CEO of FNB Commercial, reporting into Harry Kellan the CEO of FNB
Responsibility for running the Commercial Bank, with an employee base of over 7,000 people and annual pretax profits of R15bn
The role has oversight of the Business and Enterprise sub-segments:
Business Banking (businesses with turnovers of R0-R60m)
Enterprise Banking (larger business with turnovers >R60m)
The role also includes accountability and oversight of a variety of business units which cover Lending, Transactional Banking, Cash Investments, Insurance, As well as the Niche operations which service Islamic Banking and Agriculture
Committee memberships: Numerous committee memberships across FNB and the broader FirstRand Group
Member of the FNB EXCO
Audit Committee member and Board Member for the FNB Life and Short Term Insurance Businesses (resigned 2022)
Trustee of Vumela Trust (resigned 2023)
Board member of Endeavor SA a PBO established to support entrepreneurs in growth industries
FNB: CFO Executive Finance and Support
FNB a division of FirstRand Bank Ltd
01.2014 - 01.2020
CFO responsible for the coordination of the finance function across FNB
Responsibility for the Finance Platform strategy for FNB
Direct influence over iFinance (old Central Finance), FBS, Central Finance, Financial Operations, Group Procurement, ERP Technology, Portfolio Risk Management - PRM, Financial Resource Management - FRM, Building Management Services – BMS
Coordination of the Support Segment of FNB
Committee memberships: Numerous committee memberships across FNB and the broader FirstRand Group, including Group ALCCO and Group FRM
Member of the FNB EXCO
Audit Committee member and Board Member for the FNB Life and Short Term Insurance Businesses
Trustee of Vumela Trust
Head of Financial Services
RMB a division of FirstRand Bank Ltd
03.2010 - 12.2013
Head of Financial Services with line accountability for approximately 70 people covering:
Procurement and accounts payable
Cost Management of the functional areas cost base
Statutory and regulatory accounting
Strategic performance management
Technical Accounting
Finance Operations (centralised recently to Business Technology)
Ownership of RMB Financial metrics and associated reporting to Divisional and Prop Board
Management of relationship with Group Finance and Investor relations at FirstRand
Accountability for various ad hoc projects covering cost, capital, performance and efficiency
Business ownership of the finance transformation project (RADA)
Committee memberships: Chairman of RMB CapManco, Member of RMB Finance Leadership Board, Member of RMB Operations Board, RMB Representative on Group CFO Forum
Divisional Director: Special Projects
Liberty Holdings
03.2009 - 01.2010
Joined Liberty with a view to driving consolidation of investment operations at Stanlib and Liberty
Ownership of PMO with accountability for strategic projects including:
Implementation of unit pricing engine
Fast-close initiative for year-end (10 days saved in year-end process)
Market risk engine for LIBFIN
Drafting of credit and market risk policy
Driving operational efficiency in finance processes
Various as listed below
Nedbank Limited – Nedbank Capital
01.2003 - 02.2009
February 2005 – February 2009: Head Basel II and Risk Projects: Nedbank Capital
Project line accountability for Basel II Market & Credit Risk projects in Investment Bank
Established Financial Lab to support the Basel II implementation
Involvement in AIRB Application, ICAAP roll out, ECAP rollout and associated reporting
Risk Based Budgeting, Implementation of new BA Returns, Liquidity Risk Management and Monitoring
Line accountability for RAPM and Risk Projects, Member Basel II Steering Committee, Member Market Risk Steering Committee, Ran CFD business during the Global Financial Crisis
January 2004 – February 2005: Head: Operations Nedbank Capital
Functional responsibility for Treasury Operations, Middle Office, Compliance and Statutory Reporting
Involvement in a variety of initiatives to position the Treasury Operations environment for the future
January 2003 – December 2003: Head: Finance and Operations
Significant involvement in the Nedbank / BOE / NIB merger and associated restructuring of Treasury Operations
Functional responsibility for Treasury Operations, Information Technology, Trading Credit, Finance function and Statutory Reporting
Responsible for AC 133 Implementation, Member Treasury EXCO
