Nedbank group announces Errol Kruger to its Board as upcoming Independent Non-Executive Director

– UK, London – Nedbank Group and Nedbank are pleased to announce the appointment of Mr Errol Melville Kruger as an independent non-executive director of the Companies with effect from 1 August 2016.

Mr Kruger, aged 59, has extensive regulatory, banking and financial services experience. From September 2003 to July 2011 Mr Kruger was the Registrar of Banks at the South African Reserve Bank (SARB), having been with the SARB from July 1978 until July 2011. As the Registrar of Banks, he represented South Africa as a full member of the Basel Committee on Banking Supervision from 2009 to 2011 and he successfully project managed South Africa’s early adoption, and full implementation, of both the revised 25 Basel Core Principles for Effective Banking Supervision as well as Basel II. Mr Kruger was appointed Managing Director of Supervision and Authorisation at the Qatar Financial Centre Regulatory Authority on 1 August 2011 whereafter he was also appointed by the Board of the Qatar Central Bank to serve on Qatar’s Financial Stability and Risk Control Committee. He will relinquish his role at the Qatar Financial Centre Regulatory Authority on 31 July 2016.

Mr Vassi Naidoo, Nedbank Group Chairman, extended a warm welcome to Mr Kruger and said: “The Nedbank Group Board looks forward to working with Mr Kruger. His vast knowledge of banking, and his experience in implementing international world-class regulatory frameworks will be of benefit to the Nedbank Group.”

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