Michael Brown

Nedbank , CEO

Mike Brown is Chief Executive of Nedbank Group Limited and Nedbank Limited. He was previously the Chief Financial Officer of Nedbank Group Limited and Nedbank Limited. Prior to that he headed Property Finance at Nedbank and before that he was an Executive Director of BoE Limited.

Brief Career History:

After attending St John’s College (Harare) and completing schooling at Maritzburg College, Mike graduated from Natal University (Pietermaritzburg) in 1987 where he received the Jack Armstrong award as the best final year student. Post having passed his final qualifying examinations as a Chartered Accountant in 1988, Mike completed his articles at Deloitte & Touche (Durban) specialising in financial services where NBS was a major client. After articles, Mike worked for Deloitte & Touche in the USA and then spent a year working in London before returning to Deloitte & Touche Durban as an Audit Manager.

Mike left Deloitte to join NBS Treasury shortly thereafter in the role of Manager: Special Projects. He later moved to NBS Corporate and was instrumental in setting up the Structured Finance and Private Equity divisions within NBS Corporate, which developed into significant profit contributors to the Group.

Mike led the merger of NBS Corporate and the commercial industrial lending division of BoE Private Bank and was appointed as Deputy Managing Director of BoE Corporate and then Managing Director of BoE Corporate as well as a main Board Director of BoE Limited.

Post the merger of BoE and Nedbank in 2002/3 , Mike was appointed to the role of Managing Director: Property & Asset Finance and oversaw the complex four‐way merger of the commercial and industrial property divisions of BoE/Nedbank/NIB and Cape of Good Hope to create the market‐leading Property Finance business in South Africa.
In June 2004, Mike was appointed Chief Financial Officer (CFO) of Nedbank Group and was an integral part of the team under Tom Boardman responsible for the design and execution of the successful turnaround of Nedbank Group. In March 2009, Mike was appointed Chief Executive (CE) designate, to succeed Tom Boardman who retired from the Group in February 2010.

On 1 March 2010, Mike assumed the role of Chief Executive of Nedbank Group Limited and Nedbank Limited. He concluded his two year tenure as Chairman of The Banking Association of South Africa on 25 June 2020 and is currently the Deputy Chairman of Business Leadership South Africa.

In 2020 Mike was awarded the Sunday Times Business Leader of the Year award in South Africa, an award based on the outcome of the votes of the CEOs of the top 100 companies listed on the JSE.