Our private bankers and expert specialists bring their experience and insights to help make your life easier. They are supported by our leadership team and board executives.
Our private banking offices are in London, Jersey and the Isle of Man, and there is a representative office in Dubai. Our international trust business is located in Jersey and Guernsey. Whether your affairs converge on one country, such as the UK, or extend internationally, we can help manage your assets, now and for generations to come.
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Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
+44 (0)20 7002 3602
David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.
He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.
David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.
+44 (0)1534 823238
The week of 26 April saw markets start off relatively strongly on the back of positive news on exit strategies and potential treatments. However, by Friday, the tide had turned due to weak corporate and economic data filtering through, while Trump sought to re-escalate tensions with China.
Read moreThe week of 20 April again saw mixed market sentiment. The negative news focused on plummeting oil prices, disappointing trial COVID-19 treatment results, US travel restrictions, poor corporate earnings and weak economic data. The positive stories centred on further talk of exit strategies and a general slowdown in global case numbers.
Read moreDavid McFadzean was joined by Andrew Yeadon to talk through the main Q1 2020 news driving markets, portfolio positions and what we expect may take place in Q2 2020 and beyond.
Read moreThe week of 14 April saw mixed market sentiment as the impact of the COVID-19 weighed on corporate earnings results and economic data releases, while further talk of exit strategies and progress on a possible treatment provided some relief.
Read moreLast week – the week of 6 April – saw positive market sentiment and markets rise in value with the narrative focused on the slowing rates of growth in the number of new COVID-19 cases in parts of Europe and the US, enabling attention to shift to possible exit strategies from the lockdown and economic activity being kick-started. Unfortunately, we believe markets are being overly optimistic. Economies will struggle to reopen fully anytime soon given the need for increased hospital capacity, widespread testing, improved patient treatment, and, ultimately, the delivery of a vaccine.
Read moreFinancial markets have always been prone to react quickly, sometimes intensely, to news flows as they try to price in potential disruption to or support for economic activity.
Read moreWith the coronoavirus pandemic, the focus for many people is on the short term. Retirement planning is still important, but why is now actually a good time to think things through?
Read moreThe week starting 23 March saw governments and central banks around the world continue to take further steps to counteract some of the impact of the economic shutdown stemming from coronavirus.
Read moreDuring our 19 March webinar, David McFadzean, our head of investments, discussed recent events linked to the coronavirus pandemic with Simon Watts, our senior investment analyst. Due to the number of questions asked during the webinar, we have put together this Q&A, grouping questions together where possible, and using the information available at the time.
Read more2019 marked the 25th anniversary of the opening of Nedbank Private Wealth’s Jersey office. Your memories of 1994, if any, are likely to depend on your interests or predilections at the time or since.
Read moreInvestment performance is sometimes reported before fees and charges are taken into account and sometimes after everything has been paid, i.e. net of fees.
Read moreWe publish our total expense ratio to flag to investors exactly what they pay when investing in our portfolios. However, we include costs that others don’t always include.
Read moreWe operate in a really competitive industry. It’s one of the reasons why some people find it difficult to choose an investment manager – there’s such a huge choice! We believe there are five key points you need to consider when making your selection.
Read moreUnlike tossing a coin, portfolio management is not a game of chance and the risks are not usually 50/50. There is a huge range of potential investments to choose from and a professional wealth manager should be able to demonstrate consistent results over a long period with a greater success rate than 50%.
Read moreThe news flow on the COVID-19 coronavirus took a more negative tone over the weekend of 22/23 February, and we have started this week with a sizeable risk-off move.
Read moreThe week starting 9 March saw markets opening in disarray, with investors reacting negatively to news that the OPEC+ talks had broken down and the Saudis had sparked an oil price war with Russia over its refusal to cut production. That led to a 30% fall in the price of oil. The biggest impact will be in the energy sector, but it was also taken badly by the broader market.
Read moreDavid McFadzean was joined by Simon Watts on a webinar to talk through the latest news due to coronavirus, portfolio positions and what we might expect next.
Read moreJohn heads up the wealth planning proposition for the international business. He works with clients and their families, in tandem with their professional advisers, to ensure they have a clear financial plan in place to achieve their financial objectives. Working in partnership with our teams of private bankers, he integrates the benefits of wealth planning alongside our broader wealth management and wealth structuring capabilities.
John has over 25 years of advisory and management experience, working for global organisations providing solutions to a wide variety of UK and international clients. He joined from Credit Suisse UK where he was head of wealth planning for five years. He has also held similar senior roles at Barclays and UBS.
+44 (0)20 7002 3610
Antoine de Saint-Exupery said “A goal without a plan is just a wish”, which is particularly relevant when we consider our financial goals and aspirations. John Williams, who recently joined us as head of wealth planning, highlights three areas where wealth planning can be particularly important.
Read moreInternationals moving to the UK are able to remain non-domiciled, which offers opportunities and pitfalls, as our host, John Williams, and his guest, Mike Curran of PwC, will explain in this webinar.
Read moreAfter the turbulent events of 2020, many may be planning to make life changes now the new year has started. John Williams suggests five easy ways to make a start by putting your finances in order.
Read moreTom joined Nedbank Private Wealth as its chief investment officer in March 2021. Prior to joining, Tom was at Santander Asset Management in London for nine years, where he was, most recently, chief investment officer for the UK business and previously global head of the multi asset division. He has over 20 years’ investment experience, including several years as head of multi manager and fund selection at LV Asset Management.
