Nedbank Group Limited announced that on 11 August 2022 that Prof. Tshilidzi Marwala would step down as an independent non-executive director of Nedbank Group and Nedbank in 2023 (and therefore as a member of the Group IT Committee, Group Climate Resilience Committee, and Group Transformation, Social and Ethics Committee) to take up the role as next Rector of the United Nations University headquartered in Tokyo. The date of resignation has now been confirmed as 28 February 2023.