Meet Standard Bank’s elite black executive team
Compared with rivals Barclays Africa and FirstRand, Standard Bank is a model of transformation. But, say its executives, more can be done to make it more inclusive
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.