Nedbank Looks to Investment Banking for Growth Under New CEO [Financial Post (Toronto, Ontario, Canada)]
NEDBANK GROUP LTD S/ADR (NDBKY)
NASDAQ:AMEX Investor Relations:
nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/investor-center/latest-financial-results.html
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — South Africa's Nedbank Group Ltd. is hoping to hire more investment bankers as it seeks to take advantage of a surge of deals in renewable energy, water and logistics in Africa's most developed economy. With the bank's home country in the throes of an electricity crisis and intensifying water shortages, outgoing Chief Executive Officer Mike Brown said the government is increasingly looking to ink public-private-partnerships to adequately address those issues. As a result, Nedbank is hoping to hire more investment bankers and deploy more capital to the business in order to put together such deals, he said in follow up comments to an interview that took place on Monday. Article content Article content The lender's corporate and investment bank has been a bright spot in recent quarters, generating 6.8 billion rand ($370 million) in headline earning
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News
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