Tom’s responsibilities include heading the London-based investment team, and chairing both the International Strategy Committee and the International Investment Committee. Tom is also part of the international investment team for Nedgroup Investments, a sister company of Nedbank Private Wealth.
+44 (0)20 7002 3498
Andrew heads up the Isle of Man private banking team. He joined the bank in 2005 and has over 30 years’ banking experience. He looks after a portfolio of domestic and internationally-based clients, working closely with them, and their professional advisers, to meet their wealth management, succession planning, pension and lending needs.
Andrew is a Chartered Wealth Manager and a Fellow of the Chartered Institute for Securities & Investment.
+44 (0)1624 645096
2018 saw parents in the top 10 UK property financiers, but does their support mean longer term and unforeseen ramifications?
Read moreCameron began his career with Nedbank Private Wealth as a private banker in 2002 and has more than 25 years of industry experience.
In his current role as head of private banking in Jersey, Cameron has responsibility for our team of wealth management professionals on the island, building long-term relationships through delivery of excellent client experiences. He is also responsible for leading our relationship with Nedbank Private Wealth in South Africa, a key strategic partner for whom we provide international custody, managed investments and banking services. Cameron continues to maintain a number of client relationships, ensuring our services evolve with clients' changing needs.
Cameron is a Chartered Member of the Chartered Institute for Securities & Investment.
+44 (0)1534 823254
In the history of man, retirement is a relatively new concept. Looking up the term in a dictionary, it defines a state in which people retire as they have either reached a predetermined age or are not healthy enough to continue working. This definition naturally leads to a huge variance of scenarios, but this divergence is amplified further given we probably have our own personal timeline as well.
Read moreRob joined the team in 2011 with responsibility for Nedbank Private Wealth’s presence in the UK. His primary role is overseeing the bank’s growth across the UK market.
Rob has 25 years’ experience in financial services serving the high-net-worth market. His previous roles include managing partner at Coutts and head of sales at Citizen’s Private Bank & Trust in Boston, USA.
He is a Chartered Member of the Chartered Institute for Securities & Investment.
+44 (0)20 7002 3603
Andrew has over 27 years’ banking experience and joined us from Lloyds TSB in Miami where he was responsible for providing banking and investment services to clients in Latin America and the Caribbean. He initially joined the bank’s Isle of Man office in 2004, and following secondments in the South Africa and London offices, he moved to the UAE in 2013.
Based in Dubai, Andrew is primarily responsible for the bank's international growth in both the private client and intermediary sectors in the Middle East. He is a Chartered Member of the Chartered Institute for Securities & Investment and recently graduated from the London Business School with an Executive MBA. Andrew also has full STEP membership, qualifying him as a Trust and Estate Practitioner.
+971 50 6001286
If you are not based in the UK, but are looking to buy a property in the UK, what are the topics that crop up in our conversations?
Read moreDan is responsible for the Nedgroup Trust business across Guernsey and Jersey. He also leads the Trust Management Committee and is a member of the Nedbank Private Wealth Executive Committee.
He is based in Guernsey and has over 20 years’ experience in the global fiduciary and corporate sector. Previously employed at Butterfield Trust, he also spent nine years at RBC Wealth Management International where he held a number of senior strategic roles including managing director of wealth preservation and family governance, and head of fiduciary management.
+44 (0)1481 706191
Director, Growth & Business Strategy, Nedgroup Trust
Katie joined Nedgroup Trust in 2003 as a trust administrator and is now responsible for the business growth and strategy for the whole trust business at Nedbank Private Wealth. She has over 15 years of trust industry experience, looking after the affairs and succession planning of high-net-worth and ultra-high-net-worth private clients.
Primarily focusing on South Africa, the UK and the Middle East, she leads numerous client relationships in conjunction with her team of professionally qualified trust officers. She is experienced in managing the wealth of families to ensure they have the appropriate structures and team in place to deliver their legacy through the generations.
Katie is a member of the Society of Trust and Estate Practitioners and a Fellow of the International Compliance Association.
+44 (0)1534 823201
Lesley manages the compliance team across the Isle of Man, Jersey, Guernsey and UK, and is responsible for the bank’s regulatory compliance with its various regulators across all jurisdictions, and delivery of financial crime compliance.
Lesley has worked in the financial services industry for over 25 years across an international arena, holding a number of risk and compliance roles in the wealth management, private banking, life, investment, trust and corporate, fund management and custody sectors. She joined in 2020 from Friends Provident International, where she managed a risk and compliance function of 25 people across the Isle of Man, United Arab Emirates, Hong Kong, and Singapore. Prior to this, she was the head of compliance for Barclays Private Clients in the Isle of Man and head of Isle of Man for Kleinwort Benson. Lesley is a member of the bank’s executive committee and is based in the Isle of Man office.
+44 (0)1624 6455129
Chris leads a team of risk professionals supporting the business in its growth agenda across international jurisdictions, including the UK, Jersey, Guernsey and the Isle of Man. Primary responsibilities include second line assurance of activities including credit risk, operational risk enterprise wide and prudential risk. Chris is also a member of the bank’s executive committee.
