capital Markets within Nedbank following the merger with BoE, and in November 2003 was appointed to the Group Executive Committee of Nedbank Group and mandated to develop the investment banking franchise Nedbank Capital. Brian has extensive experience in both debt and equity capital markets and has been actively involved in the design and execution of innovative solutions for top SA corporates and parastatals. He has been instrumental in developing and driving the strategy, culture and new-business initiatives within Nedbank Capital. Prior to his appointment as Managing Executive of Nedbank Capital, Brian was an executive director and Managing Director of BoE Merchant Bank and was Chairman of BoE Securities. Brian started his career in engineering before joining FirstCorp Merchant Bank Ltd in 1988. |
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Dave Macready (54)Managing Executive: Nedbank Wealth Service: 15 years Qualifications: BCom(Hons), CA (SA), SEP (Harvard Business School, USA) Dave joined Nedcor Investment Bank in 1997 after being a partner at Deloitte & Touche for more than 10 years in both London and SA. He assumed responsibility for Syfrets Private Bank and NIB International and was appointed Managing Director of Asset Management three years later. In 2004 Dave took on the role of Managing Executive for the Bancassurance and Wealth Division. In 2009 Nedbank Wealth became the fifth client-facing cluster within Nedbank Group and Dave was appointed to the Group Executive Committee. |
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Mfundo Nkuhlu (46)Managing Executive: Nedbank Corporate Service: 9 years Qualifications: BA(Hons), Strategic Management in Banking (Insead Business School), AMP (Harvard Business School, USA) Mfundo joined Nedbank Group in 2004. He has led and managed Nedbank Africa and Corporate Banking and since 2009 has been the Managing Executive of Nedbank Corporate. He joined the Group Executive Committee in 2008. Previously he was the executive responsible for strategy, revenue and economic analysis at the SA Revenue Service. Prior to that he was with the Department of Trade and Industry as Chief Director for Africa and the New Partnership for Africa’s Development (NEPAD) programme. |
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Sandile Shabalala (46)Managing Executive: Business Banking Service: 17 years Qualifications: BAdmin, National Higher Diploma: Management Practice, CAIB (SA), MBL, Strategic Management in Banking (Insead Business School France), AMP (Harvard Business School USA) Sandile has over 24 years’ banking experience, including 17 years at Nedbank Group. Prior to joining the group he worked for Barclays Bank, NBS Bank Ltd and Telkom SA. He has experience in retail, small-business, corporate and business banking in both sales and credit banking functions. Prior to his appointment in October 2009 to the Group Executive Committee as Managing Executive: Business Banking, Sandile was leading and managing the Northern Business Unit in Business Banking as Divisional Executive. |
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Thulani Sibeko (41)Group Executive: Group Marketing, Communication and Corporate Affairs Service: 1 year Qualifications: BSc (Acc), Graduate Certificate Thulani joined Nedbank Group in May 2011 and leads the group’s Marketing, Communication, Trans-formation, CSI and Public Affairs areas. Thulani started his marketing career at Gillette SA in 1993 and has held different marketing roles at Polaroid, Procter & Gamble, Vodacom Group Ltd and The Hollard Insurance Company Ltd. During his marketing career, he managed brands such as Gillette, Oral B, Braun, Polaroid, Olay, Pantene, Head & Shoulders, Vicks, Vodacom and Hollard. In addition to working in SA, Thulani has held regional assignments based in the USA, the UK and Switzerland. |
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Fred Swanepoel (49)Chief Information Officer Service: 16 years Qualifications: BCom(Hons), MBA, SEPSA, AMP (Harvard Business School, USA) Fred has more than 23 years’ experience in finance, banking and information technology. The first phase of his career with Nedbank Group began in 1996 when he was appointed Assistant General Manager of Western Cape Operations. In 2000 he brought his operational experience into the group’s technology arena and he was appointed Nedbank Group’s Chief Information Officer in November 2008. Prior to this he held several high-level positions in the technology environment, including Divisional Director for Finance, Risk and Compliance, Projects and Programme Management, and Head of Group Software Services. Fred’s focus is on continually improving Nedbank Group’s technology and innovation culture to make it the leader in its market. |
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Ciko Thomas (43)Managing Executive: Consumer Banking Service: 3 years Qualifications: BSc, MBA Ciko joined the group with effect from 18 January 2010 as Group Executive: Group Marketing, Communications and Corporate Affairs. He has wide-ranging marketing and business experience in financial services and in the consumer goods and motor industries. He joined Nedbank from Barloworld, where he was the Group Marketing Director of the Automotive Division. Ciko was previously General Manager of Retail Banking Marketing at Absa Group. Before 2003 he held various management positions at SA Breweries, Unilever and M-Net. In November 2010 Ciko was appointed as Managing Executive, Consumer Banking, in the Retail Cluster. |
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Abe Thebyane (52)Group Executive: Group Human Resources Service: 2 years Qualifications: BAdmin, Postgraduate Diploma in Management (Human Resources), MBA Abe joined Nedbank Group and was appointed to the Group Executive Committee in February 2011 as Head of Group Human Resources. Abe has 29 years’ experience in human resources, which he acquired through the various senior and executive positions he held in large corporations in SA. Prior to joining Nedbank Group Abe was Executive Head of Human Resources at Anglo American Platinum Ltd for six years and before that he was Executive Director of Human Resources at Iscor Ltd. |
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Philip Wessels (54)Chief Risk Officer Service: 17 years Qualifications: BCom, CTA, CA (SA), Diploma in Advanced Banking Law, Institute of Stockbrokers Philip has held the position of Chief Risk Officer on the Group Executive Committee for Nedbank Group for the past nine years. Under his leadership, and with the commitment and support of management and staff within the group, Nedbank Group’s risk management processes and governance principles have become highly regarded in the financial services industry. In 2011 Philip received the Risk Manager of the Year Award from the Institute of Risk Managers of SA. Prior to his appointment as Chief Risk Officer in 2004 Philip was Divisional director in Nedbank Business Banking and Nedbank Corporate. In addition, he was an executive director of BoE Ltd, Managing Director of BoE Securities, Chief Executive of BoE International (London) and Managing Director of BoE Bank, Business Banking and Boland Bank between 1995 and 2003. Philip was also a former partner at Deloitte & Touche between 1989 and 1995. |
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