Given Quinn’s performance at Absa Group, he emerged as the ideal candidate to succeed Mike Brown at Nedbank Group.
"Jason Quinn"
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Quinn joins Nedbank from Absa Group, where he served as the financial director of both Absa Group and Absa Bank.
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Quinn also owns a minority stake of 0.012 percent, amounting to 99,814 shares in the financial services giant.
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The issued dividend reflects the group’s strong financial performance at the conclusion of its 2021 fiscal year.
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Nombembe’s appointment comes at a pivotal juncture for the South African banking sector, grappling with challenges posed by rising inflation and economic …
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Rautenbach has been with Absa since 1997.
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Billionaire Patrice Motsepe’s Sanlam finalizes deal to create massive South African money manager
The company’s merger with Absa Investments will result in one of the country’s largest Black-owned asset managers.
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Russon owns a minority stake of 0.018 percent in Absa Group, which is presently valued at $1.42 million.
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South African exec Arrie Rautenbach-led Absa Group expects earnings to rise by 27 percent in H1 2022
Rautenbach owns a 0.023-percent stake in the banking group, worth $1.94 million.
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Absa Group shares have fallen by more than four percent since the opening of the Johannesburg Stock Exchange this morning.