South African Banker Jason Quinn Receives 5.8 Million Salary From Nedbank
- Jason Quinn earned R106.01 million 5.78 million in 2024, marking his first full year as CEO after succeeding Mike Brown at one of Africas top financial institutions.
- His compensation includes a 334,605 base salary, a 546,371 short-term incentive, and a 4.41 million long-term incentive, reflecting his leadership role in Nedbank.
- Under Quinns leadership, Nedbanks net profit surged 8.66 to 1.01 billion, and total assets climbed 8.17 to 77.45 billion, strengthening its JSE market position.
South African banker Jason Quinn, CEO of Nedbank Groupone of Africas most valuable financial services firmsearned a total compensation of R106.01 million 5.78 million in 2024 . The salary reflects his leadership in driving the banks growth, strengthening its market position, and navigating an evolving financial landscape.
The year marked Quinns first full term at the helm after taking over from Mike Brown in the fourth quarter of 2023 . A seasoned banking executive and Chartered Accountant, Quinn holds a degree in accounting and has built a reputation for strategic leadership in Africas financial sector.
Before joining Nedbank, he was with Absa Group, where he briefly served as interim group CEO from January to March 2022 before becoming Financial Director for both Absa Group and Absa Bank. His deep industry experience and steady leadership have positioned him as a key figure in the regions banking industry.
Breakdown of Quinns 2024 compensationQuinns R106.01 million compensation package reflects his role in steering the banks success. It includes a base salary of R5.58 million 334,605 and a short-term incentive of R10 million 546,371, both linked to the banks strong financial performance.
A significant portion of his earnings came from a long-term incentive award of R80.73 million 4.41 million, a recognition of his contributions to Nedbanks sustained growth. His leadership has helped solidify the banks standing as one of Africas biggest banks, with a market capitalization of R130 billion 7.1 billion . Nedbank currently ranks as the 25th most valuable company on the Johannesburg Stock Exchange JSE, reflecting its strong industry position.