He has over 33 years’ experience in the financial services industry working for both global blue-chip companies in London, continental Europe and Jersey, in addition to smaller challenger banks. Prior to joining Nedbank Private Wealth, Chris spent 30 years with HSBC Group and held a number of executive roles in both the first and second lines of defence, including global head of financial crime compliance for the commercial banking division. More recently, Chris performed the role of chief risk officer for Al Rayan Bank in the UK.
+44 (0)1624 645012
Gordon Hamilton was appointed to the board in 2008.
Gordon is Chairman of the Nedbank Private Wealth Audit and Risk Committee and acts as an independent non executive director for other Nedbank group companies.
Gordon is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales.
Gordon retired from Deloitte & Touche LLP in 2006 after more than 30 years as a partner primarily responsible for multinational and FTSE 350 company audits, mainly in the mining, oil and gas, and aerospace and defence industries, as well as heading the Deloitte South Africa desk in London.
In addition, Gordon served for nine years until 2011 as a member of the U.K. Financial Reporting Review Panel and has extensive experience as a non executive director across a wide range of businesses including Atrium Underwriting Group Limited, a Lloyd’s of London insurance underwriter, Barloworld Limited and Beazley plc.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited. Stuart is also a director of the boards of Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
Andrew Corlett OBE was appointed to the Board in March 2020 as a Non-Executive Director for Nedbank Private Wealth, Chairman for Nedgroup Trust Limited and Nedgroup Trust (Jersey Limited) .
He is a non-practising English Solicitor and Manx Advocate and is a past President of the Isle of Man Law Society.
Andrew served as Chairman and Managing Director of the legal and professional services group Cains from 1998 to June 2019. The group is a recipient of the Queen’s Award for Excellence in International Trade.
Andrew has served on many Isle of Man Government and Supranational Committees and his former Non-Executive Directorships include Chairman of Barclays Private Clients International as well as companies within the HSBC and Swire Groups.
Andrew’s principal current Non-Executive Directorships include the global fiduciary group Equiom and Gibbs Technologies.
He was awarded an OBE in 2015 for his services to the economy.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
+44 (0)20 7002 3602
David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.
He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.
David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.
+44 (0)1534 823238
The week of 26 April saw markets start off relatively strongly on the back of positive news on exit strategies and potential treatments. However, by Friday, the tide had turned due to weak corporate and economic data filtering through, while Trump sought to re-escalate tensions with China.
Read moreThe week of 20 April again saw mixed market sentiment. The negative news focused on plummeting oil prices, disappointing trial COVID-19 treatment results, US travel restrictions, poor corporate earnings and weak economic data. The positive stories centred on further talk of exit strategies and a general slowdown in global case numbers.
Read moreDavid McFadzean was joined by Andrew Yeadon to talk through the main Q1 2020 news driving markets, portfolio positions and what we expect may take place in Q2 2020 and beyond.
Read moreThe week of 14 April saw mixed market sentiment as the impact of the COVID-19 weighed on corporate earnings results and economic data releases, while further talk of exit strategies and progress on a possible treatment provided some relief.
Read moreLast week – the week of 6 April – saw positive market sentiment and markets rise in value with the narrative focused on the slowing rates of growth in the number of new COVID-19 cases in parts of Europe and the US, enabling attention to shift to possible exit strategies from the lockdown and economic activity being kick-started. Unfortunately, we believe markets are being overly optimistic. Economies will struggle to reopen fully anytime soon given the need for increased hospital capacity, widespread testing, improved patient treatment, and, ultimately, the delivery of a vaccine.
Read moreFinancial markets have always been prone to react quickly, sometimes intensely, to news flows as they try to price in potential disruption to or support for economic activity.
Read moreWith the coronoavirus pandemic, the focus for many people is on the short term. Retirement planning is still important, but why is now actually a good time to think things through?
Read moreThe week starting 23 March saw governments and central banks around the world continue to take further steps to counteract some of the impact of the economic shutdown stemming from coronavirus.
Read moreDuring our 19 March webinar, David McFadzean, our head of investments, discussed recent events linked to the coronavirus pandemic with Simon Watts, our senior investment analyst. Due to the number of questions asked during the webinar, we have put together this Q&A, grouping questions together where possible, and using the information available at the time.
Read more2019 marked the 25th anniversary of the opening of Nedbank Private Wealth’s Jersey office. Your memories of 1994, if any, are likely to depend on your interests or predilections at the time or since.
Read moreInvestment performance is sometimes reported before fees and charges are taken into account and sometimes after everything has been paid, i.e. net of fees.
Read moreWe publish our total expense ratio to flag to investors exactly what they pay when investing in our portfolios. However, we include costs that others don’t always include.
Read moreWe operate in a really competitive industry. It’s one of the reasons why some people find it difficult to choose an investment manager – there’s such a huge choice! We believe there are five key points you need to consider when making your selection.
Read moreUnlike tossing a coin, portfolio management is not a game of chance and the risks are not usually 50/50. There is a huge range of potential investments to choose from and a professional wealth manager should be able to demonstrate consistent results over a long period with a greater success rate than 50%.
Read moreThe news flow on the COVID-19 coronavirus took a more negative tone over the weekend of 22/23 February, and we have started this week with a sizeable risk-off move.
Read moreThe week starting 9 March saw markets opening in disarray, with investors reacting negatively to news that the OPEC+ talks had broken down and the Saudis had sparked an oil price war with Russia over its refusal to cut production. That led to a 30% fall in the price of oil. The biggest impact will be in the energy sector, but it was also taken badly by the broader market.
