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Johannesburg - Nedbank Group said on Friday
that following the announcement of a new group executive committee (Exco)
structure in August 2009, two remaining appointments have been made
to Exco.
Ciko Thomas, 40, joins the group with effect from 18 January 2010 as
Group Executive: Group Marketing, Communications and Corporate Affairs.
Ciko has wide-ranging marketing and business experience in financial
services, and the consumer goods and motor industries. He joins Nedbank
from Barloworld where he was the Group Marketing Director of the
Automotive Division. Ciko was previously General Manager of Retail
Banking Marketing at Absa Group.
John Bestbier, 54, has been appointed with effect from 1 January 2010
as Group Executive: Strategic Planning. John is an investment banker with
extensive experience in the financial services industry having led a number
of complex transactions on behalf of the group, including the 2004 rights
issue, the disposal of non-core assets, the Imperial Bank transaction
announced last year and the acquisition of the bancassurance joint ventures
from Old Mutual. He has been with the group since 2003 and prior to
that was an executive director at NIB and UAL.
Both of these positions report to the Chief Operating Officer, Graham
Dempster.
- I-Net Bridge