Nedbank appointed Absa financial director Jason Quinn as its new chief executive, replacing Mike Brown on 31 May 2024.
Brown will remain at Nedbank for a suitable period after he steps off the board to ensure a seamless handover to Quinn.
Quinn, a chartered accountant, held various finance roles at Absa and served as interim group chief executive officer of Absa from April 2021 to March 2022.
Before Absa, he worked at Ernst & Young in 1992, holding a partner role from 2005 to 2008.
Nedbank chairperson Daniel Mminele said the board is delighted to have secured the services of an experienced leader of Quinn’s calibre.
“He has a proven track record in banking in South Africa and other parts of African to build upon Mike Brown’s legacy,” Mminele said.
He also praised Brown for his contribution, saying he championed Nedbank’s purpose of using its financial expertise to do good.
Brown also oversaw the separation from Old Mutual, which was successfully concluded in 2018, and spearheaded Nedbank’s digital transformation.