Categories: Banking NewsNews

Jason Quinn Named Nedbank CEO, Succeeds Mike Brown

  • Leadership Succession: Jason Quinn, a seasoned financial expert with extensive experience at Absa and Ernst & Young, is appointed as the new Chief Executive Officer of Nedbank, succeeding Mike Brown.
  • Smooth Transition: Mike Brown, the outgoing CEO, will support Quinn during a transitional period, ensuring a seamless handover to maintain operational continuity and stability within the institution.
  • Acknowledgment of Achievements: The article highlights Mike Brown's contributions, including overseeing the successful separation from Old Mutual and spearheading Nedbank's digital transformation, while emphasizing Quinn's potential to build upon this legacy and lead Nedbank into its next phase of growth and innovation.
Published by
Miriam Matoma

Nedbank, one of South Africa’s prominent financial institutions, announced the appointment of Jason Quinn as its new Chief Executive Officer, effective May 31, 2024. This move marks a significant leadership transition as Quinn steps into the role, succeeding Mike Brown.

The transition period will see Brown, the outgoing CEO, continue his involvement with Nedbank for a reasonable duration, ensuring a seamless transfer of responsibilities to Quinn. Quinn’s extensive experience and background in the financial sector position him as a fitting successor to lead the institution forward.

Jason Quinn, a seasoned chartered accountant, brings a wealth of experience garnered through his tenure at Absa, where he held various pivotal finance roles. Notably, Quinn served as the interim Group Chief Executive Officer at Absa from April 2021 to March 2022. Prior to his time at Absa, he played a significant role at Ernst & Young, where he held a partner position from 2005 to 2008, showcasing his comprehensive expertise in financial leadership.

Daniel Mminele, the Chairperson of Nedbank, expressed the board’s enthusiasm regarding Quinn’s appointment, highlighting his proven leadership qualities and substantial experience in the banking sector across South Africa and other African regions. Mminele emphasized Quinn’s capability to build upon the legacy left by Mike Brown, acknowledging Brown’s pivotal role in championing Nedbank’s commitment to leveraging financial expertise for societal good.

Under Mike Brown’s stewardship, Nedbank witnessed significant milestones. Brown was instrumental in overseeing the successful separation from Old Mutual, a crucial corporate move that concluded in 2018. Moreover, he played a key role in driving Nedbank’s digital transformation initiatives, aligning the institution with the evolving technological landscape within the financial sector.

The transition in leadership at Nedbank signifies a strategic move towards leveraging Quinn’s expertise to steer the institution forward while acknowledging and appreciating the substantial contributions made by Mike Brown during his tenure. This leadership succession plan aims to ensure continuity and further advancements in Nedbank’s commitment to serving the financial needs of South Africa and beyond.

The appointment of Jason Quinn as the new CEO not only marks a significant milestone in Nedbank’s history but also underlines the institution’s dedication to securing visionary leadership to navigate the complexities and challenges of the financial industry in the coming years. With a focus on innovation, social responsibility, and continued growth, Nedbank remains poised to play a pivotal role in shaping the financial landscape in South Africa and across the continent under Quinn’s leadership.

This transition news holds relevance not only for the financial sector but also for the broader business community and stakeholders in South Africa. The smooth succession plan and the incoming CEO’s background position this development as a notable event impacting the financial sector and the overall economic landscape in the region.

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Miriam Matoma

Miriam is a freelance writer, she covers economics and government news for Rateweb. You can contact her on: Email: miriam@rateweb.co.za Twitter: @MatomaMiriam