In his new role, Mr McFadzean, who joins from RBC Wealth Management, will be responsible for driving the company’s investment proposition.

Stuart Cummins, Chief Executive of Nedbank Private Wealth, said: “This is an exciting time for Nedbank Private Wealth as we continue to develop our investment proposition. Building the right team that can be trusted to work with the clients and understand their specific needs is vital, and David’s extensive investment experience will add considerable weight to our team.”

Cameron Walker, Head of Relationship Management, added: “David’s track record of successful leadership and business growth across multiple geographies will be invaluable when working closely alongside our private banking team to support our investment offering.”