NEDBANK CAPITAl - Nedbank Group Limited

OPERATIONAL REVIEWgroup riskPhilip Wessels has held the position of Chief Risk Officer for NedbankGroup over the past six years. Through Philip’s leadership, together with thecommitment and support from management and staff within the group,Nedbank has become well-recognised and highly regarded for its effective riskmanagement processes and governance principles.Philip Wessels (51)Chief Risk Officer15 years’ serviceBCom, CTA, CA (SA), Diploma inAdvanced Banking Law, Instituteof Stockbrokers124NEDBANK GROUP ANNUAL REPORT 2009Prior to his appointment as Chief Risk Officer in 2004, Philip was a divisionaldirector in Nedbank Business Banking and Nedbank Corporate. In addition,he was an executive director of BoE Limited, Managing Director of BoESecurities, Chief Executive of BoE International (London) and Managing Directorof BoE Bank, Business Banking and Boland Bank between 1995 and 2003. Philipwas also a former partner at Deloitte & Touche between 1989 and 1995.