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NED - Nedbank Group - Executive Appointments
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group" or "the group")
EXECUTIVE APPOINTMENTS
Following the announcement of a new group executive committee (EXCO)
structure in August 2009, two remaining appointments have been made
to EXCO.
Ciko Thomas (40) joins 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 the consumer goods and motor industries. He joins 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.
John Bestbier (54) has been appointed with effect from 1 January 2010 as
Group Executive: Strategic Planning. John is an investment banker with
extensive experience in the financial services industry having led a number
of complex transactions on behalf of the group, including the 2004 rights
issue, the disposal of non-core assets, the Imperial Bank transaction
announced last year and the acquisition of the bancassurance joint ventures
from Old Mutual Plc. He has been with the group since 2003 and prior to that
was an executive director at NIB and UAL.
Both of these positions report to the Chief Operating Officer, Graham Dempster.
Sandton
15 January 2010
For further information contact
Tier 1 Investor Relations
Tel: +27 (0)21 702-3102
Sponsors in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 15/01/2010 14:47:01 Produced by the JSE SENS Department.
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