| Fri 17 Jan 2020, 13:16 | | FIRSTRAND LIMITED - FSR,FSRP : FirstRand appointment of Gert Kruger as Group Chief Risk Officer |
|
FSR,FSRP : FirstRand appointment of Gert Kruger as Group Chief Risk Officer:
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
JSE ordinary share code: FSR
Ordinary share ISIN: ZAE000066304
JSE B preference share code: FSRP
B preference share ISIN: ZAE000060141
NSX ordinary share code: FST
LEI: 529900XYOP8CUZU7R671
(FirstRand or the group)
FIRSTRAND APPOINTMENT OF GERT KRUGER AS GROUP CHIEF RISK OFFICER
FirstRand has appointed Mr Gert Kruger as group Chief Risk Officer (CRO), effective 1 July 2020. Mr
Kruger will report to the group Chief Operating Officer (COO), Mary Vilakazi, and will be a member of
the group's strategic executive committee (Stratco).
Mr Kruger has been with the group for 16 years, most recently as the CRO at RMB. He has extensive
experience managing all risk classes including credit, market, investment and operational risk. Prior to
joining RMB, Mr Kruger was instrumental in building the group's credit risk framework for retail,
commercial and corporate lending, which was implemented post the global financial crisis.
This deep understanding of group-wide frameworks, places Mr Kruger in a unique position to provide
greater portfolio oversight and ensure alignment of the second line of defence to FirstRand's integrated
financial services strategy and operating model.
The CROs of the underlying businesses will report directly to Mr Kruger. Mr Jaco Grobler has been
appointed CRO for FirstRand Bank and remains head of group enterprise risk management, also
reporting to Mr Kruger. Mr Grobler's new role ensures that key banking risks, and the governance of
those risks, particularly cybersecurity, environmental and social risk, and IT risk, have dedicated, senior
ownership.
Sandton
17 January 2020
Sponsor
RAND MERCHANT BANK (a Division of FirstRand Bank Limited)
Date: 17-01-2020 01:16:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
