Nedbank Group Limited (NDBKY)

13.24 -0.03 (-0.19%) At close: 03:45PM EST

Nedbank Group Limited

135 Rivonia Road
Sandton 2196
South Africa
27 11 294 4444
https://www.nedbank.co.za

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 26,343

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Michael William Thomas Brown AMP, B.Com., BCom, C.A., CA (SA), Dip Acc	Chief Exec. & Exec. Director	1.33M	N/A	1967
Mr. Michael Davis B.Com., C.A.	CFO, Debt Officer & Director	826.68k	N/A	1971
Mr. Mfundo Clement Nkuhlu AMP, B.A., BA(Hons)	COO & Director	909.46k	N/A	1967
Mr. Fred Swanepoel AMP (Harvard, BCom(Hons), MBA, SEPSA	Chief Information Officer	N/A	N/A	1964
Mr. Alfred Visagie	Exec. Head of Investor Relations	N/A	N/A	N/A
Ms. Daleen Du Toit B.Com., L.L.B.	Group Chief Compliance Officer	N/A	N/A	1965
Ms. Khensani Nobanda B.Com., M.B.A.	Group Exec. for Group Marketing & Corp. Affairs	N/A	N/A	1979
Ms. Deborah Fuller	Group Exec. for HR	N/A	N/A	1973
Mr. Trevor Adams BCom(Hons), CA (SA)	Group Chief Risk Officer	N/A	N/A	1963
Mr. David Mcfadzean	Head of Wealth Management	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including savings deposits and investment accounts; home and personal loans, student loans, vehicle finance products, private wealth finance solutions, overdrafts, short term loans, and credit cards; and investment plans and services, financial, and estate planning services, and wills and trust services, as well as professional banking, wealth management, non-resident and embassy banking, insurance, stock broking, and foreign exchange services. The company also provides business banking services, such as business accounts; call, fixed, and flexi deposits; loans and structured solutions; property, asset, and vehicle finance products; value added services; card and cash solutions; treasury solutions; cash management, electronic banking, and merchant payment and support services; life, asset, income and credit protection, funeral, business cover, liability cover, revenue cover, and owners' insurance products; asset management services; and commodities, equities, fixed income, and structured credit products. In addition, the company offers corporate banking services comprising aircraft, asset based, carbon, export credit, global commodity, infrastructure, energy, telecoms, leveraged, mining, oil and gas, private equity, and public sector finance; payments and receipts, documentary credits and collections, guarantees, and trade finance; structured solutions; corporate lending and advances; custodial services; corporate finance and debt advisory services; beta solutions; and corporate and institutional investments. Further, it provides transactional banking services. The company was formerly known as Nedcor Limited and changed its name to Nedbank Group Limited in 2005. Nedbank Group Limited was founded in 1831 and is headquartered in Sandton, South Africa.

Corporate governance

Nedbank Group Limited’s ISS governance QualityScore as of 1 January 2023 is 6. The pillar scores are Audit: 7; Board: 7; Shareholder rights: 10; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.