Nedbank appoints exco member Mike Davis as new CFO


Nedbank CFO Raisibe Morathi has resigned from banking group Nedbank after more than a decade in the position.

Morathi, who was appointed in September 2009, will be replaced by group executive of balance sheet management Mike Davis with effect from the beginning of October.

Davis, was appointed to the Nedbank executive committee in January 2015. He has industry-wide experience in finance, asset and liability management and capital management, having worked in financial services for over 20 years, Nedbank said.

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