• OVERVIEW
   
   
  • 2010 highlights
  • Introduction
  • Group profile
  • Performance highlights
  • Investment case
  • Review of 2010
  • Group strategy
  • Stakeholder engagement
  • Strategic focus areas 2010
  • Key strategic objectives 2011 and beyond
  • Group Exec committee
  • Company structure
  • Business profile
  • Operational footprint
  • 7 year review
  • Economic review
• GROUP REPORTS
   
  • Chairman's report
  • Board of directors
  • Group executive
  • Chief Executives Report
  • Financial Report
• OPERATIONAL REVIEW
   
  • Nedbank Capital
  • Nedbank Corporate
  • Nedbank Retail and Business Banking
  • Nedbank Wealth
  • Chief Operating Officer Report
  • Shareholders' analysis
• SUSTAINABLE DEVELOPMENT PERFORMANCE
  • Sustainable development performance
  • Environmental sustainability
  • Social sustainability
  • Cultural Sustainability
• GOVERNANCE AND COMPLIANCE
   
  • Enterprise Governance
  • Attendance Register
  • Cluster Management
  • GRI FSSS
  • Assurance Report
  • Value-Added Statement
  • Risk and Balance sheet management review
• FINANCIAL STATEMENTS
   
  • Directors' responsibility
  • Company Secretary's Certification
  • Independent Auditors' Report to the members of Nedbank Group Limited
  • Audit Committee Report
  • Directors' Report 2010
  • Remuneration Report
  • Nedbank Group employee incentive schemes
  • Group Financials
  • Consolidated statement of comprehensive income
  • Consolidated statement of financial position
  • Consolidated currency-adjusted statement of comprehensive income
  • Consolidated currency-adjusted statement of financial position
  • Consolidated statement of changes in equity
  • Consolidated statement of cashflows
  • Segmental reporting
  • Geographical segmental reporting
  • Notes to the financial statements
  • Analysis of investments in associates and joint ventures
  • Analysis of investments in subsidiaries
  • Major subsidiary companies
  • Embedded-value report of Nedgroup Life Assurance
  • Company Financials
  • Company statement of financial position
  • Company statement of changes in equity
  • Company statement of cashflows
  • Notes to the company financial statements
  • Nedbank Group Limited compliance with IFRS
  • Letter from the Chairman
• SHAREHOLDER INFORMATION
   
  • Shareholders' diary
  • Notice of annual general meeting
  • Annexure 1
  • Definitions
  • Abbreviations, acronyms and initialisms
  • Instrument codes
  • Contact details

• Chairman's report
• Board of directors
• Group executive committee
• Chief Executives Report
• Financial Report

