The building blocks of banking success
PROFILE: Nedbank’s Ciko Thomas
The entrepreneur and marketing expert turned banker has a history of rich experiences, which may help set him up for the top job at Nedbank
The entrepreneur and marketing expert turned banker has a history of rich experiences, which may help set him up for the top job at Nedbank. Ciko Thomas, Nedbank’s head of retail and business banking, was always ready to take over the post from Philip Wessels, though he spent nearly all his working life in marketing. In the year that he has served in the top banking job, headline earnings grew 11.2% to R4.9bn during the 2016 financial year, "notwithstanding [his] appointment to the role halfway through the year", according to the group’s annual report. "It’s the relative ease of the transition of the leadership of the business from Philip to myself, the support I have had from the 22,000-odd people in the business, and of course the financial outcomes we achieved at the end of the 2016 financial year-end," says Thomas. A scientist by training — he has a BSc in chemistry from the University of Cape Town — Thomas began his career as a graduate marketing trainee at consumer goods compa...