Read moreDavid McFadzean was joined by Simon Watts on a webinar to talk through the latest news due to coronavirus, portfolio positions and what we might expect next.
Read moreErrol Kruger was appointed as Chairman of the Board of Nedbank Private Wealth Limited in March 2018.
Errol joined the boards of the Johannesburg Stock Exchange (JSE) listed Nedbank Group Ltd and Nedbank Ltd as an independent non-executive director on 1 August 2016. He chairs the following three Board sub-committees: Group Credit Committee; Group Risk and Capital Management Committee; and the Group Large-exposure Approval Committee. He also serves on the Group Audit Committee and the Director’s Affairs (Governance) Committee.
From September 2003 to July 2011 Errol was the Registrar of Banks at the South African Reserve Bank (SARB), having been with the SARB from July 1978 until July 2011. As the Registrar of Banks, he represented South Africa as a full member of the Basel Committee on Banking Supervision from 2009 to 2011 and he successfully project managed South Africa’s early adoption, and full implementation, of both the revised 25 Basel Core Principles for Effective Banking Supervision as well as Basel II. Errol contributed in a material manner to the South African banking system successfully navigating the Global Financial Crisis of 2008 and he was awarded the Risk Manager of the Year award in 2010 by the South African Institute of Risk Management.
Errol was appointed Managing Director of Supervision and Authorisation at the Qatar Financial Centre Regulatory Authority on 1 August 2011 and thereafter appointed by the Board of the Qatar Central Bank to serve on Qatar’s Financial Stability and Risk Control Committee. Errol relinquished his role at the Qatar Financial Centre Regulatory Authority on 31 July 2016.
Errol also serves on the board of a JSE listed fintec company, Capital Appreciation Limited, and is a member of the Board Investment Committee.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
+44 (0)20 7002 3602
Iolanda Ruggiero was appointed to the Board in 2015 and is Nedbank Group's Shareholder Representative on the Nedbank Private Wealth board. Iolanda is also a non-executive director on the Nedgroup Trust Limited board.
Nedbank Private Wealth Limited and its international entities form part of a cluster of wealth businesses based in South Africa. This cluster is known as Nedbank Wealth and Iolanda is its Managing Executive and she holds the reporting line for Stuart Cummins.
Iolanda joined the Nedbank Group in 2002 as an Operations Manager within the investment division and was appointed as the Managing Executive of Nedbank Wealth in 2015.
She has over 18 years’ experience in financial services, 16 of which have been at Nedbank. Iolanda has held senior management positions in Nedcor Investment Bank and Nedbank Retail, and was appointed as Chief Operating Officer of Nedbank Wealth in 2006. During her tenure with Nedbank Wealth, Iolanda played an integral role in the acquisition and seamless integration of BoE Private Clients, Nedgroup Life and Fairbairn Private Bank into Nedbank Group.
Iolanda is responsible for a cluster that comprises a team of 2,100 staff members located locally and internationally.
Craig Blenkinsop joined Nedbank Private Wealth in 2004 and was appointed to the Nedbank Private Wealth Board in 2011.
Craig is a Fellow of the Association of Chartered Certified Accountants.
Craig has over 25 years' banking and insurance industry experience having held a number of board and senior management positions in both industries.
+44 (0)1624 645010
Non-Executive Director, Chairman of Audit, Risk & Compliance Committee
Gordon Hamilton was appointed to the board in 2008.
Gordon is Chairman of the Nedbank Private Wealth Audit and Risk Committee and acts as an independent non executive director for other Nedbank group companies.
Gordon is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales.
Gordon retired from Deloitte & Touche LLP in 2006 after more than 30 years as a partner primarily responsible for multinational and FTSE 350 company audits, mainly in the mining, oil and gas, and aerospace and defence industries, as well as heading the Deloitte South Africa desk in London.
In addition, Gordon served for nine years until 2011 as a member of the U.K. Financial Reporting Review Panel and has extensive experience as a non executive director across a wide range of businesses including Atrium Underwriting Group Limited, a Lloyd’s of London insurance underwriter, Barloworld Limited and Beazley plc.
John Harris was appointed to the Board in 2019.
John has held a number of high-profile senior roles, most recently as of Director General of the Jersey Financial Services Commission – a position he held for 12 years. He is a regular contributor to financial services debates on numerous subjects, including the global role of International Finance Centres.
Prior to his role at the Jersey Financial Services Commission, he was the Director – International Finance for the Government of Jersey and responsible for all aspects of the policy on the maintenance and enhancement of the island’s position as an international finance centre. John’s earlier career was spent within international corporate and private banking where he held a number of global management positions in the UK, France, Belgium, Switzerland, Singapore, Hong Kong, Nassau and the Channel Islands.
John is a Fellow of the Chartered Institute of Bankers.
John is also the Non-Executive Chairman of Crestbridge Corporate Holdings Limited.
Andrew Corlett OBE was appointed to the Board in March 2020 as a Non-Executive Director.
He is a non-practising English Solicitor and Manx Advocate and is a past President of the Isle of Man Law Society.
Andrew served as Chairman and Managing Director of the legal and professional services group Cains from 1998 to June 2019. Cains is a recipient of the Queen’s Award for Excellence in International Trade.
Andrew has served on many Isle of Man Government and Supranational Committees and his former Non-Executive Directorships include Chairman of Barclays Private Clients International as well as companies within the HSBC and Swire Groups.
