Standard Bank Group has reallocated responsibilities between its three deputy group chief executives, Ben Kruger, Sim Tshabalala and Peter Wharton-Hood in line with its refined strategy of focusing solely on Africa and selected emerging markets, such as China.
Kruger will assume responsibility for both major banking business lines, corporate and investment banking, and personal and business banking. He will be responsible for optimising client relationships and revenue generation across the banking group.
Tshabalala will continue as chief executive officer (CEO) of The Standard Bank of South Africa (SBSA), the group’s largest banking operation. SBSA base remains the springboard for its expansion and Tshabalala will continue to ensure that the requisite level of attention is paid to preserving and growing the franchise in Standard Bank’s home market.
Wharton-Hood will maintain his accountability for operations and IT across the banking group. In addition, he will be assuming responsibility for the effective and efficient operation of all banks outside South Africa.
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