Frank Berkeley retires after two decades with Nedbank

Font size: Decrease font Enlarge font
Nedbank Corporate Property Finance Managing Executive, Frank Berkeley retires after spending 20 years with the group. Nedbank Corporate Property Finance Managing Executive, Frank Berkeley retires after spending 20 years with the group.

Nedbank’s Corporate Property Finance Division’s managing executive, Frank Berkeley is to retire at the end of August 2014 after spending two decades in post, Nedbank announced today.

Mr Berkeley, who is also independent non-executive director of JSE-listed property funds Sycom and Acucap, made steady growth on Nedbank’s loan books.

With his enormous respect for the accounting profession, he has been at the helm of the division’s stellar performance since taking the reins in 2004, successfully positioning Nedbank as the leading bank in commercial property finance with a market share well ahead of its competitors.

Mfundo Nkuhlu, Managing Executive of Nedbank Corporate says "I would like to express my gratitude to Frank for his outstanding leadership, wealth of knowledge and business acumen in building a formidable commercial property team in Nedbank Corporate."

"He leaves the business in a strong position for sustainable performance and growth in the period ahead," Nkuhlu said.

Berkeley who decided to take early retirement, will remain in charge of the business until end August. Nkuhlu will oversee the business in need if the appointment of a successor is not finalised by 1 September 2014.

Berkeley spent his career in property finance, first at Syfrets, then at Nedcor Investment Bank (NIB). The month of August marks his 20th anniversary with the Nedbank Group after having joined in August 1994.

In a statement to announce his retirement he said the property industry has certainly had its share of challenges and opportunities.

"Our message has consistently been that even in tough economic times, we have remained open for business and partnered with our clients to provide finance where opportunities are realised," says Berkeley.

"We have a strong leadership team with more than 150 years property experience between us. This, and the fact that we solely focus on property, has seen us achieve many goals, including that of reaching R100bn in book size at the end of June 2014, a milestone that we can attribute to the entire staff of Nedbank Corporate Property Finance," Berkeley concludes.


Enter your e-mail address below using Lowercase.

Home in 1 | Leading Supplier to Events, Catering & Hospitality Industry