Sizwe Nxedlana matriculated from DHS in 1999. He was in Blackmore House and a keen sportsman who participated in Athletics, Rugby, and Basketball. Sizwe represented KZN at U16 and U18 School Rugby levels.

After school, Sizwe attended the University of Cape Town where he obtained a degree in BCom Economics. After UCT, Sizwe came back to Durban where he obtained a Masters in Commerce, Economics and Econometrics.

Prior to moving to FNB, Sizwe also worked at Kagiso Trust Investments (KTI) and Standard Bank, as a Property Economist.

Sizwe joined FNB in 2008 and has been with the group for 11 years, previously as FNB’s Chief Economist being responsible for the analysis of South African and global economic trends and global markets, and more recently as CEO of FNB Wealth and Investments. In October 2019 Sizwe was appointed CEO of Ashburton Investments, the asset management arm of the FirstRand group.

Sizwe remains CEO of FNB’s Wealth and Investments, which has made good progress in leveraging FNB’s platform capabilities which aim to deliver the right investment solutions through better understanding of its customer needs and requirements.

Commenting, FirstRand COO, Mary Vilakazi, said: “Asset management is an important component of FirstRand’s portfolio diversification, particularly the building out of its invest and save strategies. Sizwe is a very experienced financial markets professional and given his track record, is well placed to drive Ashburton Investments’ next growth phase.”

Commenting on his new role, Sizwe Nxedlana said that his focus will be on working with the existing teams to scale Ashburton Investments by leveraging more of the group’s capabilities.

“Integrating our investment capabilities through a single investment process and unified digital platform will be an important focus for both FNB Wealth and Investments and Ashburton Investments. We will continue to streamline the investment processes through both businesses by managing existing and new investment portfolios to achieve promised client outcomes, winning new mandates, and ensuring continued growth in assets under management,” he said.