Head: Operations and Finance
BOE Bank – Treasury
01.1998 - 12.2002
Responsible for 60 staff members, covering Domestic, Foreign, Derivatives and Bond Trading activities
Joined the Bank just after the initial merger of NBS-Boland (1997) and took responsibility for all the non-trading activities of the merged treasury
Line accountability for Treasury Information Technology, Finance, Statutory Reporting and Risk
Line accountability for RTGS settlement for the Group, Responsible for the International Business Operations in Paarl and the Information Technology Resources in the Johannesburg Office
Additional functions, such as DI Returns and Treasury Finance were also housed within Treasury
Member – Treasury Exco and Treasury Credit Committee
Member – Executive Credit Committee
Direct involvement in the debt restructuring at McCarthy Retail, and involvement in the RAG and Siltek liquidations
During the period, implementation of appropriate risk methodologies and daily, monthly and quarterly reporting
Key Achievements: Deployment of systems, Money market (OPICS), RTGS payments (Payplus and messageway), Oberon, numerous FX upgrades for Trading and BOP reporting purposes
Full Disaster Recovery environment and effective Business Continuity Process
Creation of Daily Management Information
Established Daily Risk Reporting
Detailed grasp of internal mechanics of the Bank: across functions, systems and geographies
Direct involvement in the management of Bank liquidity crisis in early 2002
External Roles: Director of Bankserv, Chairman – High Value Electronic Credit PSA, Member – PASA Council
Various as listed below
ABSA Bank Limited
01.1995 - 12.1998
1996 – 1998: Head: Treasury Operations
Assumed responsibility for 130 staff across the full Treasury Operations function (Nostro, Domestic Operations, Trading, MIS, Derivatives and International areas)
Member of Treasury and International MANCO, Member Risk Committee
Participated in numerous system roll-outs: Devon, Oberon, RTGS – Planning, Cash Management
External Roles: Chairman – Treasury Operations Forum of South Africa, Chairman – High Value Electronic Credit – PSA, Member – Financial Markets Forum
1995: Head: Treasury MIS
Ran a department of 20 staff with functions covering daily MIS (margin analysis and profitability), DI returns for Treasury, all data processing, SARB clearing, sub-system to ledger reconciliation, monthly budgeting and financial review
First real experience of people management in a corporate environment
1995: Consultant Group Finance
This position focused on ad-hoc problem solving in the Treasury Finance environment
Specific assignments covered internal swap transactions and accounting, DI returns construction and all the creation of the daily P and L system
Article Clerk
KPMG
01.1991 - 12.1994
Key assignments included audits of Domestic and International Treasury operations at Standard Bank and ABSA
Forensic work at ABSA as well as ad-hoc assignment work in a variety of areas
Education
Bachelor of Accounting Honours - Accounting IV, Management Accounting II, Auditing II
University of Witwatersrand
01.1992
Bachelor of Commerce - Economics, Business Economics, Accounting
University of Witwatersrand
01.1991
Matric -
Witbank High School
01.1987
Worknumber
087 311 7304
Demographic
White / Male
Married
True
Hobbies and Interests
Reading
Cycling
Golf
Running
Languages
English
Afrikaans
Children
Matthew, 27
Thomas, 23
Cellnumber
082 412 7359
Personal Information
ID Number: 700329 5084 088
Nationality: South African
Timeline
CEO : FNB Commercial
FNB a division of FirstRand Bank Ltd
01.2020 - Current
FNB: CFO Executive Finance and Support
FNB a division of FirstRand Bank Ltd
01.2014 - 01.2020
Head of Financial Services
RMB a division of FirstRand Bank Ltd
03.2010 - 12.2013
Divisional Director: Special Projects
Liberty Holdings
03.2009 - 01.2010
Various as listed below
Nedbank Limited – Nedbank Capital
01.2003 - 02.2009
Head: Operations and Finance
BOE Bank – Treasury
01.1998 - 12.2002
Various as listed below
ABSA Bank Limited
01.1995 - 12.1998
Article Clerk
KPMG
01.1991 - 12.1994
Bachelor of Accounting Honours - Accounting IV, Management Accounting II, Auditing II
University of Witwatersrand
Bachelor of Commerce - Economics, Business Economics, Accounting
Private Banking Adviser at FNB Private Clients - Division of First Rand GroupPrivate Banking Adviser at FNB Private Clients - Division of First Rand Group