Davis's 2022 compensation package comprises a base salary of R5.9 million ($305,943) and a performance-based short-term incentive of R11.3 million ($586,699) derived from the bank's exceptional performance during the fiscal year. He also received a long-term incentive award of R11 million ($573,640) from the lender to acknowledge his unwavering dedication to the group and his wealth of expertise as a seasoned professional. Davis is a name that resonates throughout the corridors of Nedbank Group, a financial giant that has cemented its position as one of Africa's largest banking groups. He has been the lender's CFO and executive director of Nedbank Group since his appointment in 2020. The South African multimillionaire banker and executive, who is also a member of the Group Credit Committee, ranks as one of the country's most affluent executives. His ascent to the CFO role in October 2020 came after five years as the group executive of balance sheet management of Nedbank Group, a position he assumed in 2015.