Andrew’s principal current Non-Executive Directorships include the global fiduciary group Equiom and Gibbs Technologies.
He was awarded an OBE in 2015 for his services to the economy.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Jeremy Wilson was appointed to the Board in March 2020 as a Non-Executive Director.
Jeremy retired recently as Vice Chairman of Barclays Corporate with Barclays Bank PLC. During his 47 year career with Barclays he worked across its major business units and in Australasia, Vanuatu, the United States of America, Europe and UK. As part of his senior executive role for the Bank he was, inter alia, Chairman of its Group Credit Committee, Director of Barclays Bank Pension Fund Trustees, and Chairman of Barclays Bank Egypt. As a representative of Barclays or of the financial services industry, he was Chairman of BAFT, Chairman of CHAPS, a Director of TheCityUK and Chairman of its Audit Committee. In addition to his responsibilities beyond Barclays, he was Non-Executive Chairman of Bloomsbury Publishing PLC.
He is currently Chairman of the Whitechapel Think Tank, a forum for the public and private sector on distributed ledger technologies, a member of the Advisory Board of Form3, a payments start-up, and supports, as required, the University of Cambridge Institute for Sustainability Leadership.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Dan is responsible for the Nedgroup Trust business across Guernsey and Jersey. He also leads the Trust Management Committee and is a member of the Nedbank Private Wealth Executive Committee.
He is based in Guernsey and has over 20 years’ experience in the global fiduciary and corporate sector. Previously employed at Butterfield Trust, he also spent nine years at RBC Wealth Management International where he held a number of senior strategic roles including managing director of wealth preservation and family governance, and head of fiduciary management.
+44 (0)1481 706191
Andrew Corlett OBE was appointed to the Board in March 2020 as a Non-Executive Director for Nedbank Private Wealth, Chairman for Nedgroup Trust Limited and Nedgroup Trust (Jersey Limited) .
He is a non-practising English Solicitor and Manx Advocate and is a past President of the Isle of Man Law Society.
Andrew served as Chairman and Managing Director of the legal and professional services group Cains from 1998 to June 2019. The group is a recipient of the Queen’s Award for Excellence in International Trade.
Andrew has served on many Isle of Man Government and Supranational Committees and his former Non-Executive Directorships include Chairman of Barclays Private Clients International as well as companies within the HSBC and Swire Groups.
Andrew’s principal current Non-Executive Directorships include the global fiduciary group Equiom and Gibbs Technologies.
He was awarded an OBE in 2015 for his services to the economy.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited. Stuart is also a director of the boards of Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
Iolanda Ruggiero was appointed to the Board in 2015 and is Nedbank Group's Shareholder Representative on the Nedbank Private Wealth board. Iolanda is also a non-executive director on the Nedgroup Trust Limited board.
Nedbank Private Wealth Limited and its international entities form part of a cluster of wealth businesses based in South Africa. This cluster is known as Nedbank Wealth and Iolanda is its Managing Executive and she holds the reporting line for Stuart Cummins.
Iolanda joined the Nedbank Group in 2002 as an Operations Manager within the investment division and was appointed as the Managing Executive of Nedbank Wealth in 2015.
She has over 18 years’ experience in financial services, 16 of which have been at Nedbank. Iolanda has held senior management positions in Nedcor Investment Bank and Nedbank Retail, and was appointed as Chief Operating Officer of Nedbank Wealth in 2006. During her tenure with Nedbank Wealth, Iolanda played an integral role in the acquisition and seamless integration of BoE Private Clients, Nedgroup Life and Fairbairn Private Bank into Nedbank Group.
Iolanda is responsible for a cluster that comprises a team of 2,100 staff members located locally and internationally.
Chief Operating Officer, Nedgroup Trust
Nathan was one of the first members of staff at Nedgroup Trust, which was trading as Fairbairn Reads Trust in Guernsey, when he joined in 1992. He previously worked for five years at a private bank.
Nathan has worked in all facets of the business including administration, marketing, compliance and bookkeeping. Having grown with the business, he has a sound knowledge of all areas of the operation and continues to support our clients as he has for many years.
Nathan has been a director since 2001 and currently acts as chief operating officer.
+44 (0)1481 706174
Director, Growth & Business Strategy, Nedgroup Trust
Katie joined Nedgroup Trust in 2003 as a trust administrator and is now responsible for the business growth and strategy for the whole trust business at Nedbank Private Wealth. She has over 15 years of trust industry experience, looking after the affairs and succession planning of high-net-worth and ultra-high-net-worth private clients.
Primarily focusing on South Africa, the UK and the Middle East, she leads numerous client relationships in conjunction with her team of professionally qualified trust officers. She is experienced in managing the wealth of families to ensure they have the appropriate structures and team in place to deliver their legacy through the generations.
Katie is a member of the Society of Trust and Estate Practitioners and a Fellow of the International Compliance Association.
+44 (0)1534 823201
Marcus joined Nedgroup Trust in 2001 and has 28 years of experience in the management of private client wealth, including 12 years at a major private bank providing a diverse range of banking, investment and estate planning services.
With Nedgroup Trust, Marcus has focused on the provision of trust and related services, assisting private clients resident in many jurisdictions. He has specialist knowledge of the South African markets, having worked closely with clients there since 2001.
Marcus has been a director of Nedgroup Trust since 2013 and is a full member of the Society of Trust and Estate Practitioners.
