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15-468: BoE Stockbrokers is an authorised financial services provider, and a member of the Nedbank Group. As a South African stockbroking company, BoE Stockbrokers (Pty) Ltd offers services from personal investment advice and investment management to extensive E-commerce facilities, focussing specifically on high-net-worth and affluent individuals, trusts and small institutional clients. BoE Stockbrokers

30-649: A 75% share in the new company. On 1 October 1954, the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (NBvZA) merged with Amsterdamnsche Goederen Bank becoming Nederlandse Overzee Bank (NOB). In a NBSA shares issue in 1957, NOB maintained its shareholding at 75% but in December 1961, a new share issue by NBSA was not taken up by NOB and so the latter's shareholding dropped to 49 percent. On 1 July 1964, NOB sold some of its shareholding in NBSA to

45-519: Is a stub . You can help Misplaced Pages by expanding it . This African bank or banking-related article is a stub . You can help Misplaced Pages by expanding it . Nedbank Michael Davis ( CFO ) Mfundo Nkuhlu ( COO ) David Crewe-Brown ( CRO ) Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance , asset management , and wealth management . Nedbank Limited

60-601: Is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in five other countries in the Southern African Development Community (SADC), through subsidiaries and banks in Eswatini , Lesotho , Mozambique , Namibia and Zimbabwe , as well as offices in Ghana and Kenya . Outside Africa, Nedbank provide international financial services in

75-868: The Isle of Man , Jersey , Guernsey , the United Kingdom and the United Arab Emirates . Nedbank is headquartered in Sandton , north of Johannesburg . The bank was founded in 1888, in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In August that year, the bank opened an agency in Church Street, Pretoria , South Africa with its mission being to provide credit and banking in and with South Africa. In 1903,

90-597: The Mees en Hope Groep NV received payment for its remaining shares between August 1969 and 1 June 1970. The South African counterpart was completely independent. The Dutch counterpart of the bank no longer exists. Syfrets SA and Boland Bank listed on the Johannesburg Stock Exchange in 1969. In 1971, NBSA changed its name to Nedbank. Nedbank Group formed from the merger of Syfrets SA, Union Acceptances and Nedbank in 1973. In 1986, Old Mutual became

105-469: The South African public which saw its holding of the latter drop to 25 percent. NOB merged with Bankierscompagnie NV in 1968 and by the 1971 was called Bank Mees and Hope . After a further share issue in 1968, the Mees en Hope's share in NBSA dropped to 20 percent. In July 1969, a decision to sell the remaining 20 percent was agreed too and the company became 100% South African-owned after

120-755: The company was renamed to Nederlandsche Bank voor Zuid-Afrika ("Dutch Bank for South Africa"). In 1906, the bank expanded and an office in London was opened. In 1925, NBvZA merged with the Transvaalsche Handelsbank . In May 1940, Germany invaded and occupied the Netherlands, and this impacted the management of the South African agency from latter country. The South African head office and its branch in London had sufficient assets in sterling, dollars and gold to cover its liabilities. As it

135-780: The following: Nedbank shares are traded on the JSE under the share code NED and on the Namibian Stock Exchange under the share code NBK. As at 18 January 2019, the shareholding in the group's stock consisting of 497,053,536 issued shares rounded to the nearest digit was: (%) MeesPierson Until 2009, the bank was known as Fortis MeesPierson. The name derives from the November 1992 merger of merchant banks Mees & Hope (founded by Franco Cordelois, Jan de Vrijer & Rudolf & Gregorius Mees as Cordelois, de Vrijer & Mees in 1720, becoming G. Mees & Zoon and

150-515: The major shareholder (53%) of Nedbank. In 1992, Syfrets, UAL Merchant Bank, and Nedbank Investment Bank Division merged to become Nedcor Investment Bank (NIB). Old Mutual, Nedcor's holding company , was demutualised and listed on the London Stock Exchange in 1999. The new Nedcor Group was formed on 1 January 2003, combining Nedcor, BoE, Nedcor Investment Bank, and Cape of Good Hope Bank into one legal entity. The Nedcor Group

165-761: Was a wholly owned subsidiary of BoE (Board of Executors), which was established as a Trust Company in Cape Town in 1838. BoE was a leading independent and specialised banking and financial services group, listed on the Johannesburg Stock Exchange. BoE Stockbrokers was managed as part of the Merchant Banking Group within BoE. BoE was merged with Nedbank in 2003 and BoE Stockbrokers became a brokerage arm of Nedbank and Old Mutual . This South African corporation or company article

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180-556: Was an agency and with its Dutch head office no longer in control, the South African government appoint a controller to run the bank until 1945. Its share of the South African banking market in 1945 stood between 2 and 3 percent. The banks split on 15 January 1951, renaming its South African counterpart as Nederlandse Bank in Suid-Afrika/Netherlands Bank of South Africa (NBSA) with the Dutch bank (NBvZA) holding

195-562: Was changed to Fortis MeesPierson. The initial plan was to incorporate the name into Fortis Private Banking, but this plan was never realized because of the strong brand MeesPierson. According to some sources the board of directors decided not to change the name under pressure of the wealthy clients. As a result of the nationalization of Fortis Bank Nederland in October 2008, Fortis MeesPierson once again changed its name to MeesPierson in 2009. This Dutch bank or insurance-related article

210-650: Was renamed R. Mees & Zoonen which merged with Hope & Co. (founded by Scots Jan & Henry Hope in 1762) in 1962) and Pierson, Heldring & Pierson (founded by Athanase Adolphe Henri Boissevain in Amsterdam as Boissevain & Co. in 1875, renamed Pierson & Co. by Jan Pierson in 1917 and founded as Heldring & Pierson by Justinus Heldring & Henri Pierson in 1879 in the Hague , both companies merged in 1952). In 1996, Fortis bank acquired MeesPierson from ABN AMRO for $ 1.43 billion. Then, in 2005, its name

225-669: Was renamed the Nedbank Group on 6 May 2005. In August 2009, Nedbank acquired the 49.9% of Imperial Bank South Africa that it did not own, so Imperial Bank South Africa is wholly owned by Nedbank. In October 2014, Nedbank acquired a 20% stake in Ecobank, converting its $ 285 million claim in Ecobank into equity. Nedbank Group is the holding company of all Nedbank's businesses, subsidiaries, associates and affiliates. The Nedbank Group's major subsidiary and associate companies include

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