Mr Corlett has also been appointed as Chairman of the board for the company’s trust business, Nedgroup Trust, which John Harris, who joined the Nedbank Private Wealth board last year as a Non-Executive Director, has also joined.

Errol Kruger, Non-Executive Chairman of Nedbank Private Wealth International, welcome the new NEDs, saying: “Both Andrew and Jeremy have had successful careers at senior levels across the private and public sectors. Their diverse backgrounds and extensive experience will enable them to make a significant contribution to the functioning and governance of the Nedbank Private Wealth board.”

Stuart Cummins, Chief Executive of Nedbank Private Wealth International, added: “I am delighted that Andrew and Jeremy have chosen to join us. Their appointments add wide-ranging expertise to the board and I look forward to working with them both.”

The pair thanked outgoing board members John Averty and Clive Parrish for their service.