GROUP EXECUTIVE COMMITTEE

Trevor Adams (48) Group Executive: Balance Sheet Management	Service: 14 years BCom(Hons), CA (SA)
	Appointed to the Group Executive in August 2009, Trevor directs the group’s credit portfolio, asset and liability (liquidity and funding), margin, capital and shareholder value-based management, ultimately integrated group balance sheet management. Trevor also lead the group’s successful Basel II and Basel III implementation and is responsible for the significant enhancement of risk, capital and value-based management across the group. Trevor was appointed a partner at Deloitte & Touche in 1996, but left shortly thereafter to join Nedbank Group.
Selby Baqwa SC (59) Group Executive: Enterprise Governance and Compliance	Service: 8 years BIuris, LLB, MBA (De Montfort University, UK), AMP (Harvard Business School, USA), Diploma in Maritime Law, Certificate in Constitutional Law
	Selby had over 20 years’ experience as both an attorney and an advocate prior to being appointed to the position of Public Protector of the Republic of South Africa in 1995. He then joined Nedbank Group in 2002 to head a new corporate governance function, and at the beginning of 2005 also assumed responsibility for compliance.
John Bestbier (55) Group Executive: Strategic Planning	Service: 15 years BBusSci Actuarial, CA (SA)
	John was appointed to the Group Executive on 1 January 2010 as Group Executive: Strategic Planning, having previously been with the group for 14 years. John is an investment banker with extensive experience in the financial services industry, having led a number of large corporate finance transactions both for clients and for the group. He joined the group in 1995 as a director of its investment banking subsidiary UAL. During his tenure he has served in various capacities and subsidiary boards in Corporate Finance, Asset Management and Stock Broking.
Ingrid Johnson (44) Managing Executive: Retail and Business Banking	Service: 17 years BCom, BAcc, CA (SA), AMP (Harvard Business School, USA)
	Ingrid joined Nedbank Group in 1993 to set up the foreign currency financing operations in several offshore jurisdictions, and 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 Ingrid was appointed the Managing Director of Corporate Banking and in 2005 the Managing Director of Business Banking. Ingrid 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 of running a group of businesses as the Group Managing Executive of Retail and Business Banking.
Brian Kennedy (50) Managing Executive: Nedbank Capital	Service: 15 years MSc(Eng)(Elec), MBA, AMP (Harvard Business School, USA)
	Brian started his career in engineering before joining FirstCorp Merchant Bank in 1988. He joined BoE Merchant Bank in 1996 and was appointed Managing Director in 1998. He was appointed an executive director of BoE in 2001. Brian led Capital Markets following the merger and in November 2003 was appointed to the Group Executive Committee of Nedbank Group and Managing Executive of Nedbank Capital. He has 22 years of investment banking experience.
Dave Macready (52) Managing Executive: Nedbank Wealth	Service: 13 years 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 South Africa. He assumed responsibility for Syfrets Private Bank and NIB International and was appointed Managing Director of Nedcor Retail Investments 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 the Nedbank Group and Dave was appointed to the Group Executive Committee.
Mfundo Nkuhlu (44) Managing Executive: Nedbank Corporate	Service: 7 years BA(Hons), Strategic Management in Banking (Insead Business School), AMP (Harvard Business School, USA)
	Mfundo started his career in 1994 at the Department of Trade and Industry as a consultant on southern African trade relations. He was appointed Chief Director of Africa Trade Relations in 1996 and was charged with the responsibility for managing trade, economic policy and programmes covering Africa and the Middle East, and the New Partnership for Africa’s Development (NEPAD). He joined the South African Revenue Service in 2004 as the General Manager for Strategy and Planning responsible for corporate strategy, revenue and economic analysis. He joined Nedbank in 2005 as the Managing Executive for Nedbank Africa. He subsequently became the Managing Executive of Nedbank Corporate Banking later in 2005, and was appointed Managing Executive of Nedbank Corporate in 2009.
Sandile Shabalala (44) Managing Executive: Business Banking	Service: 15 years BAdmin, National Higher Diploma: Management Practice, CAI B (SA), MBL, Strategic Management in Banking (Insead Business School)
	Sandile has over 22 years’ banking experience, including 15 years at Nedbank. Prior to joining Nedbank he worked for Barclays Bank, NBS Bank and Telkom SA. He has vast experience in retail, small-business, corporate and business banking in both sales and credit banking functions. Prior to his appointment in October 2009 as Managing Executive, Business Banking, Sandile had been leading and managing the Northern Business Unit in Business Banking as Divisional Executive.
Fred Swanepoel (47) Chief Information Officer	Service: 14 years BCom(Hons), MBA, SEPSA, AMP (Harvard Business School, USA)
	Fred has more than 20 years’ experience in finance, banking and information technology. He joined Nedbank in 1996 as Assistant General Manager of Western Cape Operations. Since 2004 Fred has gained experience at the highest levels of Nedbank Group’s Operations and Technology Cluster, holding the position of Divisional Director for Finance, Risk and Compliance; Projects and Programme Management; and Group Software Services. Fred was appointed to his current role in November 2008.
Ciko Thomas (41) Managing Executive: Consumer Banking, Nedbank Retail	Service: 1 year BSc, MBA
	Ciko joined the group with effect from 18 January 2010 as Group Executive: Group Marketing, Communications and Corporate Affairs. Ciko 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, British American Tobacco and M-Net. In November 2010 Ciko was appointed as Managing Executive, Consumer Banking, in the Retail Cluster.
Abe Thebyane (51) Group Executive: Group Human Resources	Appointed: 1 February 2011 BAdmin, Postgraduate Diploma in Management (Human Resources), MBA
	Abe has 25 years’ experience in Human Resources, which he acquired through the various senior and executive positions held in large corporations in South Africa. Prior to joining Nedbank, Abe was Executive Head, Human Resources, at Anglo Platinum for six years and before that he was Executive Director, Human Resources, at Iscor. He joined Nedbank Group in February 2011 as Head of Group Human Resources.
Philip Wessels (52) Chief Risk Officer	Service: 15 years BCom, CTA , CA (SA), Diploma in Advanced Banking Law, Institute of Stockbrokers
	Philip Wessels has held the position of Chief Risk Officer for Nedbank Group over the past seven years. Through Philip’s leadership, together with the commitment and support from management and staff within the group, Nedbank has become well recognised and highly regarded for its effective risk management processes and governance principles. Prior to his appointment as Chief Risk Officer in 2004 Philip was a divisional director in Nedbank Business Banking and Nedbank Corporate. In addition, he was an executive director of BoE Limited, 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.