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.

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.