Board of directors
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Dr Reuel Jethro Khoza  

Dr Reuel Jethro Khoza (64)

Non-executive Chairman

Appointed: : August 2005 as a non-executive director and May 2006 as Chairman

Qualifications:BA(Hons) Psychology (University of Limpopo), MA Marketing Management (Lancaster, UK), EngD (Warwick, UK), IPBM-IMD (Lausanne, Switzerland), PMD (Harvard Business School, USA), LLD(hc) Rhodes, CD (SA)

Nationality: SA

Reuel was appointed the Non-executive Chairman of the group in May 2006. He is also Chairman of Aka Capital (Pty) Ltd, and a non-executive director of Nampak Ltd, Protea Group Ltd and Old Mutual plc. He is president of the Institute of Directors and, in this capacity, served on the King II and King III Committees on corporate governance. He is a founding director of the Black Management Forum and the former Chairman of Eskom Holdings Ltd. Reuel is also the Chancellor of the University of Limpopo.

Committees: Group Directors' Affairs Committee (Chairman)

Shares: Nedbank Group Ltd ordinary shares:
7 800 beneficial direct and
6 974 beneficial indirect
Nedbank Ltd preference shares: 0

     
Michael William Thomas Brown  

Michael William Thomas Brown (47)

Chief Executive

Appointed: : June 2004 as Chief Financial Officer and March 2010 as Chief Executive

Qualifications: BCom, Dip Acc, CA (SA), AMP (Harvard Business School, USA)

Nationality: SA

Mike was an executive director of BoE Ltd and, after the merger between Nedbank Ltd, BoE Ltd, Nedbank Investment Bank Ltd and Cape of Good Hope Bank Ltd, was appointed Head of Property Finance at Nedbank Ltd. He was appointed as Chief Financial Officer of Nedbank Group in June 2004 and then as Chief Executive in 2010.

Committees: Large-exposure Approval Committee, Group Credit Committee

Shares: Nedbank Group Ltd ordinary shares:
55 049 beneficial direct and
334 552 beneficial indirect
Nedbank Ltd preference shares: 0

     
David Kwame Tandoh Adomakoh  

David Kwame Tandoh Adomakoh (48)

Independent Non-executive Director

Appointed:21 February 2014

Qualifications: BSc (Econs) Hons (London School of Economics), Diplome de Langue et de Civilisation (La Sorbonne, Université de Paris)

Nationality: Ghanaian

David is Chairman of Tiso Investment Holdings (Pty) Ltd and a co-founder of Tiso Group and served as its Group Managing Director. He is a former director of Chase Manhattan Ltd, London; Head of the Chase Manhattan Bank, Southern Africa; Executive Director of Robert Fleming SA; and Head of Africa Corporate Finance at JP Morgan. He currently serves as a non-executive director of Kagiso Tiso Holdings (Pty) Ltd, and Chairman of its Investment Committee. He also serves as a non-executive director of Idwala Industrial Holdings, African Explosives Ltd, Aveng (Africa) Ltd and Trident Steel. His experience spans 25 years in executive management and investment banking, and includes principal investing, corporate and project finance advisory work, debt capital raising, and financial derivatives in a number of countries predominantly in Africa and Europe. He has also served on the boards of a number of SA, Nigerian and Ghanaian companies. He is a founding trustee of the Tiso Foundation, and a World Fellow of the Duke of Edinburgh’s International Award.

Committees: Group Transformation, Social and Ethics Committee

Shares: Nedbank Group Ltd ordinary shares: 0
Nedbank Ltd preference shares: 0

     
Thomas Andrew Boardman  

Thomas Andrew Boardman (64)

Independent Non-executive Director

Appointed: November 2002 as an executive director, March 2010 as a non-executive director, and January 2014 as an independent non-executive director

Qualifications: BCom, CA (SA)

Nationality: SA

Tom was Chief Executive of Nedbank Group Ltd from December 2003 to February 2010. He was previously Chief Executive and an executive director of BoE Ltd, one of SA’s leading private and investment banking companies that was acquired by Nedbank in 2002. He was the founding shareholder and Managing Director of retail housewares chain Boardmans, which he sold to Pick ‘n Pay Stores Ltd in 1986. Prior to this he was Managing Director of Sam Newman Ltd and worked for Anglo American Corporation Ltd for three years. He served his articles at Deloitte.
He is a non-executive director of Nedbank Group Ltd, Woolworths Holdings Ltd, Royal Bafokeng Holdings (Pty) Ltd and African Rainbow Minerals Ltd. Tom has also been appointed as a non-executive director of Kinnevik, a listed Swedish investment company.
He is a director of The Peace Parks Foundation and the Chairman of The David Rattray Foundation, and serves as a trustee on a number of other charitable foundations.

