Mr. Daniel Mminele

Chair of the Board of Directors of the Nedbank Group in South Africa

Independent Chairperson, South African

Qualifications: Associate Certificates of the Chartered Institute of Bankers (London) in association with City Polytechnic of London/Guildhall University, German Banking Diploma (Bankkaufmann) from Sparkasse Paderborn, the Chamber of Industry and Commerce in Bielefeld (Germany).
Expertise in banking and financial services.
Experience in climate finance, macroeconomic and public policy, HR, marketing, business strategy and strategic planning, corporate governance and stakeholder management, climate change and banking and financial services.

Daniel was appointed to the boards of Nedbank Group Limited and Nedbank Limited as an independent non-executive director on 1 May 2023, and as Chairperson on 2 June 2023. He was also appointed to the board of the Youth Employment Service (RF) NPC as a non-executive Director on 1 November 2023. He was Chair of Alexander Forbes Group Holdings Limited and Alexander Forbes Investments Limited, a former Chief Executive of ABSA Group and ABSA Bank Limited, and served two 5-year terms as Deputy Governor of the South African Reserve Bank (SARB) where his responsibilities during his second term included Financial Markets, International Economic Relations and Policy, as well as the Human and Operations Cluster. His committee memberships included the Governors’ Executive Committee, the Monetary Policy Committee, Financial Stability Committee, Risk Management Committee and the Prudential Committee. Before joining the SARB in September 1999, Daniel worked for African Merchant Bank and Commerzbank in South Africa, and WestLB in the UK and Germany for 12 years in Corporate Credit Risk Analysis, Project Finance and Structured Finance.

Daniel also served for the most part of 2022 as Head: Presidential Climate Finance Task Team where he led and coordinated the work to give effect to the Just Energy Transition Partnership, as well as the development of the Just Energy Transition Investment Plan, which was launched in November 2022.