If executive leadership is anything to go by, Standard Bank could be considered a black bank. And not only because it has a black CEO in Sim Tshabalala. The bank’s top brass — sans Tshabalala — recently sat down with the FM at Standard’s Rosebank, Johannesburg, headquarters. Clustered around a boardroom table were Lungisa Fuzile, CEO of Standard Bank SA; Sola David-Borha, CEO of the rest of Africa business; Kenny Fihla, who heads corporate and investment banking (CIB); and Zweli Manyathi, head of personal and business banking. Absent from the table was another black female executive (in addition to David-Borha), namely Funeka Montjane, CEO of personal and business banking SA. The atmosphere was lively, even if the topics up for discussion — including transformation, credit policies and black-owned banks — were of the more serious sort. When it comes to black executives running bread-and-butter portfolios at the country’s largest banks, only Nedbank can compete with Standard Bank. Ba...

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