INVESTEC BANK LIMITED - Changes to the Board of Investec Bank Limited

Changes to the Board of Investec Bank Limited

Investec Bank Limited
Incorporated in the Republic of South Africa
Registration number 1969/004763/06
JSE share code: INLP
ISIN: ZAE123000048393


CHANGES TO THE BOARD OF INVESTEC BANK LIMITED (“Investec”)

Investec announces, in accordance with Section 3.59 of the JSE Limited Listing Requirements and following
receipt of the requisite regulatory approvals, the following changes to the Board of Directors of Investec
Bank Limited:

Director appointments

Investec is pleased to announce the appointments of Geoffrey Qhena and Morris Mthombeni as
independent non-executive directors of Investec Bank Limited with effect from 02 March 2020.

Geoffrey Qhena:

Geoffrey served as Chief Executive Officer of the Industrial Development Corporation (IDC) for 13 years
until the end of 2018. In total he served the organisation in different capacities for approximately 19 years.
Geoffrey is also a former director of Acerinox SA, listed in Spain (representing the IDC). Geoffrey was
previously employed by Transnet Group, initially as Project Finance Manager at Spoornet and later as
Senior Manager of Restructuring. Geoffrey is a former chairman of Foskor (Pty) Ltd. He currently serves as
a trustee in SARC (operating as Air Mercy Services-AMS) and Brien Holding Vision Institute -Africa (BHVI-
Africa).

Geoffrey qualified as a Chartered Accountant with KPMG. He completed his BCompt and BCompt (Hons)
from the University of South Africa (Unisa) and subsequently completed his Advanced Taxation Certificate
with the same university. He has also completed a Strategic Executive Programme, jointly offered by Wits
Business School and Harvard Business School.

Morris Mthombeni:

Morris is an executive director at the University of Pretoria’s Gordon Institute of Business Science (GIBS).
He joined GIBS in 2014 as an academic and lectures in the fields of Corporate Strategy on MBA and
doctoral programmes and Corporate Governance on executive education courses primarily aimed at banks
and other financial services companies. He is also a lecturer on Harvard Business School’s Senior
Executive Programme Africa. Morris was appointed executive director of GIBS in 2017, with primary
responsibility for the academic staff.

Morris has over two decades of executive level experience with banks, insurance companies and asset
management companies, including roles as CEO of Momentum Investments and executive director of MMI
Holdings. Over the past decade, Morris has also served as a non-executive director on the boards of
companies like African Phoenix, where he served as Chairman, and African Bank, a company that he joined
several months before it went into curatorship. Morris previously served as a member of the FSB’s Pension
Funds Advisory Committee and several board sub-committees of the Association for Savings and
Investments South Africa (ASISA). He holds a PhD from the University of Pretoria, an MBA from the
Manchester Business School and a LLB, BProc and BJuris from Unisa. Morris currently serves as a non-
executive director on the boards of Inno-Phemba Investments (Pty) Ltd, the National Stokvel Association
of South Africa (Pty) Ltd, Relyant Life Assurance Limited and Standard General Insurance Company
Limited.
For further information please contact:
Investec Investor Relations
+27 (0) 11 286 7070
investorrelations@investec.com


Johannesburg
02 March 2020

Sponsor:
Investec Bank Limited

Date: 02-03-2020 12:00:00
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