×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Africa's biggest bank names first black CEO

Standard Bank CEO Sim Tshabalala. (Photo: Courtesy)

Standard Bank, Africa's largest bank by assets, has appointed Sim Tshabalala as its first black chief executive after four years of sharing the role, the company said yesterday.

South Africa's financial sector, the economy's largest, is often criticised by politicians for a perceived lack of transformation and remains dominated by white executives 23 years after the end of apartheid.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902