Committees: : Group Information Technology Committee (Chairman), Group Credit Committee (Chairman), Large-exposure Approval Committee, Group Finance and Oversight Committee, Group Directors’ Affairs Committee, Group Audit Committee

Shares: Nedbank Group Ltd ordinary shares:
4 012 beneficial direct and
18 593 beneficial indirect
Nedbank Ltd preference shares: 243 000 beneficial indirect

Brian Anthony Dames  

Brian Anthony Dames (49)

Independent Non-executive Director

Appointed:  30 June 2014

Qualifications: BSc (Hons), MBA

Nationality: SA

Brian has served as the Chief Executive of Eskom, the largest power utility in Africa and one of the largest utilities in the world, since July 2010 and has extensive experience with global (and specifically with African and South African) energy and resource issues. Brian has demonstrated leadership in successful large-scale corporate turnaround management programmes, funding programmes, infrastructure build and deployment programmes, as well as in corporate governance and sustainability reporting.

Brian currently serves as a member of the Sustainability Energy For All Executive Committee (UN and World Bank Initiative) and serves as a non-executive director of the Industrial Development Corporation of South Africa Limited.

Committees: Group Information Technology Committee, Group Credit Committee

     
Graham Wayne Dempster  

Graham Wayne Dempster (58)

Chief Operating Officer

Appointed: August 2009

Qualifications: BCom, CTA, CA (SA), AMP (Harvard Business School, USA)

Nationality: SA

Graham joined the group in 1980 in the Corporate Finance Division of UAL Merchant Bank Ltd. He was appointed General Manager in 1987 and Joint Head of the (UAL) Special Finance Division in 1989. In 1992 he was transferred to Nedbank Ltd, and in 1998 he was appointed Head of the International Division. He assumed responsibility for the Corporate Banking Division in 1999 and was appointed Managing Director of Nedbank Corporate in 2003. Graham was appointed Chief Operating Officer of Nedbank Group in August 2009.

Committees: Group Credit Committee

Shares: Nedbank Group Ltd ordinary shares:
17 822 beneficial direct and
137 515 beneficial indirect
Nedbank Ltd preference shares: 0

     
Mustaq Ahmed Enus-Brey  

Mustaq Ahmed Enus-Brey (59)

Non-executive Director

Appointed: August 2005

Qualifications: BCompt(Hons), CA (SA)

Nationality: SA

Mustaq was appointed as a Nedbank Group director in August 2005. He is also a director of Brimstone Investment Corporation Ltd and Oceana Group Ltd, and Chairman of Life Healthcare Ltd.

Committees: : Group Risk and Capital Management Committee (Chairman), Group Directors’ Affairs Committee, Group Credit Committee, Group Finance and Oversight Committee, Large-exposure Approval Committee

Shares: Nedbank Group Ltd ordinary shares:
2 113 beneficial indirect
Nedbank Ltd preference shares: 0

     
Ian David Gladman  

Ian David Gladman (49)

Non-executive Director

Appointed: June 2012

Qualifications: BA(Hons) in History (Christ's College, Cambridge)

Nationality: British

Ian is currently the Group Strategy director of Old Mutual plc. Previous positions held by him include Head of Corporate Finance (SA) and Joint Head: Financial Institutions Group, EMEA, at UBS Investment Bank.

Committees: Group Credit Committee, Group Risk and Capital Management Committee, Group Finance and Oversight Committee, Large-exposure Approval Committee

Shares: Nedbank Group Ltd ordinary shares: 0
Nedbank Ltd preference shares: 0

     
Ian David Gladman  

Paul Brendan Hanratty (53)

Non-executive Director

Appointed: 8 August 2014

Qualifications: B.BusSci (Hons), Fellow of the Institute of Actuaries, AMP

Nationality: Irish

Paul is an executive director and Chief Operating Officer of Old Mutual plc. He started his career with Old Mutual South Africa (‘OMSA’) and is a fellow of the Institute of Actuaries and has held a number of roles at Old Mutual. These included Head of Product Development, General Manager, Finance and Actuarial and Head of the Retail business. He joined the Board of the OMSA life business (OMLACSA) in 2003 and became Managing Director of OMSA in 2006 and was appointed as Chairman of OMSA in September 2009.

     
Paul Mpho Makwana  

Paul Mpho Makwana (43)

Independent Non-executive Director

Appointed: 17 November 2011

Qualifications: BAdmin(Hons)

Nationality: SA

Mpho is the immediate past Chairman of Eskom Holdings Ltd, Independent director of Adcock Ingram Ltd, and Chairman of ArcelorMittal SA Ltd.

Committees: Group Remuneration Committee, Group Transformation, Social and Ethics Committee, Group Information Technology Committee, Group Audit Committee, Group Directors Affairs Committee.

