Kuben Naidoo, one of the deputy governors of South Africa’s central bank has been linked with a top job at Nedbank Group following his resignation at the South African Reserve Bank.
According to news reports Naidoo is the front runner for the job at Nedbank. The banking institution is searching for a CEO to replace Mike Brown who has been running the since 2010.
The news reports came out on Monday morning from President Cyril Ramaphosa’s spokesperson indicating that Mr Naidoo likes to jump the ship from the central bank.
“The South African Reserve Bank Deputy Governor Kuben Naidoo has expressed a desire to resign,” presidential spokesperson Vincent Magwenya told Reuters.
He also served as the chief executive officer of the Prudential Authority, a body within the Sarb that regulates banks, until 2022.
Naidoo was first appointed deputy governor in 2015 and is a member of the Sarb’s Monetary Policy Committee.
Maybe it’s time to try something news, Naidoo has spent nearly three decades in public service, at National Treasury, the National Planning Commission and the Sarb.
