Nedbank CEO: We fared best among big 4 on transformation targets

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Nedbank has launched a new security tool. (Duncan Alfreds, Fin24)
Nedbank has launched a new security tool. (Duncan Alfreds, Fin24)

Cape Town – Nedbank – one of South Africa’s big four banks – on Wednesday acknowledged that its workforce profiles at senior management level need to be more “demographically represented”, with a stronger focus on African employees.

However, among the four major banks Nedbank has fared the best with regard to transformation targets.

Nedbank CEO Mike Brown said the institution has total measured black shareholding of 37.55%, and black women shareholding of 17.39%. These figures are based on Nedbank’s 2016 Financial Sector Charter verified score.

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