Nedbank Group names Absa’s former finance director as CEO-designate

(Reuters) – South Africa’s Nedbank Group on Wednesday appointed Jason Quinn, former finance director at peer Absa Group, as the chief executive-designate of the group and bank.

Quinn, 49, stepped down from his role at Absa Group and bank earlier in the day, after spending 15 years with the lender. He will join Nedbank in May next year.

Quinn will succeed company veteran Mike Brown, who in June had announced his intention to step down from the CEO’s role — a position he held since 2010.

At Absa, Chris Snyman will become interim finance director with immediate effect.

(Reporting by Prerna Bedi in Bengaluru; Editing by Shilpi Majumdar)