+44 (0)1481 706107
Marcus Prevel of Nedgroup Trust examines some of the UK government’s rules that mean the tax cost of buying, owning and selling residential properties in the UK has increased.
Read moreGordon Hamilton was appointed to the board in 2008.
Gordon is Chairman of the Nedbank Private Wealth Audit and Risk Committee and acts as an independent non executive director for other Nedbank group companies.
Gordon is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales.
Gordon retired from Deloitte & Touche LLP in 2006 after more than 30 years as a partner primarily responsible for multinational and FTSE 350 company audits, mainly in the mining, oil and gas, and aerospace and defence industries, as well as heading the Deloitte South Africa desk in London.
In addition, Gordon served for nine years until 2011 as a member of the U.K. Financial Reporting Review Panel and has extensive experience as a non executive director across a wide range of businesses including Atrium Underwriting Group Limited, a Lloyd’s of London insurance underwriter, Barloworld Limited and Beazley plc.
John Harris was appointed to the Board in 2019.
John has held a number of high-profile senior roles, most recently as of Director General of the Jersey Financial Services Commission – a position he held for 12 years. He is a regular contributor to financial services debates on numerous subjects, including the global role of International Finance Centres.
Prior to his role at the Jersey Financial Services Commission, he was the Director – International Finance for the Government of Jersey and responsible for all aspects of the policy on the maintenance and enhancement of the island’s position as an international finance centre. John’s earlier career was spent within international corporate and private banking where he held a number of global management positions in the UK, France, Belgium, Switzerland, Singapore, Hong Kong, Nassau and the Channel Islands.
John is a Fellow of the Chartered Institute of Bankers.
John is also the Non-Executive Chairman of Crestbridge Corporate Holdings Limited.
Andrew is a Non-Executive Director of Nedgroup Trust. He is Managing Director of Nedgroup Investment's international businesses in London and the Isle of Man.
A graduate from Durham University and a Chartered Director, Andrew has over 25 years’ experience in offshore financial services encompassing funds and trusts and he was previously Managing Director of the offshore subsidiary of a leading UK Bank. He has served on several industry bodies including Chairman of the Isle of Man Wealth and Fund Services Association.
Andrew is Director of two UCITS funds, Nedgroup Investments Funds plc and MultiFunds and is also Chairman of Nedbank Group Insurance Company.
+44 (0)1624 645159
Gordon Hamilton was appointed to the board in 2008.
Gordon is Chairman of the Nedbank Private Wealth Audit and Risk Committee and acts as an independent non executive director for other Nedbank group companies.
Gordon is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales.
Gordon retired from Deloitte & Touche LLP in 2006 after more than 30 years as a partner primarily responsible for multinational and FTSE 350 company audits, mainly in the mining, oil and gas, and aerospace and defence industries, as well as heading the Deloitte South Africa desk in London.
In addition, Gordon served for nine years until 2011 as a member of the U.K. Financial Reporting Review Panel and has extensive experience as a non executive director across a wide range of businesses including Atrium Underwriting Group Limited, a Lloyd’s of London insurance underwriter, Barloworld Limited and Beazley plc.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited. Stuart is also a director of the boards of Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
Andrew Corlett OBE was appointed to the Board in March 2020 as a Non-Executive Director for Nedbank Private Wealth, Chairman for Nedgroup Trust Limited and Nedgroup Trust (Jersey Limited) .
He is a non-practising English Solicitor and Manx Advocate and is a past President of the Isle of Man Law Society.
Andrew served as Chairman and Managing Director of the legal and professional services group Cains from 1998 to June 2019. The group is a recipient of the Queen’s Award for Excellence in International Trade.
Andrew has served on many Isle of Man Government and Supranational Committees and his former Non-Executive Directorships include Chairman of Barclays Private Clients International as well as companies within the HSBC and Swire Groups.
Andrew’s principal current Non-Executive Directorships include the global fiduciary group Equiom and Gibbs Technologies.
He was awarded an OBE in 2015 for his services to the economy.
If you would like to contact any of our board members, please get in touch with our company secretary, Tracy Garrett.
Stuart is managing director and executive head of Nedbank Private Wealth International, which comprises Nedbank Private Wealth Limited, Nedgroup Trust Limited and Nedgroup Trust (Jersey) Limited.
He has over 20 years of banking and investment experience, incorporating senior roles in Cazenove Capital, C. Hoare & Co. and Barclays Wealth. His focus has been on developing high-net-worth relationship and advice businesses across wealth management, private banking and corporate banking. At C. Hoare & Co., Stuart was responsible for the portfolio management and wealth planning business, and was a member of the Executive Group and Investment Committee.
Based in the London office of Nedbank Private Wealth, he now has overall responsibility for managing the company’s UK and international operations across all its office locations.
Stuart is a Chartered Wealth Manager, Fellow of the Chartered Institute for Securities & Investment, and a Fellow of the Chartered Institute of Bankers.
+44 (0)20 7002 3602
David is responsible for spearheading the growth of our wealth management business across the company’s international jurisdictions. Prior to taking on his current role, David was integral in developing the bank’s investment proposition for high-net-worth individuals, trustees and investment consultants. He is also a member of the bank’s executive committee.
He has over 25 years’ experience working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world. Prior to joining Nedbank Private Wealth, David spent 15 years with RBC Wealth Management where he held several senior roles, latterly leading the investment business as managing director and head of discretionary investments in Jersey.