Shares: Nedbank Group Ltd ordinary shares: 0
Nedbank Ltd preference shares: 0

     
MANTSIKA AMELIA MATOOANE  

MANTSIKA AMELIA MATOOANE (39)

Independent Non-executive Director

Appointed: 15 May 2014

Qualifications: MBA (Henley Business School, UK), PhD (University of Cambridge, UK)

Nationality: SA

Mantsika is currently the Group Executive (Enterprise Information Management Services) of Transnet SOC Limited as well as a non-executive director of the JSE. She has previously held the position of economic advisor to the Premier of the North West Province.

Committees: Group Information Technology Committee

Shares: Nedbank Group Ltd ordinary shares: 176 beneficial direct
Nedbank Ltd preference shares: 0

     
Nomavuso Patience Mnxasana  

Nomavuso Patience Mnxasana (57)

Independent Non-executive Director

Appointed: October 2008

Qualifications: BCompt(Hons), CA (SA)

Nationality: SA

Nomavuso is a director at Winhold Ltd, JSE Ltd, Transnet SOC and Land and Agricultural development Bank of SA Ltd (Land Bank). She was a senior partner and member of the executive committee of SizweNtsaluba before serving as Group Audit and Risk Executive at Imperial Holdings Ltd.

Committees: Group Audit Committee, Group Remuneration Committee, Group Risk and Capital Management Committee

Shares: Nedbank Group Ltd ordinary shares: 11 620 beneficial indirect
Nedbank Ltd preference shares: 0

     
Raisibe Kgomaraga Morathi  

Raisibe Kgomaraga Morathi (44)

     
Joel Khathutshelo Netshitenzhe  

Joel Khathutshelo Netshitenzhe (57)

Independent Non-executive Director

Appointed: August 2010

Qualifications: MSc (University of London, UK)

Nationality: SA

Joel is an executive director of the Mapungubwe Institute for Strategic Reflection (MISTRA) and a member of the National Planning Commission. He has been a member of the National Executive Committee of the African National Congress since 1991, and serves on the African National Congress’s Economic Transformation and Political Education subcommittees.

He served as Head of Policy Coordination and Advisory Services in The Presidency from 2001 until december 2009. He was previously Chief Executive of the Government Communication and Information System and also served as Head of Communication in the President’s Office. He is a non-executive director on the board of Life Healthcare Group Holdings Ltd.

Committees: Group Risk and Capital Management Committee, Group Information Technology Committee

Shares: Nedbank Group Ltd ordinary shares: 0
Nedbank Ltd preference shares: 0

Julian Victor Frow Roberts  

Julian Victor Frow Roberts (56)

Non-executive Director

Appointed: December 2009

Qualifications: Fellow of Institute of Chartered Accountants, member of Association of Corporate Treasurers, Accountancy and Business Law (University of Stirling, Scotland)

Nationality: British

Julian was appointed Group Chief Executive of Old Mutual plc in September 2008. Prior to this he was Chief Executive of the Old Mutual Group’s Skandia business. Julian originally joined Old Mutual plc as Group Finance director in August 2000. Before joining Old Mutual plc, he was Group Finance director of Sun Life & Provincial Holdings plc (now part of AXA) and, prior to that, Chief Financial Officer of Aon UK Holdings Ltd.

Committees: Group Directors' Affairs Committee, Group Remuneration Committee

Shares: Nedbank Group Ltd ordinary shares: 0
Nedbank Ltd preference shares: 0

     
Gloria Tomatoe Serobe  

Gloria Tomatoe Serobe (54)

Non-executive Director

Appointed: August 2005

Qualifications: BCom (Unitra), MBA (Rutgers, USA)

Nationality:SA

Gloria is the Chief Executive of Wipcapital Ltd and also founder and Executive director of WIPHOLd Ltd. She was previously the Executive director of Finance at Transnet SOC Ltd. Gloria serves on several boards, including that of Sasol Mining and Ixia Coal. She is the Chairman of the Board of the Independent Ports Regulator. She is also a non-executive director of Old Mutual Emerging Markets Ltd.

Committees: Group Transformation, Social and Ethics Committee (Chairman), Group Credit Committee, Large-exposure Approval Committee, Group Directors' Affairs Committee

Shares: Nedbank Group Ltd ordinary shares: 1 296 non-beneficial indirect
Nedbank Ltd preference shares: 0

     
Malcolm Ian Wyman  

Malcolm Ian Wyman (67)

Senior Independent Non-executive Director

Appointed: August 2009

Qualifications: CA (SA), AMP (Harvard Business School, USA)

Nationality: British

Malcolm is a non-executive director of Imperial Tobacco plc, senior independent non-executive director of Serco Group plc, and a non-executive director of Tsogo Sun Holdings Ltd. He was previously an executive director and Chief Financial Officer of SABMiller plc until August 2011.

Committees: Group Audit Committee (Chairman), Group Risk and Capital Management Committee, Group Directors' Affairs Committee, Group Remuneration Committee, Group Finance and Oversight Committee (Chairman)

Shares: Nedbank Group Ltd ordinary shares: 350 non-beneficial indirect
Nedbank Ltd preference shares: 0

   
   
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