Regulatory Approval Granted for Jason Quinn as Nedbank Group’s New CEO

  • Jason Quinn Approved as CEO: Nedbank Group receives regulatory approval for Jason Quinn's appointment as Group Chief Executive.
  • Smooth Transition Planned: Quinn will take over from Mike Brown upon his retirement after the annual general meeting.
  • Endorsement Signals Confidence: The Prudential Authority's approval underscores confidence in Quinn's leadership capabilities and vision.
Published by
Lethabo Ntsoane

Nedbank Group Limited and Nedbank Limited have officially received regulatory approval for the appointment of Jason Quinn as the Group Chief Executive and Executive Director, effective from May 31, 2024. This announcement marks a significant milestone in Nedbank’s leadership transition plan, following a period of careful consideration and regulatory review.

Approval from Prudential Authority:

The Prudential Authority of the South African Reserve Bank has granted its approval for Jason Quinn’s appointment, affirming his suitability and capability to lead the Nedbank Group. This regulatory endorsement underscores the confidence in Quinn’s leadership abilities and vision for the Group’s future direction.

Succession Planning:

Jason Quinn’s appointment as Group Chief Executive comes after being designated for the role in a previous announcement made on November 22, 2023. He will succeed Mike Brown, who is set to retire from the Boards upon the conclusion of the Nedbank Group’s annual general meeting, scheduled for May 31, 2024.

Transition Timeline:

The transition plan ensures a smooth handover of responsibilities, with Jason Quinn assuming the helm of leadership at Nedbank Group upon Mike Brown’s retirement. This carefully orchestrated succession process aims to maintain stability and continuity within the organization while facilitating a seamless transition of leadership.

Acknowledging the Legacy:

As Mike Brown prepares to step down after a distinguished tenure, the Nedbank Group expresses gratitude for his invaluable contributions and leadership over the years. Under his guidance, the Group has navigated through various challenges and achieved notable milestones, solidifying its position as a leading financial institution in South Africa and beyond.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo