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Derek Muller (52)
Director:
Chief Executive's Office
BCom, CA (SA)
19 years’ service
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Chief Executive’s Office
Derek has
held a number of executive positions in Nedcor, including
Head of Corporate Banking, International Banking,
and Retail Banking. He is Chairman of the Operating Board
of the Banking Council of South Africa, and represents
the banking industry on the Financial Sector Charter Council.
The Chief Executive’s (CE’s) Office oversees the
Group Merger and Acquisitions Unit, which coordinates all
corporate finance activity relating to the group’s own
assets, and the group’s property, procurement and information
technology investments. The CE’s Office is also responsible for Group Procurement
and the group’s property portfolio. |
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Selby Baqwa (53)
Director:
Enterprise Governance and Compliance
BIuris, LLB, MBA (De Mont Fort University, Leicester,
UK)
2
years’ service
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Enterprise Governance and Compliance
Selby
Baqwa 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 joined Nedcor in 2002 to head up a new corporate governance
function, and has recently assumed responsibility for compliance
as well. Enterprise Governance and Compliance is responsible for
the management of regulatory and reputational risk and manages
the Enterprise-wide Governance and Compliance Frameworks.
Nedcor’s governance and compliance strategy, objectives
and structures have been designed to ensure that the group
complies with a myriad of codes and legislation, while at
the same time moving beyond conformance to governance performance.
More information on both compliance and governance is available
in the Enterprise Governance
and Compliance report . |
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Mike Brown (38)
Chief Financial Officer BCom, Dip Acc,
CA (SA)
11 years’ service
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Group Finance
Mike has been with the group for the past 11 years. After joining
the NBS Treasury Department in 1993 he moved to NBS Corporate
(later BoE Corporate) where he held the positions of General
Manager: Specialised Finance and Deputy Managing Director before
being appointed Managing Director in 1999. He was appointed
an executive director of BoE Limited in October 2001 and appointed
Managing Director: Property and Asset Finance following the
merger. In June 2004 Mike was appointed Chief Financial Officer
and an executive director of Nedcor. Group Finance includes: Group Asset and Liability Management
(ALM); Group Capital Management; Group Tax; Management and
Financial Accounting, and Central Asset Control; Regulatory
Reporting; Investor Relations; Budgeting and Risk-adjusted
Performance Measurements; South African Reserve Bank liaison;
Strategic Projects and Analysis, Support Services, and Business
Solutions. |
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Philip Wessels (46) Chief Risk Officer
CA (SA), BCom, CTA, Diploma in Advanced Banking
Law,
SA Institute of Stockbrokers
10 years’ service
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Group Risk
Philip was appointed as Chief
Risk Officer after holding positions as Divisional Director
in Nedbank
Business Banking
and Nedbank Corporate. He was Managing Director of BoE Securities
and Chief Executive of BoE International, London, and Managing
Director of BoE Bank: Business Banking between 1995 and 2003.
Prior to that, he was a partner at Deloitte & Touche
from 1989 to 1995. Group Risk is responsible for managing and monitoring the
key daily risks faced by the group, including credit, market
and operational risks and is responsible for monitoring the
trading risks of the various treasuries. Group Risk aims to
improve group credit risk reporting and monitoring, and is
responsible for implementing Basel II (refer to the Risk
management report and Basel
II update). |
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Nolitha Fakude (40)
Director:
Group Strategy and Corporate Affairs BA (Hons),
Senior Executive Programme Certificate (Harvard/Wits Business
School)
1 year’s service
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Group Strategy and Corporate Affairs
Nolitha
joined the group in January 2004 as Head of Business Transformation
and in August 2004 was
appointed Head of Group Strategy and Corporate Affairs.
Nolitha Fakude has been President of the Black Management
Forum (BMF) since October 2003 and is the Non-executive Chairman
of the BMF Board. Nolitha sits on various boards, including
BMF Investment Company, Harmony Gold Mines and Woolworths
Holdings, as well as WHEAT TRUST. She is also a member of
the Council of Business Unity South Africa (BUSA).
The Group Strategy and Corporate Affairs cluster is responsible
for Group Marketing and Communications, Group Strategy, the
Nedcor Foundation and all corporate social investment activities,
the Nedcor Economic Unit as well as Group Organisational
Transformation, which is responsible for leading transformation
and culture change across the group. |
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Len de Villiers (49)
Director:
Group Technology and Support Services
BA, SAIM, MAP (Harvard),
Dipl EDP, GITI (Insead) (GTSS)
12 years’ service
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Group Technology and support services
Len
has 28 years’ experience in the
IT industry, having begun his career in 1976 with IT general
management positions at BP, Metro Cash & Carry and Gencor
(Kanhym). He joined First National Bank as General Manager:
IT Division in 1985, followed by three years as Managing
Director of Microdata and an executive director at Datakor
Limited. In 1993 he joined Nedcor as General Manager: IT
Division and progressed to General Manager: Central and Branch
Operations in 1996. Len was appointed Managing Director of
Group Operations in 2003 and Managing Director of GTSS in
August 2004.
A centralised technology unit was created with responsibility
for all components of the group’s technology development
and support. The functions that operate information technology
(IT) systems, databases, technology infrastructure, software
development and IT projects/ programme management needed
to be centrally managed to provide economies of scale and
facilitate a cohesive groupwide technology strategy. IT departments
and functions in Property Finance Division, Treasury and
Global Markets Division and Nedbank Retail Division were
consolidated
into GTSS in line with the Group Executive Committee’s
decision to centralise all IT functions and services of the
bank. |
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Barry Hore (44)
Director: Strategic Recovery and Turnaround Office BCom,
AMP (Harvard)
22 years’ service
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Strategic Recovery and Turnaround Office
Barry joined Nedcor in 1983 and spent the next eight years
in the Corporate Division where he pioneered Nedbank Corporate’s
Electronic Banking business. In 1991 he was appointed Head of
the Information Technology (IT) Division, which was later combined
with the Processing Division to form Technology and Operations
(T&O). After heading Group Business Innovation, Barry was
appointed Head of the Strategic Recovery and Turnaround Office
in August 2004. A Strategic Recovery
and Turnaround Office and recovery plan blueprint were established
to extract significant additional
efficiencies that could still be achieved in Nedcor’s
underlying business. All deliverables were tracked so that
any variances or risks were immediately addressed and resolved.
The Strategic Recovery Programme’s mandate was enhanced
during 2004 to monitor, assure and provide assistance, where
necessary, on all key group strategic initiatives.
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Derek Muller (52)
Acting Head: Group Human Resources BCom, CA (SA)
19 years’ service
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Group Human Resources
The Group Human Resources
Division is primarily involved in determining best practice,
initiating change, managing
risks and developing the human resources (HR) strategy
across the group.
This is managed through the following specialist functions:
- Specialised solutions, including employee relations,
employee benefit funds administration, learning and development
and learnerships.
- Risk management, incorporating process management and
compliance.
- People analytics and systems, comprising an HR online
web-based system, management information systems, people
measurement, activity-based costing and finance.
- Reward and HR strategy, covering remuneration services
and benefits, recognition, performance management, employment
branding and HR strategy.
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