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Africa|Business
Africa|Business
africa|business

TymeBank appoints new CEO

8th July 2024

By: Creamer Media Reporter

     

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Digital bank TymeBank has announced the appointment of Karl Westvig as its new CEO.

The bank’s current CEO Coenraad Jonker will turn his full attention to his role as executive chairperson of Tyme Group, where he will drive the growth of the multicountry digital banking group. The changes are effective October 1.

“TymeBank has reshaped the banking landscape in South Africa, and the bank is on course to reach ten-million customers this year. We believe the time is right to redeploy key executives into positions that will best serve both TymeBank and the group.

“Coen’s contribution to TymeBank’s growth story so far makes him the ideal person to lead Tyme Group into the next growth phase in preparation for a public listing, and the board has full confidence that Karl can build on Coen’s accomplishments and help us to further grow market share in South Africa,” comments TymeBank chairperson Thabani Jali.

Westvig, who is currently TymeBank’s retail and business banking CEO, brings a wealth of leadership, lending and fintech expertise, as well as a proven record, to his new role.

As a founder member of various local and international finance companies, including the RCS Group and Retail Capital (now a division of TymeBank), Westvig has built a legacy of strong teams and successful startups.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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