# Nedbank

Nedbank is a Bank / Wealth / Trust based in Sandton, South Africa.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Sandton, South Africa
- **Region:** Africa
- **Address:** Sandton, Gauteng, South Africa
- **Founded:** 1888
- **Assets under management:** Undisclosed
- **Website:** nedbank.co.za
- **LinkedIn:** https://www.linkedin.com/company/nedbank

## Regulatory record

- **Reports private funds:** No

## About

Nedbank is a banking group offering personal, private, business and corporate banking. Its products and services include accounts, personal loans, credit cards, home loans, save and invest options, and insurance. Customers can manage money through branches, the Money app, Online Banking and other channels, and the group also provides private wealth and stockbroking services.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Hedge Funds
- Private Equity
- Financial Services

## People

- Jason Quinn — Chief Executive Officer
- Mike Brown — Chief Executive, Nedbank Wealth

## Questions

### Who runs investment decisions at Nedbank Wealth?

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.

### Does Nedbank participate in fund commitments or only direct deals?

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.

### What is Nedbank's known posture on co-investments alongside external GPs?

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.

### How is Nedbank related to Old Mutual?

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.

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- [Nectar](https://altss.com/profile/nectar)
- [Needham & Co](https://altss.com/profile/needham-co)

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Last updated: 2026-08-11T15:07:34.613Z

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