Standard Bank Group - Executive management changes
Standard Bank Group Limited
Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000038873
("Standard Bank Group"/ "the group")
Executive management changes
It is one of the group"s stated strategic objectives to, wherever it makes
sense, align the activities of different divisions to avoid duplication, reduce
costs and leverage off centres of excellence. In accordance with this, Standard
Bank Group is pleased to announce the following appointment as a positive
development for the long-term growth and positioning of the group:
Sim Tshabalala (35) who has effectively led the growth of Stanbic Bank (Africa),
will in addition to his current portfolio, take on the position of Deputy
Managing Director Retail Banking with responsibility for Home Loans,
Transactions and Lending Products, Card Division and Diners Club. In this role
he will also drive the initiatives to align the retail operations of Stanbic
Bank (Africa) and the domestic Retail business.
Additionally, Dave Munro (32) has been appointed as Deputy Managing Director of
SCMB. In this capacity he will be responsible for Corporate Finance, Structured
Debt Finance, Commodities and the Finance and Operations functions.
Jacko Maree
Chief Executive
Date: 18/11/2003 03:43:26 PM Produced by the JSE SENS Department
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