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The Nedcor Group was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. [7] In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $285 million claim in Ecobank into equity. [8] [9]
In the same year a Black Economic Empowerment deal was introduced at Old Mutual South Africa, Nedbank and Mutual & Federal. [ 6 ] In 2006, Old Mutual acquired the Swedish insurer, Skandia , in a $6.5billion deal, bringing additional business in the United Kingdom, several other countries in Europe, Latin America, the Far East and Australia ...
With more than 1,500 branches in 35 countries, the Ecobank-Nedbank Alliance is the largest banking network in Africa. The alliance was formed in 2008 between the Ecobank Group and the Nedbank Group, one of South Africa 's four largest financial services providers, with a growing footprint of operations across the Southern African Development ...
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
Discovery Insure – Sandton, South Africa – 100% Shareholding – Offering motor vehicle, household and other short-term risk insurance in South Africa. VitalityHealth – London , United Kingdom – 100% Shareholding – Offering personal medical insurance products in the United Kingdom. 25% of the venture was previously held by Prudential ...
BoE Stockbrokers is an authorised financial services provider, [1] and a member of the Nedbank Group. As a South African stockbroking company, BoE Stockbrokers (Pty) Ltd offers services from personal investment advice and investment management to extensive E-commerce facilities, focussing specifically on high-net-worth and affluent individuals, trusts and small institutional clients.
Liberty Holdings Limited is a South African financial services and property holding company that focuses on Insurance and Asset Management with registered head office in Johannesburg, South Africa at Liberty Centre, 1 Ameshoff St., Braamfontein. [1] [2] [3] Liberty has operations in South Africa, Kenya, Namibia and other in 16 African countries.
Jason Quinn (born circa 1975) is the chief executive officer (CEO) designate of Nedbank Group. He previously was CEO in acting capacity, of Absa Group Limited, a financial services conglomerate, with headquarters in Johannesburg, South Africa, and subsidiaries in eleven sub-Saharan countries.