Nedbank Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jason Paul Quinn

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	4.4yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

Dec 23

CEO

Jason Paul Quinn (50 yo)

less than a year

Tenure

Mr. Jason Paul Patrick Quinn, BAcc (Hons); CA (SA), is Chief Executive of Nedbank Limited from May 31, 2024 and serves as its Director since May 2024. He is Chief Executive officer of Nedbank Group Limited...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Davis	CFO, Debt Officer & Director	4.2yrs	R30.30m	0.069% ZAR 91.9m
Mfundo Nkuhlu	COO & Director	9.9yrs	R31.91m	0.070% ZAR 93.6m
Jason Paul Quinn	CEO & Director	less than a year	no data	no data
Ray Naicker	Chief Information Officer	1.4yrs	no data	no data
Alfred Visagie	Executive Head of Investor Relations	no data	no data	no data
Daleen Toit	Group Chief Compliance Officer	2.6yrs	no data	no data
Khensani Nobanda	Group Executive for Group Marketing & Corporate Affairs	no data	no data	no data
Deborah Fuller	Group Executive for Human Resources	6.5yrs	no data	no data
David Mcfadzean	Head of Wealth Management	4.7yrs	no data	no data
Andrew Halsall	Head of Private Banking - Isle of Man	4.7yrs	no data	no data
David Crewe-Brown	Group Chief Risk Officer	1.7yrs	no data	no data
Jackie Katzin	Company Secretary	5.9yrs	no data	no data

4.4yrs

Average Tenure

51yo

Average Age

Experienced Management: NED's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Davis	CFO, Debt Officer & Director	4.2yrs	R30.30m	0.069% ZAR 91.9m
Mfundo Nkuhlu	COO & Director	9.9yrs	R31.91m	0.070% ZAR 93.6m
Jason Paul Quinn	CEO & Director	less than a year	no data	no data
Phumzile Langeni	Independent Non-Executive Director	2.8yrs	R1.24m	no data
Robert Gordon Leith	Independent Non-Executive Director	5.9yrs	R1.56m	no data
Hubert Brody	Lead Independent Director	7.4yrs	R2.08m	0.0019% ZAR 2.5m
Errol Kruger	Independent Non-Executive Director	8.3yrs	R2.38m	no data
Brian Dames	Non-Executive Director	10.5yrs	R1.50m	0.000010% ZAR 13.3k
Neo Dongwana	Independent Non-Executive Director	7.5yrs	R1.41m	no data
Stanley Subramoney	Independent Non-Executive Director	9.3yrs	R2.21m	0.00049% ZAR 651.0k
Linda Makalima	Independent Non-Executive Director	7.5yrs	R1.73m	no data
Aaron Mminele	Independent Non-Executive Chairman	1.6yrs	R4.02m	no data

7.5yrs

Average Tenure

57.5yo

Average Age

Experienced Board: NED's board of directors are considered experienced (7.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 23:54
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nedbank Group Limited is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harry Botha	Anchor Stockbrokers Proprietary Limited
Jaap Meijer	Arqaam Capital Research Offshore S.A.L.
Adrienne Damant	Avior Capital Markets

Nedbank Group Management

Management criteria checks 2/4

Key information

Recent management updates

Nedbank Group and Nedbank Limited Appoints William Mzimba as Independent Non-Executive Director and Member of the Nedbank Group IT Committee with Effect from 1 October 2024

Nedbank Group and Nedbank Limited Appoints Mavis (May) Ann Hermanus as Independent Non-Executive Director and Member of the Nedbank Group Sustainability and Climate Resilience Committee, Effective 15 July 2024

Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees

Nedbank Group Limited and Nedbank Limited Appoints Terence Mncedisi Nombembe as an Independent Non-Executive Director and Member of Nedbank Group Audit Committee, Effective 1 January 2024

Nedbank Limited and Nedbank Group Limited Announce Executive Changes, Effective 31 May 2024

Nedbank Group Limited Announces Changes to Board Committees

Recent updates

If EPS Growth Is Important To You, Nedbank Group (JSE:NED) Presents An Opportunity

Nedbank Group Limited to Report Fiscal Year 2024 Results on Mar 04, 2025

Nedbank Group and Nedbank Limited Appoints William Mzimba as Independent Non-Executive Director and Member of the Nedbank Group IT Committee with Effect from 1 October 2024

