Nedbank appoints Dongwana and Manzini to boards

23a96f0 DongwanaThe boards of financial giants, Nedbank Group and Nedbank have announced the appointments of Ms Neo Dongwana and Ms Linda Manzini as independent non-executive directors of the companies with effect from 1 June 2017.

Linda Manzini, the founder of Lima Business Solutions was previously Director and Head of Investment Banking Coverage at Standard Bank where she was responsible for business development and origination across a portfolio of sectors, which included oil & gas, power, infrastructure & renewables, mining & metals and telecommunications. Prior to that Linda was Managing Director of Diners Club. Linda left the corporate world to become a career and business coach, providing professionals and entrepreneurs with skills, insights and tools to enrich their careers and businesses. Linda will join the Nedbank Group Transformation, Social and Ethics Committee, Group Credit Committee and the Large-exposure Approval Committee.

Neo Dongwana spent her earlier career as an Equities Analyst before joining Deloitte, where she held the position of Audit Partner for 9 years. She was the first black female partner in the Cape Town office and the second black female partner in the South African practice. Neo serves on a number of boards, including Barloworld limited, AVI limited and Mpact Limited. She is also a Trustee of the Women’s Development Bank and has represented South Africa on the Southern African Development Community’s audit committee and serves as a member of the Financial Services Board Appeal Board. Neo will be appointed as a member of the Nedbank Group Remuneration Committee and Group Audit Committee.

Mr Vassi Naidoo, Nedbank Group Chairman extended a warm welcome to both Ms Dongwana and Ms Manzini and said that their appointments would bring a wealth of experience and expertise to the Boards and the relevant board committees. He noted that, given the resignations of Messrs Adomakoh and Boardman as independent non-executive directors following the AGM on 18 May 2017, the Nedbank Group and Nedbank Boards of 17 members will continue to comprise 59% independent non- executive directors on 1 June 2017, and that performance against Nedbank Group’s Board diversity targets will be substantially improved following these appointments on 1 June 2017.

Nedbank Group also announced that it will exceed its board diversity targets and achievements on the 1st June.

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