Share

Nedbank winning over Jason Quinn wasn't revenge on Absa, says Mike Brown

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Outgoing Nedbank CEO Mike Brown. (Gallo Images/Freddie Mavunda)
Outgoing Nedbank CEO Mike Brown. (Gallo Images/Freddie Mavunda)

Mike Brown, Nedbank's outgoing CEO, says the hiring of Absa finance director Jason Quinn as his replacement was not orchestrated by chair Daniel Mminele as revenge against his former employer.

"It's absolutely not Daniel getting back at Absa in any way," Brown told News24 ahead of his pending retirement at the end of May after more than 30 years' service.

Mminele, who was Absa's first black CEO, left the lender in April 2021, less than 16 months into the role, over differences with its board on strategy. This resulted in Absa copping harsh criticism in some quarters over its commitment to transformation, including from the Public Investment Corporation (PIC) and the Association of Black Securities and Investment Professionals (ABSIP).

Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
heading
description
username
Show Comments ()
Rand - Dollar
18.62
+0.9%
Rand - Pound
23.32
+0.7%
Rand - Euro
19.95
+0.5%
Rand - Aus dollar
12.14
+0.3%
Rand - Yen
0.12
-1.3%
Platinum
963.20
+1.8%
Palladium
955.50
-0.2%
Gold
2,318.80
+1.4%
Silver
26.67
+1.5%
Brent Crude
86.33
-1.0%
Top 40
69,925
-0.7%
All Share
76,076
-0.5%
Resource 10
61,271
-4.5%
Industrial 25
105,022
+0.4%
Financial 15
16,591
+1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders