| Mon 6 Apr 2009, 9:50 | | SBK - Standard Bank Group Appoints Three Deputy Chief Executives |
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SBK
SBK
SBK - Standard Bank Group Appoints Three Deputy Chief Executives
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Company")
STANDARD BANK GROUP APPOINTS THREE DEPUTY CHIEF EXECUTIVES
Ben Kruger (49), Simpiwe (Sim) Tshabalala (41), and Peter Wharton-Hood (43) have
been appointed Deputy Chief Executives of the Standard Bank Group.Tshabalala is
currently Chief Executive of Standard Bank of South Africa (SBSA), while Kruger
and Wharton-Hood are Group Chief Operating Officers.
Apart from the Group Chief Executive Jacko Maree (53), Kruger, Wharton-Hood and
Tshabalala are the most senior executives in the group.
Kruger joined Standard Bank in 1985, Wharton-Hood in 1997 and Tshabalala in
2000.
Says Maree: "Ben, Sim and Peter have increasingly shared with me the
responsibility of managing and guiding an ever more complex and rapidly growing
financial services group. These new titles reflect their increased
responsibility. There will be no substantial changes to their current roles. We
wish them well in their new positions and are confident that they will continue
to contribute to the success of the Standard Bank Group, both locally and
internationally."
Ben Kruger:
Kruger is Chairman of Corporate and Investment Banking`s (CIB) business around
the world, including Standard Bank plc, the most significant banking entity in
the group outside Africa.
In addition, he chairs most of the senior executive committees responsible for
the different risk disciplines across the group. Kruger is also a board member
of Stanbic IBTC Bank in Nigeria.
Sim Tshabalala:
Tshabalala is the Chief Executive of SBSA, responsible for the group`s banking
operations in South Africa.
In addition, Tshabalala is accountable for building and managing all stakeholder
relationships. This is critical for the sustainable growth of a group, which is
rooted and headquartered within a very diverse society.
He is also responsible for ensuring that the South African business is run as
the platform from which the African and international businesses of the group
can be built, and for sharing resources in the pursuit of the group`s overall
strategy.
Peter Wharton-Hood
Wharton-Hood is Chairman of Personal and Business Banking`s (PBB) business
across the world.
He is also responsible for coordinating Global Wealth and Private Banking`s
business. He is a member of the Liberty Holdings Board and Chairman of Standard
Bank Offshore Group.
Wharton-Hood is ultimately accountable for coordinating the activities of the
group`s banking entities in the rest of Africa and aligning CIB, PBB and Wealth
operations on the continent.
He retains responsibility for Group IT and is also responsible for the efficient
operation of the group`s various support functions. He is also a board member
of Standard Bank Argentina.
For more information contact:
Erik Larsen
Pres Relations
Standard Bank
+27 (0)11 636 7520
+27 (0)83 252 7678
erik.larsen@standardbank.co.za
Date: 06/04/2009 09:50:36 Produced by the JSE SENS Department.
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