One of the most recognisable names in the South African business world is the former banker turned venture capitalist Michael Jordaan.
Although only 36 years old at the start of his tenure, his experience from stints at Deutsche Bank, Origin Bank, and in executive roles at various FNB positions, helped Jordaan steer the bank to a more digital-focused future., Jordaan’s leadership saw FirstRand’s share price climb from R5.54 to R35.70 between 2004 and 2013, equivalent to 20% annualised growth.
Another significant achievement under his leadership was FNB winning the World’s Most Innovative Bank award at the Financial Global Banking Innovation Awards in 2012. Among the most recognisable companies into which Jordaan has poured his money through Montegray are network operator Rain, cryptocurrency trading platform VALR, and digital banking newcomer Bank Zero.As of November 2022, Jordaan’s Montegray Capital counted 25 ventures in its fold, covering various products and services — from beverage and craft chocolate production to renewable energy and fleet management software.
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