Appointed: January 2015

Qualifications: BA (Hons), Strategic Management in Banking (Insead), AMP (Harvard, USA).

Expertise in retail and investment banking, other financial services, human resources, marketing, business strategy and strategic planning, and macroeconomic and public policy.

Experience in doing business in emerging economies, large corporates, corporate governance and stakeholder management, innovation and digital, IT and cyberresilience, mining, energy, resources and infrastructure, climate change, risk management, and transformational change in the target operating model.

Nationality: South African

Mfundo was appointed as the chief operating officer in January 2015. He joined the group as the head of Nedbank Africa in 2004 and became the head of Nedbank Corporate Banking in 2005. He became a member of the Group Executive Committee in 2008 and managing executive of Nedbank Corporate in 2009, delivering strong and consistent performance in the business. He was appointed to the boards of Nedbank Limited and Nedbank Group Limited on 1 January 2015. He also serves on the board of Ecobank Transnational Incorporated, in which Nedbank holds a 21,2% interest. As a member of the Group Executive Committee, Mfundo is closely involved in the oversight of business strategies across Nedbank and is responsible for leading and delivering changes to the target operating model. Before joining Nedbank, Mfundo was the executive responsible for strategy, revenue and economic analysis at the South African Revenue Service and chief director of the Department of Trade and Industry (as it was called then), where he was responsible for Africa and the Middle East, as well as for the development and coordination of the economic strategy for the New Partnership for Africa's Development (Nepad).

Board committees:

Member: Group Credit Committee.

Holds 328 863 Nedbank Group Limited ordinary shares.