Alan Pullinger

Pullinger owns 5,634,679 ordinary shares of the major financial services company.

Pullinger, FirstRand’s CEO, said the group’s performance reflects the quality of its operating businesses.

Pullinger owns about 0.1 percent of the leading lender, or 5,634,679 ordinary shares.

The $5.46-million surge can be linked to the year-to-date surge in the share price of FirstRand Limited on the Johannesburg Stock Exchange.

Pullinger’s beneficial 0.1-percent stake in FirstRand Limited is worth R387.2 million ($25.4 million).

Pullinger holds a minority shareholding of about 0.1 percent in the group.

FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.

The bank’s earnings are expected to rise by at least 35 percent in the year through June.