David is a Chartered Fellow of the Chartered Institute for Securities & Investment and a Chartered Wealth Manager.
+44 (0)1534 823238
The week of 26 April saw markets start off relatively strongly on the back of positive news on exit strategies and potential treatments. However, by Friday, the tide had turned due to weak corporate and economic data filtering through, while Trump sought to re-escalate tensions with China.
Read moreThe week of 20 April again saw mixed market sentiment. The negative news focused on plummeting oil prices, disappointing trial COVID-19 treatment results, US travel restrictions, poor corporate earnings and weak economic data. The positive stories centred on further talk of exit strategies and a general slowdown in global case numbers.
Read moreDavid McFadzean was joined by Andrew Yeadon to talk through the main Q1 2020 news driving markets, portfolio positions and what we expect may take place in Q2 2020 and beyond.
Read moreThe week of 14 April saw mixed market sentiment as the impact of the COVID-19 weighed on corporate earnings results and economic data releases, while further talk of exit strategies and progress on a possible treatment provided some relief.
Read moreLast week – the week of 6 April – saw positive market sentiment and markets rise in value with the narrative focused on the slowing rates of growth in the number of new COVID-19 cases in parts of Europe and the US, enabling attention to shift to possible exit strategies from the lockdown and economic activity being kick-started. Unfortunately, we believe markets are being overly optimistic. Economies will struggle to reopen fully anytime soon given the need for increased hospital capacity, widespread testing, improved patient treatment, and, ultimately, the delivery of a vaccine.
Read moreFinancial markets have always been prone to react quickly, sometimes intensely, to news flows as they try to price in potential disruption to or support for economic activity.
Read moreWith the coronoavirus pandemic, the focus for many people is on the short term. Retirement planning is still important, but why is now actually a good time to think things through?
Read moreThe week starting 23 March saw governments and central banks around the world continue to take further steps to counteract some of the impact of the economic shutdown stemming from coronavirus.
Read moreDuring our 19 March webinar, David McFadzean, our head of investments, discussed recent events linked to the coronavirus pandemic with Simon Watts, our senior investment analyst. Due to the number of questions asked during the webinar, we have put together this Q&A, grouping questions together where possible, and using the information available at the time.
Read more2019 marked the 25th anniversary of the opening of Nedbank Private Wealth’s Jersey office. Your memories of 1994, if any, are likely to depend on your interests or predilections at the time or since.
Read moreInvestment performance is sometimes reported before fees and charges are taken into account and sometimes after everything has been paid, i.e. net of fees.
Read moreWe publish our total expense ratio to flag to investors exactly what they pay when investing in our portfolios. However, we include costs that others don’t always include.
Read moreWe operate in a really competitive industry. It’s one of the reasons why some people find it difficult to choose an investment manager – there’s such a huge choice! We believe there are five key points you need to consider when making your selection.
Read moreUnlike tossing a coin, portfolio management is not a game of chance and the risks are not usually 50/50. There is a huge range of potential investments to choose from and a professional wealth manager should be able to demonstrate consistent results over a long period with a greater success rate than 50%.
Read moreThe news flow on the COVID-19 coronavirus took a more negative tone over the weekend of 22/23 February, and we have started this week with a sizeable risk-off move.
Read moreThe week starting 9 March saw markets opening in disarray, with investors reacting negatively to news that the OPEC+ talks had broken down and the Saudis had sparked an oil price war with Russia over its refusal to cut production. That led to a 30% fall in the price of oil. The biggest impact will be in the energy sector, but it was also taken badly by the broader market.
Read moreDavid McFadzean was joined by Simon Watts on a webinar to talk through the latest news due to coronavirus, portfolio positions and what we might expect next.
Read moreJohn heads up the wealth planning proposition for the international business. He works with clients and their families, in tandem with their professional advisers, to ensure they have a clear financial plan in place to achieve their financial objectives. Working in partnership with our teams of private bankers, he integrates the benefits of wealth planning alongside our broader wealth management and wealth structuring capabilities.
John has over 25 years of advisory and management experience, working for global organisations providing solutions to a wide variety of UK and international clients. He joined from Credit Suisse UK where he was head of wealth planning for five years. He has also held similar senior roles at Barclays and UBS.
+44 (0)20 7002 3610
Antoine de Saint-Exupery said “A goal without a plan is just a wish”, which is particularly relevant when we consider our financial goals and aspirations. John Williams, who recently joined us as head of wealth planning, highlights three areas where wealth planning can be particularly important.
Read moreInternationals moving to the UK are able to remain non-domiciled, which offers opportunities and pitfalls, as our host, John Williams, and his guest, Mike Curran of PwC, will explain in this webinar.
Read moreAfter the turbulent events of 2020, many may be planning to make life changes now the new year has started. John Williams suggests five easy ways to make a start by putting your finances in order.
Read moreTom joined Nedbank Private Wealth as its chief investment officer in March 2021. Prior to joining, Tom was at Santander Asset Management in London for nine years, where he was, most recently, chief investment officer for the UK business and previously global head of the multi asset division. He has over 20 years’ investment experience, including several years as head of multi manager and fund selection at LV Asset Management.
Tom’s responsibilities include heading the London-based investment team, and chairing both the International Strategy Committee and the International Investment Committee. Tom is also part of the international investment team for Nedgroup Investments, a sister company of Nedbank Private Wealth.
