Standard Bank’s corporate and investment banking (CIB) head, Kenny Fihla, has been handed more power at Africa’s largest lender by assets in a serious vote of confidence in his leadership acumen, putting him in the pound seats to succeed group CEO Sim Tshabalala.

After a decade in the role, Tshabalala is set to dedicate more of his energies to the bank’s sprawling rest of Africa portfolio, among other priorities, and to assign more of the group’s responsibilities to Fihla...

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