We have moved too slowly – in particular this last year – and I think what he’s saying is that government is looking to accelerate this year and we hope that they do. Yeah. It isn’t actually a place where deals get done – in my experience – but it is a place where the relationships that are needed for deals to get done can be cemented. 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. As he sees it another critical function of the CEO is to focus on creating a “values driven” culture and organisation. His entrance into banking, though fairly coincidental, was probably evident. 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. Our channels would be a branch channel, an Internet channel, a mobile channel and a call centre channel. Eskom: Energy expert warns of electricity catastrophe in SA, Herman Mashaba: Finding jobs for thousands of…, South Africans have a constitutional right to take…. Mike Brown CEO | Nedbank . For the 2012 financial year, Nedbank CEO Mike Brown was awarded total remuneration of R28.747 million, 10% higher than R26.14 million in 2011. Now that Brown has been in the hot seat for almost three years, what has he learnt, discovered or been surprised at? All those things that have to do with what it feels like around here, which is all about values, behaviour and culture – if this is not right it is not going to work for you.”. Angry SAs speak: The alcohol ban is economic murder! 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. 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. Mike was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. © 2015 Leadership Platform. 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. 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. These are modeled or imitated by the rest of the staff. Nedbank CEO, Mike Brown Launches Nedbank App Suite Beta to Staff. And the competition is great. They could well expand more in these areas through acquisition and other means. Is that what you found? All Rights Reserved. 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. This coverage of the global conversation on change is brought to you by BrightRock the first ever needs matched life insurance that changes as your life changes. 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. NASTASSIA ARENDSE: Today I am joined by Nedbank CEO in our Wednesday Conversation. 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. He is currently Chair of the Banking Association SA and Deputy Chair of Business Leadership South Africa. South Africa is a curious and exciting mix of both developed markets and emerging markets. It’s actually a great environment to be a customer and quite simply the only way that an organisation like Nedbank can compete is to make sure that we also invest consistently in our technology. If you had to walk into a room and the CEO of Goldman Sachs, Lloyd Blankfein, is in … 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. He had exposure to various parts of the operations, had been the CFO for five to six years and the transition from the previous CEO to him was seamless and exemplary to say the least. Nedbank. By subscribing you will be updated with the latest insights and news from us. He is currently Chair of the Banking Association SA and Deputy Chair of Business Leadership South Africa. He feels “the world is in a very difficult place right now, economically, with lots of challenges everywhere. As foreign investors sometimes struggle to separate the different markets, cultures and practices in Africa’s 54 countries we asked Nedbank’s CEO Mike Brown to outline why South African banking is uniquely placed on the continent. HAVE YOUR SAY. 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. A lot has happened since, as Brown explains: “The Nedbank today is a significantly better organisation in all spheres than two or three years ago, whether you look at it from a shareholders performance lens, a staff engagement and values journey lens, a client lens, a regulatory lens or what we do in the community.” Their vision to become Africa’s most admired bank with sustainable long term success is built around these five components – shareholders, staff, clients, regulators and communities. © 2021 BizNews, Inc. | The Rational PerspectiveTerms & ConditionsComments Policy. 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. – Linda van Tilburg . Nedbank is known for their strong emphasis on values, a journey that resumed almost eight years ago, and that internally is branded as “leading for deep green”. This gives you an opportunity to meet their global chief executives. Of course they intend to execute on this. (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. Adriaan, as an accomplished author and leadership advisor, has been interviewing and working with top leaders for more than 15 years. He had significant experience and exposure to banking in general and Nedbank in particular. 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. It’s a very difficult environment for our customers. Actually, what we’ve discovered in the last two years, is that the damage done to our economy over the last 10 years is greater than many of us thought and that means that the turnaround is going to be slower. And this is a universal truth that all great leaders understand. 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. 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. "The best CFOs are intellectually persuasive without being arrogant," says Nedbank CEO Mike Brown, a former Chief Financial Officer himself. Business Leadership South Africa Category: on Air Business community gave, saying things are taken too.! Rest of the banking Association SA and Deputy Chair of Business Leadership South.... 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