That is now a reality in front of all of us. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. How do you cope with that? 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. We think that GDP growth this year is going to end up at about 0.3%, at the beginning of the year we thought it would be closer to 1.5% and in that very difficult environment – you can see in the newspapers what’s happening to our customers – they’re battling for growth, they’re downsizing and banks, probably more than any other entity, are a reflection of the macro economic environment in which they operate. 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. Their latest measurement came in as world class, which is a great achievement. Read also: Tito’s blue print to create 1m jobs, fix SA economy. Responding to this Nedbank CEO Mike Brown said there are good starting points but what business wants to see is delivery, such as Mboweni’s strategic plan from Eskom, which will give more certainty. So the conversations are much more grounded in that reality, rather than the expectation of a quick bounce. I suppose leaders have to find the opportunities for their businesses within those challenges, and focus your people and leadership team on things they can control and make a difference to. Our channels would be a branch channel, an Internet channel, a mobile channel and a call centre channel. And finally, they have employees that they have lost but came back, many of them ascribing their return to the positive culture of Nedbank. HAVE YOUR SAY! In Central and West Africa they partner with Ecobank and this relationship has deepened considerably. There is a process to begin structural reforms, the National Treasury’s paper on growth in South Africa has good starting points but what business wants to see is delivery. Brown explains: “It started with the executive team going through a particular process around leadership, understanding your influence on others, personal mastery, a very defined leadership and culture values journey for the leadership team of the organisation.” They have now been successful in cascading that further down the organisation to thousands of staff. And the competition is great. Mike, you’ve been hammering your growth target into our heads for a while now, GDP … "I am really excited about Nedbank's digital journey....we have built a foundation … Yet another crucial role of a CEO is to make sure you have the right people in your team and that they are on the right seats. This gives you an opportunity to meet their global chief executives. The minister today didn’t seem to like the criticism that the business community gave, saying things are taken too long. He is the Co-Founder and CEO of Leadership Platform. The world is changing fast and to keep up you need local knowledge with global context. Mike Brown CEO at Nedbank Group Johannesburg Area, South Africa 500+ connections Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg. HAVE YOUR SAY. At the time of the possible deal they were clear about their strategy, but believed with HSBC the vision could be accelerated. Bei Nedbank hat Mike Brown 24 Kollegen einschließlich Vassi Naidoo (Chairman of the … Usually we meet with their representatives in Africa. So there were no real surprises. Email: info@leadershipplatform.com. He was placed in the financial services division to eventually audit banks, which resulted in a job offer from NBS bank in the early 90’s. The Nedbank board of directors is among the most representative in the South African banking sector. He is currently Chair of the Banking Association SA and Deputy Chair of Business Leadership South Africa. I am sure that when we do see it, what he has said will become evident. 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. Mike Brown, CEO of Nedbank, comes from a family of 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. UPDATE: Johann Rupert denies jumping the vaccine…, © 2021 BizNews, Inc. | The Rational Perspective. The key strategic imperatives for a chief executive of any bank is to make sure that you balance the investment that you have in your channels. He had significant experience and exposure to banking in general and Nedbank in particular. © 2015 Leadership Platform. If you had to walk into a room and the CEO of Goldman Sachs, Lloyd Blankfein, is in … Davos for me is an amazing networking opportunity. His father, grandfather and an uncle were bankers. 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.”. Location: Johannesburg, Gauteng, South Africa: Work: System Integrity Analyst @ Nedbank Procurement and Accounts Payable System Support @ Nedbank Mis Analyst @ Nedbank Education: 1984 1987 Bachelor of Commerce in Accounting @ University Of Kwazulu - Natal Skills: Management, Business … Mike was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. Measurement, monitoring and tracking is very important in any organisation according to Brown. – Linda van Tilburg . I’m talking to Mike Brown the chief executive of Nedbank. Join our mailing list to receive top business news every weekday morning. Academic Qualifications: BCom, DipAcc, CA (SA), CD (SA), AMP (Harvard, USA) Responding to this Nedbank CEO Mike Brown said there are good starting points but what business wants to see is delivery, such as Mboweni’s strategic plan from Eskom, which will give more certainty. So for example, it’s great that we’ve got a new chief executive at Eskom but what we actually want to see is his strategic plan for Eskom emerge, which gives business more certainty as to the availability and price of electricity going forward. Tito’s blue print to create 1m jobs, fix SA economy. Livestream and podcasts Our directors are highly experienced, with diverse skills that cut across industry sectors, disciplines, expertise and experience. On fees, Africa strategy, life away from the office, concerns and advice to young people. 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. Mike Brown, Nedbank Ltd. chief executive officer, discusses the state of the South African economy and banking system with Bloomberg's Guy Johnson and Vonnie Quinn on "Bloomberg Markets." The minister speaks about the necessity for fiscal discipline and refers to the budget, so we want to see the budget. There are these nimble new digital banks and big tech is also doing banking. 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. Nedbank‘s CEO Mike Brown joined Alec Hogg on CNBC Africa’s Power Lunch to chat about Nedbank’s interim results, as well as his stewardship of Nedbank in the future. These are modeled or imitated by the rest of the staff. On Captains of Industry ABN's Bronwyn Nielsen speaks to Mike Brown the CEO of Nedbank. Angry SAs speak: The alcohol ban is economic murder! Yeah, it’s an incredibly competitive environment. HILTON TARRANT: Mike Brown is the chief executive of the Nedbank Group. Crucial to the journey are the values that the leadership team truly live by and the behaviours that they portray. Not that men can’t be that way […], From being branded a troublemaker after only five months at university as an Engineering student to selling PD Naidoo & Associates to a global engineering group – this may very well be an exemplary story of leadership, entrepreneurialism, endurance, commitment, investing in Africa and all attributes needed to succeed in life. Other ways of measuring the health of their internal culture also confirms the suggested improvement, again giving them different lenses through which to measure culture improvement. 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 … Mboweni also questioned whether the “business confidence forms” were actually being filled in by the Chief Executive Officers of the companies or by their staff. NASTASSIA ARENDSE: Today I am joined by Nedbank CEO in our Wednesday Conversation. Email Adriaan on adriaan@leadershipplatform.com for more on creating “Leadership Fit” leaders that generate successful movement (performance) inside your organisation. 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 … Nedbank has published its integrated annual report for 2018, showing how much its executives were paid – including CEO, Mike Brown. Mike Brown, CEO Nedbank: Brilliant CFOs are persuasive. It’s a very difficult environment for our customers. Non-executive Deputy Chairman Mike Brown is the Chief Executive Officer of Nedbank since March 2010. 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