Edition:
India

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

3,911.00ZAc
18 Sep 2020
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Summary

Name Age Since Current Position

William Jardine

53 2018 Independent Non-Executive Chairman

Alan Pullinger

53 2018 Chief Executive Officer, Executive Director

Hetash Kellan

47 2014 Financial Director, Executive Director

Mary Vilakazi

42 2018 Chief Operating Officer, Executive Director

Gert Kruger

2020 Group Chief Risk Officer

Carnita Low

2014 Company Secretary

Johan Burger

60 2018 Non-Executive Director

Francois Knoetze

56 2016 Non-Executive Director

Mary Bomela

46 2019 Independent Non-Executive Director

Grant Gelink

70 2013 Independent Non-Executive Director

Russell Loubser

69 2014 Independent Non-Executive Director

Paballo Makosholo

40 2019 Independent Non-Executive Director

Thandie Mashego

41 2019 Independent Non-Executive Director

Amanda Nzimande

49 2017 Independent Non-Executive Director

Zelda Roscherr

45 2020 Non-Executive Independent Director

Louis Leon Von Zeuner

58 2019 Independent Non-Executive Director

Thomas Winterboer

63 2018 Independent Non-Executive Director

Biographies

Name Description

William Jardine

Mr. William Rodger Jardine serves as Independent Non-Executive Chairman of the Company. Mr. Jardine served on the FirstRand Board as a non-executive director for 8 years. He was a member of the Risk, Capital and Compliance Committee, the Large Exposures Committee and Chaired the Nominations Committee and Directors Affairs and Governance Committee. Jardine is a past CEO of 3 South African companys: Kagiso Media, the Aveng Group, and Primedia. He has been a director of several companies in diverse industries including steel, retail, manufacturing, IT services, mining services, and infrastructure development. Before embarking on his career in the private sector almost 20 years ago, Jardine worked in the arena of science and technology policy. In 1992, he became the National Coordinator of Science and Technology policy for the African National Congress (ANC). In 1995, Jardine was appointed Director-General of the Department of Arts, Culture, Science and Technology. He also served as Chairman of the Council for Scientific and Industrial Research (CSIR) and the Chairman of the Nuclear Energy Corporation of South Africa (NECSA). Jardine studied physics and obtained a Bachelor of Science (BSc) degree from Haverford College in 1989 in Pennsylvania (USA), and a Master of Science (MSc) in Radiological Physics from Wayne State University in 1991 in Michigan (USA).

Alan Pullinger

Mr. Alan Patrick Pullinger serves as Chief Executive Officer, Executive Director of the Company. Mr. Alan graduated from the University of the Witwatersrand in 1991 and qualified as a chartered accountant after serving articles at Deloitte & Touche. He spent five years with Deloitte & Touche and was appointed to the partnership in 1996. He joined Rand Merchant Bank in 1998 (prior to the creation of FirstRand Limited) and was appointed as CEO in 2008 until his promotion to deputy CEO of FirstRand on 1 October 2015. Alan has since been appointed as CEO with effect from 1 April 2018.

Hetash Kellan

Mr. Hetash Surendrakumar Kellan serves as Financial Director, Executive Director of the Company. Harry started his career with the FirstRand group in 2005 at FNB as group financial manager. He was appointed CFO of FNB in 2007, a position he held until his appointment to FirstRand as financial director in January 2014. Prior to joining FirstRand, Harry completed his articles with Arthur Andersen and qualified as a chartered accountant in 1998 after graduating from the University of the Witwatersrand in 1994. After completing his articles, he specialised in financial services at Arthur Andersen from June 1998 to August 2000, including a year at the London office. He then joined HSBC South Africa in September 2000 where he held the position of associate director in corporate finance.

Mary Vilakazi

Ms. Mary Vilakazi serves as Chief Operating Officer, Executive Director of the Company. Ms. Mary graduated from the University of the Witwatersrand in 1999 and qualified as a chartered accountant (2002) after serving articles at PricewaterhouseCoopers Inc. from 2000. Mary was admitted as a partner in 2005 in the Financial Services audit practice, specialising in Insurance and Investment management companies. After leaving the auditing profession in 2008, Mary took up the position of CFO of the MS Group. She became a non-executive director of Metropolitan Holdings Board from 2009 before the merger with Momentum and thereafter a non-executive director of MMI Holdings board in 2010. She administered her own accounting, tax and advisory business from 2011 to 2014 and served on the boards of several entities, including MS Group subsidiaries, Kagiso Media Limited, Holdsport Limited and Development Bank of South Africa (DBSA) as well as MMI Holdings Limited. Mary joined MMI Holdings in May 2014 as CEO of Balance Sheet Management and became the group finance director in July 2015. She was then appointed as the deputy chief executive officer in June 2017 where she was responsible for Metropolitan and Momentum retail businesses. In 2016, Mary was nominated at the World Economic Forum as a “Young Global Leader”.

