Nedbank looks to investment banking for growth under new CEO

South Africa’s Nedbank Group is hoping to hire more investment bankers as it seeks to take advantage of a surge of deals in renewable energy, water and logistics in Africa’s most developed economy. With the bank’s home country in the throes of an electricity crisis and intensifying water shortages, outgoing CEO Mike Brown said the government is increasingly looking to ink public-private partnerships to adequately address those issues. As a result, Nedbank is hoping to hire more investment bankers and deploy more capital to the business in order to put together such deals, he said in follow up comments to an interview that took place on Monday.