What you need to know about the new direct marketing guidance note
Nadine Mather and Chloë Loubser
Standard Bank appoints three deputy chief executives
Ben Kruger, Simpiwe 'Sim' Tshabalala, and Peter Wharton-Hood 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, 49, 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, 41, 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, 43, is chairman of Personal and Business Banking's (PBB) business across the world.
He is also responsible for co-ordinating 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 co-ordinating 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.
