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Michael Jordaan stepped down as CEO of First National Bank (FNB), one of SA’s largest banks with a customer base of nearly nine million in 2013, to pursue his passion for entrepreneurship.
With more than 20 years’ experience in the financial services sector and nearly a decade at the helm of the Bank, Jordaan oversaw the move away from traditional banking, and led FNB to be named the “World’s Most Innovative Bank” in the 2012 Global Banking Innovation Awards, held in Washington DC. He was the 2013 Sunday Times Business Leader Award winner and in 2014 was awarded CNBC The All Africa Business Leader of the Year Award.
Jordaan founded the new digital-only bank, Bank Zero, to be launched in South Africa. Bank Zero is part of the new frontier of banking which has arrived through smartphones and associated digital technologies.
Michael Jordaan was also among 13 South Africans chosen as Young Global Leaders by the World Economic Forum in 2008. Jordaan now heads up a private investment company, Montegray Capital and has a strategic role in various businesses, including Director of the startup 4G Telco Rain, Chairman of Compuscan, a consumer data bureau, and as Director of the Johannesburg Stock Exchange.