Absa execs now running Nedbank: Mminele welcomes former colleague Jason Quinn as CEO

Nedbank has secured a massive coup by luring Jason Quinn away from Absa, where he was group financial director, to become its new chief executive designate.

The 49-year-old Quinn will take over as Nedbank’s chief executive at the close of the bank’s annual general meeting on 31 May 2024 when incumbent Mike Brown retires after 30 years of service with the group. Nedbank said Brown would remain at the group for "a suitable period" after he steps down from its boards to ensure a seamless handover to Quinn.

"I am excited about the opportunity to work with the board, leadership team and colleagues at Nedbank to build on the group’s strong foundations," Quinn said in a statement late on Wednesday. "I have been encouraged by my interactions with the [Nedbank] board, and the leadership culture and purpose statement resonate strongly with me. I intend to build on those and the strategy, with the team, to deliver strong stakeholder value creation."