+44 (0)20 7002 3498
Andrew heads up the Isle of Man private banking team. He joined the bank in 2005 and has over 30 years’ banking experience. He looks after a portfolio of domestic and internationally-based clients, working closely with them, and their professional advisers, to meet their wealth management, succession planning, pension and lending needs.
Andrew is a Chartered Wealth Manager and a Fellow of the Chartered Institute for Securities & Investment.
+44 (0)1624 645096
2018 saw parents in the top 10 UK property financiers, but does their support mean longer term and unforeseen ramifications?
Read moreCameron began his career with Nedbank Private Wealth as a private banker in 2002 and has more than 25 years of industry experience.
In his current role as head of private banking in Jersey, Cameron has responsibility for our team of wealth management professionals on the island, building long-term relationships through delivery of excellent client experiences. He is also responsible for leading our relationship with Nedbank Private Wealth in South Africa, a key strategic partner for whom we provide international custody, managed investments and banking services. Cameron continues to maintain a number of client relationships, ensuring our services evolve with clients' changing needs.
Cameron is a Chartered Member of the Chartered Institute for Securities & Investment.
+44 (0)1534 823254
In the history of man, retirement is a relatively new concept. Looking up the term in a dictionary, it defines a state in which people retire as they have either reached a predetermined age or are not healthy enough to continue working. This definition naturally leads to a huge variance of scenarios, but this divergence is amplified further given we probably have our own personal timeline as well.
Read moreRob joined the team in 2011 with responsibility for Nedbank Private Wealth’s presence in the UK. His primary role is overseeing the bank’s growth across the UK market.
Rob has 25 years’ experience in financial services serving the high-net-worth market. His previous roles include managing partner at Coutts and head of sales at Citizen’s Private Bank & Trust in Boston, USA.
He is a Chartered Member of the Chartered Institute for Securities & Investment.
+44 (0)20 7002 3603
Andrew has over 27 years’ banking experience and joined us from Lloyds TSB in Miami where he was responsible for providing banking and investment services to clients in Latin America and the Caribbean. He initially joined the bank’s Isle of Man office in 2004, and following secondments in the South Africa and London offices, he moved to the UAE in 2013.
Based in Dubai, Andrew is primarily responsible for the bank's international growth in both the private client and intermediary sectors in the Middle East. He is a Chartered Member of the Chartered Institute for Securities & Investment and recently graduated from the London Business School with an Executive MBA. Andrew also has full STEP membership, qualifying him as a Trust and Estate Practitioner.
+971 50 6001286
If you are not based in the UK, but are looking to buy a property in the UK, what are the topics that crop up in our conversations?
Read moreDan is responsible for the Nedgroup Trust business across Guernsey and Jersey. He also leads the Trust Management Committee and is a member of the Nedbank Private Wealth Executive Committee.
He is based in Guernsey and has over 20 years’ experience in the global fiduciary and corporate sector. Previously employed at Butterfield Trust, he also spent nine years at RBC Wealth Management International where he held a number of senior strategic roles including managing director of wealth preservation and family governance, and head of fiduciary management.
+44 (0)1481 706191
Director, Growth & Business Strategy, Nedgroup Trust
Katie joined Nedgroup Trust in 2003 as a trust administrator and is now responsible for the business growth and strategy for the whole trust business at Nedbank Private Wealth. She has over 15 years of trust industry experience, looking after the affairs and succession planning of high-net-worth and ultra-high-net-worth private clients.
Primarily focusing on South Africa, the UK and the Middle East, she leads numerous client relationships in conjunction with her team of professionally qualified trust officers. She is experienced in managing the wealth of families to ensure they have the appropriate structures and team in place to deliver their legacy through the generations.
Katie is a member of the Society of Trust and Estate Practitioners and a Fellow of the International Compliance Association.
+44 (0)1534 823201
Lesley manages the compliance team across the Isle of Man, Jersey, Guernsey and UK, and is responsible for the bank’s regulatory compliance with its various regulators across all jurisdictions, and delivery of financial crime compliance.
Lesley has worked in the financial services industry for over 25 years across an international arena, holding a number of risk and compliance roles in the wealth management, private banking, life, investment, trust and corporate, fund management and custody sectors. She joined in 2020 from Friends Provident International, where she managed a risk and compliance function of 25 people across the Isle of Man, United Arab Emirates, Hong Kong, and Singapore. Prior to this, she was the head of compliance for Barclays Private Clients in the Isle of Man and head of Isle of Man for Kleinwort Benson. Lesley is a member of the bank’s executive committee and is based in the Isle of Man office.
+44 (0)1624 6455129
Chris leads a team of risk professionals supporting the business in its growth agenda across international jurisdictions, including the UK, Jersey, Guernsey and the Isle of Man. Primary responsibilities include second line assurance of activities including credit risk, operational risk enterprise wide and prudential risk. Chris is also a member of the bank’s executive committee.
He has over 33 years’ experience in the financial services industry working for both global blue-chip companies in London, continental Europe and Jersey, in addition to smaller challenger banks. Prior to joining Nedbank Private Wealth, Chris spent 30 years with HSBC Group and held a number of executive roles in both the first and second lines of defence, including global head of financial crime compliance for the commercial banking division. More recently, Chris performed the role of chief risk officer for Al Rayan Bank in the UK.
+44 (0)1624 645012
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Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you. Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.
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