Nedbank

Mike Brown serves as Chief Executive of Nedbank Wealth, overseeing the private-client, stockbroking, and asset-management businesses. Day-to-day manager selection for the multi-manager platform is run by the Nedgroup Investments team, while BoE Private Equity operates with its own investment committee for direct deals. The group's proprietary balance-sheet investing is governed by Group CFO Jason Quinn and the board.

Nedbank's private-equity and private-credit pipeline is fed primarily through its corporate and investment banking lending book, which gives the firm early visibility into South African mid-market companies seeking growth or acquisition capital. The infrastructure desk originates project-finance deals — typically power, toll roads, and water concessions — through government-tender and public-private-partnership channels across the SADC region.

Nedbank Wealth is a division of Nedbank Group, one of South Africa's four large commercial banks. It is a bank-owned wealth manager and private-client franchise — not a single-family office or an independent RIA. The parent-company balance sheet enables co-investment and proprietary deal participation that stand-alone wealth firms typically cannot offer.

Both. Through BoE Private Equity, Nedbank commits to mid-market South African buyout funds (including Ethos and Metier) and also co-invests directly alongside those GPs. The Nedgroup Investments hedge fund of funds platform commits to external managers, while the infrastructure desk does direct project finance with occasional club-style syndication to other banks.

Nedbank actively co-invests — the BoE Private Equity program routinely sits alongside sponsors, and the corporate lending book has a track record of converting watch-list and growth-lending relationships into equity co-investment opportunities. The infrastructure desk frequently syndicates large ticket power and transport deals to development finance institutions and peer banks.

Old Mutual was Nedbank's majority shareholder until a managed separation that concluded in March 2023, when Old Mutual fully distributed its remaining Nedbank stake to its own shareholders. Nedbank has been operationally independent for years but the separation formalized governance and eliminated the historical parent-company link.

The Nedbank Foundation handles all corporate social investment, separate from the wealth division's donor-advised philanthropy desk that serves private clients. Fundraising events like the Nedbank Golf Challenge also funnel into community programs, but the foundation is a group-level entity distinct from client assets under management.