Home People Michael William Thomas Brown Biography, Age, Salary & Net Worth

Michael William Thomas Brown Biography, Age, Salary & Net Worth

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Michael William Thomas Brown (born 31 May 1966) is a businessman and the current Chief Executive of Nedbank Group. He has been in this position since March 2010.

Michael William Thomas Brown
Full Name Michael William Thomas Brown
Date of Birth 31 May 1966 (age 54 years old)
Place of Birth Harare, Zimbabwe
Gender Male
Occupation Chief Executive Officer
Nationality South African
Net Worth $10 million

Michael William Thomas Brown Age

He was born on the 31st of May 1966 in Harare, Zimbabwe. As of 2020, he is 54 years old.

Career

Mike was appointed as Chief Financial Officer in June 2004 and as Chief Executive in March 2010. He is currently Chair of the Banking Association SA and Deputy Chair of Business Leadership South Africa.

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He was previously an executive director of BoE Limited and, after the merger between Nedbank Limited, BoE Bank Limited, Nedcor Investment Bank Limited and Cape of Good Hope Bank Limited in 2003, he was appointed Head of Commercial Property Finance at Nedbank Limited.

Salary

Nedbank CEO Mike Brown has a total take-home package of R53 million for the year. This includes a guaranteed salary of R8.5 million, a cash bonus of the same amount, a short-term incentive payout of R16 million, and a long-term incentive (LTI) of R16.5 million ‘at face value’.

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Net Worth

He has an estimated net worth of $10 million which he has earned as a businessman.

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