Standard Bank’s ‘heavy blow’ benefits Absa
Kenny Fihla makes surprise move to head smaller rival bank
17 March 2025 - 08:51
UPDATED 17 March 2025 - 23:22
Standard Bank CEO Sim Tshabalala has described the abrupt resignation of his second-in-command, Kenny Fihla, as a “heavy blow” for Africa’s largest bank by assets — just months after he was given more clout at the bank in a leadership overhaul.
On Monday, the lender informed the market that Fihla had relinquished his role as deputy CEO in a surprise move that saw him decide to join smaller rival Absa as its new CEO in June...
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