Price target increased by 8.3% to R310

Upcoming dividend of R9.71 per share

First half dividend of R9.71 announced

Nedbank Group Limited Declares an Interim Dividend for Six Months Ended June 30, 2024, Payable on September 9, 2024

Nedbank Group and Nedbank Limited Appoints Mavis (May) Ann Hermanus as Independent Non-Executive Director and Member of the Nedbank Group Sustainability and Climate Resilience Committee, Effective 15 July 2024

Investor sentiment improves as stock rises 17%

Nedbank Group and Nedbank Announces Changes to the Boards and Board Committees

Upcoming dividend of R10.22 per share

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Nedbank Group Limited Declares Final Dividend for the Year Ended 31 December 2023, Payable on 15 April 2024

Nedbank Group Limited and Nedbank Limited Appoints Terence Mncedisi Nombembe as an Independent Non-Executive Director and Member of Nedbank Group Audit Committee, Effective 1 January 2024

Nedbank Limited and Nedbank Group Limited Announce Executive Changes, Effective 31 May 2024

Nedbank Group Limited Announces Changes to Board Committees

Nedbank Group Limited and Nedbank Limited Announce Resignation of Mteto Nyati as Independent Non-Executive Director, Effective on October 9, 2023

Nedbank Group Limited to Report First Half, 2024 Results on Aug 06, 2024

Upcoming dividend of R8.71 per share at 8.0% yield

First half 2023 earnings released: EPS: R15.24 (vs R14.12 in 1H 2022)

Nedbank Group Limited Declares an Interim Dividend on Ordinary Share, Payable on September 11, 2023

Upcoming dividend of R8.66 per share at 7.8% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Nedbank Group and Nedbank Announce Board Changes

Nedbank Group Limited Announces Resignation of Tshilidzi Marwala as an Independent Non-Executive Director and Therefore as A Member of the Group It Committee, Group Climate Resilience Committee, and Group Transformation, Social and Ethics Committee

COO & Director recently sold R1.5m worth of stock

COO & Director recently sold R2.1m worth of stock

Insider recently sold R2.8m worth of stock

Nedbank Group Limited, Annual General Meeting, Jun 02, 2023

Nedbank Group Limited to Report Fiscal Year 2022 Results on Mar 07, 2023

An unknown buyer acquired an unknown stake in Nedbank Group Limited (JSE:NED) from Ninety One SA Proprietary Limited.

Mteto Nyati Joins Nedbank Board

An unknown buyer acquired 5.4% stake in Nedbank Group Limited (JSE:NED) from The Goldman Sachs Group, Inc. (NYSE:GS).

Upcoming dividend of R7.83 per share

Nedbank Appoints Phumzile Langeni as Independent Non-Executive Director

GIC Pte. Ltd. acquired a 5.01% stake in Nedbank Group Limited (JSE:NED).

Nedbank Group Limited Announces Group Chief Financial Officer Changes

Nedbank Group Limited to Report Fiscal Year 2021 Final Results on Apr 21, 2022

Nedbank Group Limited, Annual General Meeting, May 27, 2022

Price target increased to R240

Upcoming dividend of R7.58 per share

Nedbank Group Limited to Report Fiscal Year 2021 Results on Mar 09, 2022

Upcoming dividend of R4.33 per share

First half 2021 earnings released: EPS R10.81 (vs R2.70 in 1H 2020)

Nedbank Group Limited Revises Earnings Guidance for the Six-Month Period Ended 30 June 2021

Price target increased to R186

Price target increased to R170

Non-Executive Director has left the company

Full year 2020 earnings released: EPS R7.18 (vs R25.00 in FY 2019)

Analysts update estimates

New 90-day high: R139

Nedbank Group Limited to Report First Half, 2021 Results on Aug 17, 2021

Vassi Naidoo to Be Taking Leave of Absence as Independent Chairman of Nedbank Group Limited and Nedbank Limited

New 90-day high: R118

Market bids up stock over the past week

Market pulls back on stock over the past week

Nedbank Limited and Nedbank Group Limited Appoints Mike Davis as Debt Officer

Market bids up stock over the past week

Analysts lower EPS estimates to R7.81

New 90-day low - R95.99

Price target lowered to R136

Earnings released

Nedbank Group Limited to Report First Half, 2020 Results on Aug 26, 2020

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members