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annual financial statements - Nedbank Group Limited

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8<br />

NEDNAMIBIA HOLDINGS LIMItED ANNUAL REPORt 2010<br />

eXecutiVe committee<br />

erastus Hoveka<br />

Managing Director<br />

george goldridge<br />

Executive: Shared Services<br />

grant marais<br />

Executive: Head of Sales<br />

neville beckmann<br />

Executive: treasury<br />

erastus, who qualified as a certified public Accountant and attained his mBA (distinction)<br />

in the united states, served as chief <strong>financial</strong> officer at the development Bank of namibia<br />

before his appointment as deputy managing director and then managing director of<br />

nedbank namibia. He currently serves in noteworthy capacities in the Housing trust of<br />

namibia, government institutions pension fund (gipf) and the international federation<br />

of the red cross & red crescent societies, among others.<br />

george has close to 20 years’ experience in the banking industry with in-depth<br />

understanding of nedbank’s operations in Africa, having headed the technology and<br />

support services divisions of nedbank swaziland and the operations division of nedbank<br />

lesotho, before joining nedbank namibia in december 2006. His mandate is to establish<br />

and manage a shared services model for the Bank, which includes centralised operations,<br />

technology and electronic banking.<br />

grant’s career over the past 30 years has included responsibilities as deputy managing<br />

director of standard Bank namibia and executive director at stanbic Botswana. A B.com<br />

graduate, he is a certified Associate of the institute of Bankers in sA, and has experience<br />

across bancassurance, treasury management, corporate, business and retail banking,<br />

custody and trusteeship, asset and liability management and foreign exchange. grant<br />

drives nedbank’s sales activities across Business and corporate Banking, global trade,<br />

retail Banking, which includes bancassurance, micro-lending, branch network and private<br />

Banking.<br />

neville oversees nedbank namibia’s treasury activities, supporting the sales team to<br />

optimise financing solutions for clients. in a 23-year career, neville has distinguished<br />

himself in treasury management, structured and project finance, asset and liability<br />

management, custodial and trusteeship and foreign exchange. A certified Associate of<br />

the institute of Bankers in sA and a B.com (unisA) graduate, he was instrumental in<br />

nampower’s expansion drive and also in namibia’s largest corporate bond issue.

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