Head of Custody – Nedbank Investor Services

Johannesburg, South AfricaFull-timeExecutiveOn-sitePosted 21 Oct 2026

Job Overview

Nedbank is appointing a Head of Custody in Johannesburg to provide strategic, commercial and product leadership for Nedbank Investor Services (NIS), the bank’s custody product franchise. The executive carries end-to-end accountability for defining, developing and delivering a differentiated, sustainable and client-centric custody, derivatives clearing and securities services proposition, setting the strategic direction, product roadmap and ongoing evolution of the custody offering in South Africa and Africa, including international custody capabilities.

As the senior product authority for NIS, the role works across Transactional Services, Coverage, Operations, Technology, Risk, Finance, Legal and Compliance to translate client and market needs into scalable product capabilities. It owns the commercial sustainability of the proposition, participates with coverage and sales teams in winning new mandates, sponsors platform modernisation and operating-model transformation, represents Nedbank in post-transaction industry forums, executes non-executive director duties for Nedbank as a shareholder in Strate, and builds and leads a high-performing Custody team.

Key Responsibilities

• Define and execute the strategic direction, product vision and medium-to-long-term roadmap for the Custody franchise in South Africa and Africa

• Own the commercial sustainability and performance of the custody proposition, including product economics, pricing principles and commercial frameworks

• Partner with coverage and sales teams to grow NIS by acquiring new mandates, leveraging relationships in the FI sector

• Evaluate investment requirements and business cases, balancing commercial opportunity, strategic importance, risk and implementation complexity

• Translate client insight and market trends into product enhancements, new capabilities and prioritised investments

• Sponsor development and modernisation of custody capabilities, platforms and client propositions with Technology and Operations

• Champion an effective end-to-end operating model with clear product standards, service expectations and operational resilience

• Represent Nedbank in post-transaction industry forums and boards, and execute non-executive director duties at Strate

• Influence enterprise priorities and communicate complex product matters to executive and senior stakeholder audiences

• Build, coach and lead a high-performing Custody team; drive succession, diversity, inclusion and transformation

Required Qualifications

• Bachelor’s qualification in Finance, Economics, Accounting, Commerce, Law or related field (essential)

• Honours, Master’s, MBA or equivalent postgraduate qualification strongly advantageous

• 15+ years’ experience in custody, securities services, post-trade services or related institutional banking products

• Extensive senior leadership experience in banking, custody, transaction banking, capital markets or institutional financial services

• Proven accountability for complex financial-services products: multi-year strategy, lifecycle, pricing, profitability and investment prioritisation

• Track record of leading product, platform, digital or operating-model transformation while managing regulatory and conduct risk

• Deep knowledge of the custody value chain, securities-market infrastructure and regulatory landscape

Skills & Requirements

Custody & Securities ServicesPost-Trade ServicesDerivatives ClearingSecurities LendingProduct StrategyProduct Economics & PricingMarket Infrastructure (Strate)Institutional BankingRegulatory ComplianceOperating Model TransformationStakeholder ManagementExecutive LeadershipTeam Leadership