Press Release

8 April 2020

Nedbank Private Wealth strengthens senior management team

Nedbank Private Wealth has strengthened its senior management team with two internal appointments. David McFadzean will take on a new role as head of wealth management, while Andrew Halsall has become head of private banking in the Isle of Man.


Reporting directly into chief executive, Stuart Cummins, David will assume responsibility for spearheading business development across the company’s jurisdictions in the UK, Jersey, Isle of Man and Dubai. His focus will be on growing the bank’s high-net-worth client base for its wealth planning, investment management and private banking services. David will also join the bank’s executive committee.


David joined Nedbank Private Wealth just over a year ago to lead its investment specialist function and chair its investment committee. Prior to joining, 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, based in Jersey. He has over 25 years’ experience in financial services, working for global blue-chip companies in both London and Jersey, and providing investment solutions to a wide variety of clients around the world.


Andrew now heads up the private banking team in the Isle of Man, and will be reporting into David. He has been with Nedbank Private Wealth for 15 years and has a thorough knowledge and understanding of the organisation. With his extensive experience of working with high-net-worth individuals and their families, his focus is ensuring clients are provided with the highest level of service at all times.


Stuart Cummins, chief executive of Nedbank Private Wealth, said: “These are exciting new roles for David and Andrew. The moves form part of a recent restructure designed to enhance our client offering across the organisation. David will be responsible for all our client-facing teams and our investment and wealth planning specialists. I know David’s track record of successful leadership and business growth across multiple geographies will be invaluable in this role.”


David McFadzean’s new appointment is subject to final regulatory approval.


Notes to editors

Nedbank Private Wealth is an award-winning boutique private bank with an established track record of offering wealth planning, investment, trust and banking services.


Supporting a wide range of clients in 160 countries, including private individuals, professional intermediaries, non-trading companies, trusts and institutional investors, the bank leverages a heritage dating back to 1834 and a UK presence for over 10 years. Its UK, Jersey and Isle of Man relationship managers work with specialist teams providing objective guidance. The bank also has a representative office in Dubai.


Nedbank Private Wealth works closely with its subsidiary, Nedgroup Trust, to provide fiduciary services to clients out of Guernsey and Jersey.


When referring to Nedbank Private Wealth, please use the full company name.

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