There are these nimble new digital banks and big tech is also doing banking. This is according to Nedbank CEO, Mike Brown, who said that South Africa’s economy is in ‘need of a doctor’. The minister speaks about the necessity for fiscal discipline and refers to the budget, so we want to see the budget. As he sees it another critical function of the CEO is to focus on creating a “values driven” culture and organisation. BRONWYN NIELSEN: Nedbank boosted full-year profits by 9%, helped by a fall in bad debts.Joining me is Mike Brown, the group’s CEO. I think we are number two in year to date one and three, and number one over five years – a good outcome from a shareholder value creation perspective.”. Usually we meet with their representatives in Africa. – Linda van Tilburg, Content hosted by iono.fmContent hosted by iono.fm. Subscribe to our Newsletter to get daily updates on local affairs, with a global context. I am sure that when we do see it, what he has said will become evident. Ecobank bought another bank in Nigeria, called Oceanic and Nedbank supported them in this by providing their holding company with a loan, and so secured the rights to acquire twenty percent of Ecobanks equity. (Twitter: @AdriaanG_LP), While describing the importance of seeing the big picture in today’s complex world to leaders of a large mining house, I used the opportunity to emphasise that most of their employee base either follow Julius Sello Malema or watch him with keen interest, which means it would be wise for them to understand him – […], We have spent much time analyzing leaders from all walks of life on our Leadership Platform. This gives you an opportunity to meet their global chief executives. What fascinates me is that there is always so much you can do in business, irrespective of what the outside environment is.”, Brown ultimately believes: “At the end of the day, it does not matter what you pay people unless you enjoy coming to work every single day, which means you enjoy what you do, you enjoy who you do it with, you enjoy how you are treated. He was previously an executive director of BoE Limited and, after the merger between Nedbank Limited, BoE Bank Limited, Nedcor Investment Bank Limited and Cape of Good Hope Bank Limited in 2003, he was appointed Head of Commercial Property Finance at Nedbank … So the conversations are much more grounded in that reality, rather than the expectation of a quick bounce. NASTASSIA ARENDSE: Today I am joined by Nedbank CEO in our Wednesday Conversation. He qualified as a chartered accountant and, like so many CA’s, joined Deloitte & Touche to do his articles. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. MIKE BROWN: I think without doubt the single biggest thing that Tom taught me and his largest contribution to Nedbank when people look back on it will be … Brown says further: “We also measure how many staff are lost to competitors verses how many new hires are coming from competitors and are you a net gainer or loser in the talent pool.” Over the last couple of years they have been a net gainer. 3,000 of the top officials from governments and businesses gather in one place. Academic Qualifications: BCom, DipAcc, CA (SA), CD (SA), AMP (Harvard, USA) It’s also an amazing opportunity for mental stimulation listening to some of the smartest people in the world. The Nedbank board of directors is among the most representative in the South African banking sector. There are a couple of deals that are currently underway at early stages of discussion and if I can have the conversation with the global chief executive about that deal, it does help the probability that it will become executed in time. In Central and West Africa they partner with Ecobank and this relationship has deepened considerably. He feels “the world is in a very difficult place right now, economically, with lots of challenges everywhere. Our meeting happened while the HSBC deal was on the cards, but shortly after fell through. His father, grandfather and an uncle were bankers. When it did not happen there was, as Brown says “a lot of inward reflection around the importance of making sure that we deliver, so that there can never be any doubt in anybody’s mind about why HSBC did not do the deal.” Brown feels that their performance over the last few years indicates that the decision to not go through with the deal had nothing to do with Nedbank. ABN speaks with Mike Brown, CEO of Nedbank looking at investment opportunities in Africa, especially in the banking sector. He is the Co-Founder and CEO of Leadership Platform. Mike, you’ve been hammering your growth target into our heads for a while now, GDP … Email Adriaan on adriaan@leadershipplatform.com for more on creating “Leadership Fit” leaders that generate successful movement (performance) inside your organisation. Yeah, South Africa is – as a country – a turnaround story and at the early stages of the turnaround story, I think last year, or the year before, there was an expectation that the turnaround would happen faster than is currently the case. All Rights Reserved. See others named Mike Brown Add … So for example, just from a Nedbank point of view, I met a number of the chief executives of some of the global multinationals that we do business with on the African continent here. It is said that there wasn’t the excitement this year, which is probably a good thing because you could get down to serious conversation with people. Their latest measurement came in as world class, which is a great achievement. 14 Mar 2013 19:03 . Nedbank has published its integrated annual report for 2018, showing how much its executives were paid – including CEO, Mike Brown. Capitec CEO … 14921 others named Mike Brown are on LinkedIn. And the competition is great. He joined the Business Leadership South Africa (BLSA) board of directors in July 2019. Finance Minister Tito Mboweni responded this morning to criticism from the business sector attending the World Economic Forum meeting in Davos Switzerland about the pace of structural reform of the economy saying that a process like this does take time. I’m talking to Mike Brown the chief executive of Nedbank. Johannesburg Area, South Africa. South Africa’s economic future is closely linked to the structural reforms which will bring about reliable and affordable electricity supply, said Nedbank Group CEO Mike Brown. Angry SAs speak: The alcohol ban is economic murder! Mike was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. We never spam. What has in a way surprised him is “the role-modelling that happens in an organisation off the behaviours of the leadership group”, says Brown. Nedbank CEO Mike Brown on his future, Old Mutual and beating expectations 26th February 2014 24th February 2014 by Alec Hogg As happens when you’re in this field for long enough, it’s been my privilege to watch Mike Brown develop from Nedbank’s eager new financial director to the confident, assured and very competent CEO of the smallest of the country’s Big Banks. Davos for me is an amazing networking opportunity. Email: info@leadershipplatform.com. Mike Brown ist derzeit Chief Executive Officer & Director bei Nedbank. Date: 07 September 2017 | Author: Business Leadership South Africa Category: On Air. It’s a very difficult environment for our customers. Measurement, monitoring and tracking is very important in any organisation according to Brown. While it is risky to generalize, women seem to have a greater predisposition than men to be sensitive to the needs of others, and to foster nurturing environments because of their socialisation. Mike was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. "The best CFOs are intellectually persuasive without being arrogant," says Nedbank CEO Mike Brown, a former Chief Financial Officer himself. Where two markets meet. Not much in fact. Our directors are highly experienced, with diverse skills that cut across industry sectors, disciplines, expertise and experience. Their strategy to expand into the rest of Africa has evolved significantly. Eskom: Energy expert warns of electricity catastrophe in SA, Herman Mashaba: Finding jobs for thousands of…, South Africans have a constitutional right to take…. At the time of the possible deal they were clear about their strategy, but believed with HSBC the vision could be accelerated. We hope that we see evidence of that in the near term. Mike, thanks so much for your time today. Mike, do you believe that the worst is over in terms of bad debts? HILTON TARRANT: Mike Brown is the chief executive of the Nedbank Group. Everything from investing like Warren Buffett to the Audiobiography of Cyril Ramaphosa. However, if asked he would advise a young or newly appointed CEO as follows: “First of all you have to be clear as to the role of the CEO of any organisation and the way I see it and what we are trying to build here is an organisation that is vision led and values driven. And exciting mix of both developed markets and emerging markets every weekday.... 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