Edition:
United Kingdom

FirstRand Ltd (FSRJ.J)

FSRJ.J on Johannesburg Stock Exchange

6,067.83ZAc
23 May 2018
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Summary

Name Age Since Current Position

William Jardine

51 2018 Independent Non-Executive Chairman

Alan Pullinger

51 2018 Chief Executive Officer, Executive Director

Hetash Kellan

45 2014 Chief Financial Officer, Finance Director, Executive Director

Johannes Burger

58 2018 Executive Director

Carnita Low

2014 Company Secretary

Mary Bomela

44 2011 Non-Executive Director

Hermanus Bosman

48 2017 Non-Executive Director

Jannie Durand

50 2012 Non-Executive Director

Paul Harris

67

Francois Knoetze

54 2016 Non-Executive Director

Paballo Makosholo

38 2015 Non-Executive Director

Thandie Mashego

39 2017 Non-Executive Director

Grant Gelink

67 2013 Independent Non-Executive Director

Patrick Goss

69

Nolulamo Gwagwa

58 2004 Independent Non-Executive Director

Russell Loubser

67 2014 Non-Executive Independent Director

Ethel Matenge-Sebesho

62 2010 Independent Non-Executive Director

Amanda Nzimande

47 2017 Non-Executive Independent Director

Thomas Winterboer

2018 Independent Non-Executive Director

Biographies

Name Description

William Jardine

Mr. William Rodger (Roger) Jardine was appointed Independent Non-Executive Chairman of Firstrand Limited as of April 1, 2018. He started serving as Independent Non-Executive Director of the Company on July 1, 2010. Roger was national coordinator of science and technology policy in the department of economic planning of the African National Congress from 1992 to 1995. In 1995, he became director general of the Department of Arts, Culture, Science and Technology. He was chairman of the board of the CSIR and the Nuclear Energy Corporation between 1999 and 2005. In 1999, Roger joined Kagiso Media Limited as CEO and in 2006 became the COO of Kagiso Trust Investments. Roger was the CEO of Aveng Limited between July 2008 and August 2013. In February 2014, he took up the position of chief executive of the Primedia Group. He was appointed to the boards of FirstRand Bank during 2004 and FirstRand Limited during 2010. He resigned from the position as Chief Executive Officer of Primedia Holdings (Pty) Ltd and Primedia (Pty) Ltd, effective 31 March 2018.

Alan Pullinger

Mr. Alan Patrick Pullinger MCom, CA(SA), CFA serves as Chief Executive Officer, Executive Director of the Company., effective 1 April 2018. He is no longer Group Deputy Chief Executive Officer of the Company since October 1st, 2015. 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.

Hetash Kellan

Mr. Hetash Surendrakumar Kellan, BCom (Hons), CA(SA) serves as Chief Financial Officer, Finance Director, Executive Director of FirstRand Limited. 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.

Johannes Burger

Mr. Johannes Petrus (Johan) Burger serves as Executive Director of the Company., until 31 August 2018. He is no longer serves as Chief Executive Officer, Executive Director of the Company., effective 31 March 2018. 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. 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.

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.

Mary Bomela

Ms. Mary Sina Bomela, BCom (Hons), CA(SA), MBA, serves as Non-Executive Director of FirstRand Limited. since 24 September 2011. 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.

Hermanus Bosman

Mr. Hermanus Lambertus Bosman BCom, LLB, LLM, CFA serves as Non-Executive Director of the company. Herman was with RMB for 12 years and headed up its corporate ?nance practice between 2000 and 2006. After serving as chief executive of Deutsche Bank South Africa from 2006 to 2013, Herman joined RMB Holdings Limited and Rand Merchant Investment Holdings Limited as the CEO on 2 April 2014.

Jannie Durand

Mr. Jan Jonathan Durand serves as Non-Executive Director of FirstRand Limited. since October 23, 2012. Jannie studied at the University of Stellenbosch and after obtaining his BAcc degree in 1989 and BAcc (Hons) degree in 1990, he obtained his MPhil (Management Studies) degree from Oxford in 1992. He qualified as a chartered accountant in 1995. He joined the Rembrandt Group in 1996. He became financial director of VenFin Limited in 2000 and CEO in May 2006. Jannie was appointed as chief investment officer of Remgro Limited in November 2009 and CEO from 7 May 2012.

Paul Harris

Mr. Paul Kenneth Harris started serving as Non-Executive Director of Firstrand Limited on December 31, 2009 and resignedfrom this position as of April 30, 2018, Paul graduated from Stellenbosch University with a Masters degree in Finance and Economics, and joined the Industrial Development Corporation in 1974. He was a co-founder of Rand Consolidated Investments in 1977, which merged with Rand Merchant Bank (RMB) in 1985, at which time he became an executive director. He spent four years in Australia where he founded Australian Gilt Securities (later to become RMB Australia) and returned to South Africa in 1991 as deputy managing director of RMB. In 1992, he took over as CEO. Subsequent to the formation of FirstRand, he was appointed CEO of FirstRand Bank Holdings in 1999, a position he held until December 2005 when he was appointed CEO of FirstRand. He retired at the end of 2009 and has remained on the boards as a non-executive director. He also stopped serving as Member of the Governance Committee of the Company as of April 30, 2018.