Gert Kruger

Mr. Gert Kruger has been appointed as Group Chief Risk Officer of the Company effective 7/1/2020. Mr Kruger has been with the group for 16 years, most recently as the CRO at RMB. He has extensive experience managing all risk classes including credit, market, investment and operational risk. Prior to joining RMB, Mr Kruger was instrumental in building the group´s credit risk framework for retail, commercial and corporate lending, which was implemented post the global financial crisis. This deep understanding of group-wide frameworks, places Mr Kruger in a unique position to provide greater portfolio oversight and ensure alignment of the second line of defence to FirstRand´s integrated financial services strategy and operating model. The CROs of the underlying businesses will report directly to Mr Kruger. Mr Jaco Grobler has been appointed CRO for FirstRand Bank and remains head of group enterprise risk management, also reporting to Mr Kruger. Mr Grobler´s new role ensures that key banking risks, and the governance of those risks, particularly cybersecurity, environmental and social risk, and IT risk, have dedicated, senior ownership.

Carnita Low

Ms. Carnita Low serves as Company Secretary of the Company. She was appointed as FirstRand Limited’s company secretary in January 2014. She holds BA LLB, LLM – Tax, MBA.

Johan Burger

Mr. Johan Petrus Burger serves as Non-Executive Director of the Company. Mr. Johan joined Rand Merchant Bank in 1986, where he performed a number of roles before being appointed financial director in 1995. Following the formation of FirstRand Limited in 1998, he was appointed financial director of the FirstRand banking group and in 2002 was appointed CFO of the FirstRand group. In addition to his role as group CFO, Johan was appointed as group COO in 2009 and deputy CEO in October 2013. He was appointed as CEO in October 2015. Johan retired as CEO with effect from 31 March 2018. He remained as an executive director until 31 August 2018 and became a non-executive director on 1 September 2018. Prior to joining FirstRand, Johan completed his articles with Coopers & Lybrand (now PwC) and qualified as a chartered accountant in 1984.Johan graduated from University of Johannesburg (formerly RAU) with a BCom (Hons) (Accounting) in 1983.

Francois Knoetze

Mr. Francois Knoetze serves as Non-Executive Director of the Company. Mr. Faffa graduated from the University of Stellenbosch in 1984 and became a fellow of the Actuarial Society of South Africa and the Institute of Actuaries in 1992. After starting his actuarial career at Sanlam as a marketing actuary in the life business, he spent most of his working career at Alexander Forbes, where he was the valuator and consulting actuary to a number of pension and provident funds. He joined Remgro in December 2013 and focuses on the company's interests in the financial services (insurance and banking) and sport industries.

Mary Bomela

Ms. Mary Sinah Bomela serves as Independent Non-Executive Director of the Company. Ms. Mary was appointed to the position of CEO of the Mineworkers Investment Company Proprietary Limited (MIC) in July 2010 and was appointed to the board in September 2011. Prior to joining the MIC, Mary was the CFO of Freight Dynamics and an executive in the corporate services division of the South African Institute of Chartered Accountants. She has held executive positions in the resources, media, utilities and financial services sector.

Grant Gelink

Mr. Grant Glenn Gelink serves as Independent Non-Executive Director of the Company. Mr. Grant has had extensive work experience within Deloitte South Africa, which includes the following positions spanning over 26 years – CEO (2006 to 2012), CEO: human capital corporation (2004 to 2006), managing partner: consulting and advisory services (2001 to 2006) and partner in charge Pretoria office (1997 to 1999).

Russell Loubser

Mr. Russell Mark Loubser serves as Independent Non-Executive Director of the Company. Mr. Russell was the CEO of the Johannesburg Stock Exchange (JSE) from January 1997 until December 2011. During his tenure, he conceptualised the demutualisation of the JSE, and it was converted into a public company in 2005 and listed in 2006. Prior to being appointed to the JSE, Russell was executive director of financial markets at Rand Merchant Bank Limited (RMB), which he joined in May 1985. He was part of the small team at RMB that started the stock index derivatives industry in SA in 1987. He was also a member of the King Committee on Corporate Governance for 15 years, a member of the Securities Regulation Panel of SA for 15 years and served on the board of directors of the World Federation of Exchanges (WFE) for approximately 13 years. Russell has also served as a council member of the University of Pretoria since 2007.

