Standard Bank Group has announced the appointment of Sim Tshabalala as Interim Chief Executive of The Standard Bank of South Africa Limited.
Image: Supplied
Sim Tshabalala has been appointed as interim Chief Executive of The Standard Bank of South Africa Limited (SBSA).
Tshabalala's appointment comes following the resignation of Kenny Fihla last month who left Standard Bank for Absa Bank.
Fihla had been with the Group for 18 years and is believed to take up his post at Absa from June 17, 2025.
In a statement, Standard Bank explained that Tshabalala will serve in a dual capacity as Chief Executive of Standard Bank Group and SBSA, and as an executive director on the boards of both companies. This is expected to continue until the boards make further announcements regarding executive succession planning.
Lungisa Fuzile, the current Regional Chief Executive for the Group’s South and Central Region, has been appointed as Interim Chief Executive of Africa Regions and Offshore.
Image: Supplied
Current Chief Executive for the Group’s South and Central Region, Lungisa Fuzile, will take over as interim Chief Executive of Africa Regions and Offshore.
Fuzile will report to Tshabalala, and will also join the Group Leadership Council (GLC).
Commenting on the latest developments, Tshabalala said; “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."
seanne.rall@iol.co.za
IOL
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