Francois Knoetze

Mr. Francois Knoetze serves as Non-Executive Director of Firstrand Limited. since April 1, 2016. Faffa graduated from the University of Stellenbosch in 1984 and became a fellow of the Actuarial Society of South Africa 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, and carried the overall responsibility for the full service offering of Alexander Forbes to its retirement fund clients in the Stellenbosch region. He joined Remgro on 2 December 2013 and focuses on the company's interests in the financial services (insurance and banking) and sports industries.

Paballo Makosholo

Mr. Paballo Joel Makosholo serves as Non-Executive Director of the Company and FirstRand Bank, since 1 October 2015. Paballo graduated from the University of Johannesburg (formerly RAU) and qualified as a chartered accountant after serving articles at KPMG. He spent three years with KPMG in audit and corporate finance, 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. He is currently chief operations officer at Kagiso Capital.

Thandie Mashego

Ms. Thandie Sylvia Mashego serves as Non-Executive Director of Firstrand Limited since January 1, 2017. Thandie is 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.

Grant Gelink

Mr. Grant Glenn Gelink, BCom (Hons), BCompt (Hons), CA(SA) serves as Independent Non-Executive Director of Firstrand Limited since January 1, 2013. Grant Gelink has had extensive work experience within Deloitte South Africa, which includes the following positions that span 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). He was Member of the Audit Committee of the Company between 2016 and September 1, 2017. He has been Chairman of the Audit Committee of the Company since September 1, 2017. He stopped serving as Chairman of the IT Risk and Governance Committee of the Company as of November 30, 2017. He started serving as Member of the IT Risk and Governance Committee of the Company as of November 30, 2017. He was also appointed Member of the Remuneration Committee of the Company as of December 1, 2017.

Patrick Goss

Mr. Patrick Maguire (Pat) Goss started serving as Lead Independent Non-Executive Director of FirstRand Limited in 2013 and resigned from this position as of April 30, 2018. He also served as Independent Non-Executive Director of the Company between May 27, 1998 and 2013. BEcon (Hons), BAccSc (Hons), CA (SA). Pat, after graduating from Stellenbosch University, served as president of the Association of Economics and Commerce Students, representing South Africa at The Hague and Basel. He qualified as a chartered accountant with Ernst and Young and subsequently joined the Industrial Development Corporation. Most of his active career was spent in food retailing and the hospitality industry. He has served as a director of various group companies for the past 36 years. A former chairman of the Natal Parks Board, his family interests include Umngazi River Bungalows and certain other conservation-related activities. He stopped serving as Member of the Governance Committee, and Chairman of the Remuneration Committee of the Company as of April 30, 2018.

Nolulamo Gwagwa

Dr. Nolulamo Nobambiswano Gwagwa, Ph.D. serves as Independent Non-Executive Director of Firstrand Limited., since February 25, 2004. After studying abroad, Lulu took up a position in 1992 as a senior lecturer at the University of Natal’s Department of Town and Regional Planning. From 1995 to 1998 she became the deputy director general in the national Department of Public Works. During this period, she also served as the presidential appointee on the Commission on Provincial Government and as deputy chair of the Ministerial Advisory Committee on Local Government Transformation. From 1998 until 2003 she was the CEO of the Independent Development Trust. She is currently the CEO of Lereko Investments, a black-owned investment company and the chairperson of Aurecon Africa.

Russell Loubser

Mr. Russell Mark Loubser serves as Non-Executive Independent Director of the Company and its wholly-owned subsidiary, FirstRand Bank Limited, since 5 September 2014. 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.

Ethel Matenge-Sebesho

Ms. Ethel Gothamodimo Matenge-Sebesho, MBA, CAIB serves as Independent Non-Executive Director of Firstrand Limited. Ethel is currently working for Home Finance Guarantors Africa Reinsurance (HFGA Re), whose main objective is to facilitate access to housing finance in the low to medium income market in Africa. Her main role is to drive the establishment of new markets for the company in a number of African countries. Prior to joining HFGA Re, Ethel was head of Housing Institutions at National Housing Finance Corporation, where she was part of a team that introduced social housing in South Africa. She has previously worked for Standard Chartered Bank in Botswana, at which time she obtained the Institute of Bankers’ qualification and MBA from Brunel University of London. Ethel has served on various bodies, among them, Air Botswana (vice chairman), Oikocredit (an international development financial institution based in the Netherlands), Botswana Investment and Trade Centre (vice chairman) and Momentum Investments.

Amanda Nzimande

Ms. Amanda Tandiwe Nzimande BCom, CTA (UCT ), CA (SA); H DIP Law (Wits), serves as Non-Executive Independent Director of Firstrand Limited. 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.

Thomas Winterboer

Mr. Thomas Winterboer has served as Independent Non-Executive Director of FirstRand Limited since April 20, 2018. Mr. Winterboer brings to the boards a wealth of experience, having spent a large part of his professional career as an audit firm partner serving clients in the financial services sector.

Basic Compensation

Name Fiscal Year Total

William Jardine

1,010,000

Alan Pullinger

28,200,000

Hetash Kellan

14,500,000

Johannes Burger

35,540,000

Carnita Low

--

Mary Bomela

1,006,000

Hermanus Bosman

170,000

Jannie Durand

837,000

Paul Harris

598,000

Francois Knoetze

1,692,000

Paballo Makosholo

1,404,000

Thandie Mashego

420,000

Grant Gelink

2,399,000

Patrick Goss

1,219,000

Nolulamo Gwagwa

1,061,000

Russell Loubser

4,264,000

Ethel Matenge-Sebesho

1,522,000

Amanda Nzimande

968,000

Thomas Winterboer

--
As Of  30 Jun 2017