Paballo Makosholo

Mr. Paballo Joel Makosholo serves as Independent Non-Executive Director of the Company. Mr. Paballo qualified as a chartered accountant after serving articles at KPMG. He spent time in the audit and corporate finance division, and thereafter one year with Rothschild Investment Bank as an executive. He joined Kagiso Trust in 2006 and was appointed chief financial and investment executive, a position he held for ten years. Paballo was responsible for overseeing all investments of the Trust which included FirstRand and Kagiso Tiso Holdings (KTH). He is currently the Chairman of KTH’s Investment Committee and is working as chief operations officer at Kagiso Capital.

Thandie Mashego

Ms. Thandie Sylvia Mashego serves as Independent Non-Executive Director of the Company. Ms. Thandie has over 16 years of experience in corporate finance and investment management, risk management and financial management. She currently serves as the CFO of WDB Investment Holdings, responsible for the overall financial and risk management of the group. She is also involved in transaction execution and investment monitoring. Prior to joining WDB Investment Holdings, Thandie spent two years as group CFO of Vantage Capital Group, a private equity fund manager. She also spent 11 years at the Industrial Development Corporation (IDC) in various roles, where she led a number of project and corporate finance transactions. In her last five years at the IDC, Thandie was responsible for the management of IDC’s private equity and loan investment portfolio in several sectors. She qualified as a chartered accountant in 2003 after completing articles at KPMG and Transnet Group Limited.

Amanda Nzimande

Ms. Amanda Tandiwe Nzimande serves as Independent Non-Executive Director of the Company. Ms. Tandi, a chartered accountant, has had a varied career since qualifying at KPMG in 1996. She worked as a corporate finance advisor at Deutsche Bank for five years, following which she acquired and ran a small business in the postal and courier industry for four years. During that period, she also consulted to WDB Investment Holdings, which she eventually joined as its chief financial officer, a position she vacated in May 2016. Her past board memberships include OUTsurance, Rennies Travel and Masana Fuel Solutions. Tandi has recently launched her own business focused on executive coaching. Tandi is a fellow of the Africa Leadership Initiative. She is also a member of the South African Institute of Chartered Accountants, African Women Chartered Accountants as well as the Association of Black Securities and Investment Professional.

Zelda Roscherr

Ms. Zelda Roscherr has been appointed as Non-Executive Independent Director of the Company effective 4/1/2020. She has previously served as an independent specialist advisor to FirstRand on various committees.

Louis Leon Von Zeuner

Mr. Louis Leon Von Zeuner serves as Independent Non-Executive Director of the Company. Mr Louis has spent the greater part of his professional career in the banking industry and has more than 30 years extensive experience in the financial services sector including a diverse portfolio of other business sectors ranging from industrial, telecommunications, agriculture, sport and non-profit organisations. His exposure to banking and insurance keeps him close to the fast changing regulatory landscape with a key focus on governance matters aside from strategy, profitability, sustainability and risk management. His involvement in the turnaround of Telkom and the events of African Bank during and after his curatorship has provided him with the opportunity to play an instrumental role in management’s key decisions. Leon plays a leadership role in the activities of various organisations and contributes to business development and growth.

Thomas Winterboer

Mr. Thomas Winterboer serves as Independent Non-Executive Director of the Company. Mr. Tom joined Price Waterhouse in 1978 and left the firm after completion of his training contract in 1981 to join an investment bank. He re-joined the firm in 1982 and completed a two-year secondment in PW’s London offices from 1986 to 1988 as a senior manager, serving clients in the financial services industry, and a variety of other industries. He was admitted to partnership in 1989. Tom was appointed as the firm’s Banking Leader since 1996 and later became financial services leader for PwC Africa where he was a member of the PwC Global Financial Services Leadership team. Tom developed and launched various banking and other financial services thought leadership material since 1996. He led services in assurance and advisory for the big four South African banks, foreign and smaller SA banks and for clients in many other industries. In August 2014, Tom was appointed as the curator for African Bank. The new African Bank was successfully launched in April 2016, after which he continued his work as curator for Residual Debt Services Limited (previously African Bank Limited) until March 2018.

Basic Compensation

Name Fiscal Year Total

William Jardine

6,578,000

Alan Pullinger

41,265,000

Hetash Kellan

24,719,000

Mary Vilakazi

24,000,000

Gert Kruger

--

Carnita Low

--

Johan Burger

19,459,000

Francois Knoetze

2,490,000

Mary Bomela

1,075,000

Grant Gelink

4,153,000

Russell Loubser

4,794,000

Paballo Makosholo

1,800,000

Thandie Mashego

1,080,000

Amanda Nzimande

1,285,000

Zelda Roscherr

--

Louis Leon Von Zeuner

539,000

Thomas Winterboer

1,451,000
As Of  30 Jun 2019