Standard Bank announces expanded roles for Tshabalala, Fuzile
Financial services firm Standard Bank Group has announced the appointment of Sim Tshabalala as interim CE of Standard Bank of South Africa (SBSA) with effect from April 8, subject to regulatory approval.
Tshabalala will serve in a dual capacity as CE of Standard Bank Group and SBSA, and as executive director on the boards of both companies, until such time as the boards make further announcements regarding executive succession planning, the group says.
The current CE for the group’s South and Central region Lungisa Fuzile has been appointed interim CE of Africa Regions and Offshore, also with effect from April 8, subject to regulatory approval.
Fuzile will report to Tshabalala and will join the Group Leadership Council.
“Lungisa and I will work together closely as we continue to develop and execute the group's strategy in relation to its footprint outside of South Africa. We congratulate Lungisa as he takes on these expanded responsibilities and wish him success in his new role,” Tshabalala says.
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