Nedbank Group Limited (NDBKY)

14.19 +0.34 (+2.45%) At close: 03:57PM EDT

Nedbank Group Limited

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

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

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	1.42M	N/A	1967
Mr. Michael Davis B.Com., C.A.	CFO, Debt Officer & Director	880.88k	N/A	1971
Mr. Ciko Thomas	Group Managing Exec. of Retail and Bus. Banking	955.79k	N/A	1970
Ms. Iolanda Ruggiero	Group Managing Exec. of Nedbank Wealth	669.45k	N/A	1971
Ms. Anél Bosman B.Com.	Prescribed Officer	1.23M	N/A	1968
Mr. Mfundo Clement Nkuhlu AMP, B.A., BA(Hons)	COO & Director	N/A	N/A	1967
Mr. Brian Kennedy AMP (Harvard), BSc (Eng), MBA, MSc (Eng)	Group Managing Exec. of Nedbank Corp. & Investment Banking	N/A	N/A	1961
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. Anna Isaac	Group Chief Compliance Officer	N/A	N/A	1970

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, 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 Johannesburg, South Africa.

Corporate governance

Nedbank Group Limited’s ISS governance QualityScore as of 1 May 2022 is 9. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 10; Compensation: 8.

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.