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Vassi Naidoo Net Worth, Family, Daughter, Son, Wife, Children, Salary, Health, Cause of Death, Nedbank

Vassi Naidoo
Vassi Naidoo

Vassi Naidoo Biography – Vassi Naidoo Wiki

Vassi Naidoo was a South African businessman. He served as the chairman of Nedbank. He was appointed to the boards of Nedbank Group Limited and Nedbank Limited as a Non-executive Director and Chair-designate on 1 May 2015 and then as Chair on 11 May 2015.

On 1 November 2016 Vassi was also appointed as a Senior Independent Director of Liquid Telecommunications Holdings Limited, which is based in Mauritius, and as Chair of Africa Property Development Managers/Gateway Delta Development Holdings.

On 4 May 2020, Vassi was appointed as Non-executive Director and Deputy Chairman of Vedanta Zinc International. Vassi is also the Chairman of the WWF Green Trust.

Vassi was Chief Executive of Deloitte Southern Africa from 1998 to 2006, a member of the Deloitte UK Executive from 2006 to 2009, and a member of the Deloitte Global Executive from 2007 to 2011. Thereafter he was Vice-chair of Deloitte UK from 2009 to 2014.

Vassi was a member of the South African Institute of Chartered Accountants, with honorary lifetime membership granted in 2011 for his contribution to the development of the profession in SA. He was also a member of the Institute of Chartered Accountants in England and Wales and a Professor of Practice in the Department of Accountancy at the University of Johannesburg.

Vassi was past Chairman of the Africa Children Feeding Scheme, past Trustee of the Thuthuka Bursary Scheme and chaired The WWF Nedbank Green Trust funded by Nedbank.

He completed his B Com and Diploma in Accounting at the University of Durban Westville. He joined Deloitte in 1977 and qualified as a Chartered Accountant in 1979. He attended the Programme for Management Development (PMD) at Harvard Business School in 1995.

Vassi Naidoo Age

He was born on 1 March 1955, in Durban, South Africa. He died on 28 September 2021, in Johannesburg, South Africa. He was 66.

Vassi Naidoo Wife

Vassi Naidoo was married to Sheila Naidoo, a teacher, from 1979 until his death in September 2021.

Vassi Naidoo Children

Vassi Naidoo had two children: Carmeni Naidoo and Sasha Naidoo.

Vassi Naidoo Family

Vassi Naidoo is survived by his wife Sheila Naidoo and his daughter Carmeni Naidoo.

Vassi Naidoo Death

Vassi Naidoo died on 28 September 2021 at the age of 66 after a long battle with an unspecified illness, Nedbank announced. “It is with great sadness that Nedbank announces the passing on of Nedbank Group Chairman Vassi Naidoo on 28 September 2021,” Nedbank said in a statement.

Mpho Makwana, who has been Acting Chairman since Vassi was placed on medical leave of absence on 22 January 2021, said: “Vassi brought a wealth of experience and wisdom to the role of Chairman of the group, and he will be greatly missed by all at Nedbank who knew him. He led with deep integrity and excellence. The Board extends its deepest sympathies to his wife Sheila, daughter Carmeni, and his extended family.”

Mike Brown, Nedbank Group Chief Executive, said: “Vassi was a remarkable individual who was held in the highest regard both professionally and personally. As our Chairman, he has made an indelible mark on Nedbank and during his long executive career at Deloitte he had a lasting influence on the lives of many young chartered accountants and the transformation of the accounting profession. We are grateful for his guidance, leadership and wise counsel. He has always been considered a pioneer in his field and he used his position of influence as Nedbank Chairman to bring about positive change and dedicated much of his time to finding ways to improve the lives of every South African including being the catalyst alongside Pravin Gordhan and the late Jabu Mabuza for the CEO Initiative.”

Vassi Naidoo Cause of Death

Vassi Naidoo’s cause of death was not revealed.

Vassi Naidoo Health

On 22 January 2021, Vassi Naidoo was placed on a medical leave of absence from his position at Nedbank. The bank announced he was focusing on treatment for a medical condition. Nedbank said his condition was not related to Covid-19.

Vassi Naidoo Net Worth

Vassi Naidoo holds 49 254 Nedbank Group Limited ordinary shares. The value of the shares is unclear.