Standard Bank vai afastar CEO e CFO do grupo
Standard Bank to remove group CEO and CFO
Africa's largest lender by assets, the Standard Bank group seems to be clear about its plans for the future at the top.
It is reported that the group is even going to remove two prominent leaders in the institution, namely the CEO, Sim Tshabalala, and the group's Finance and Value Management Director, Arno Daehnke.
The measure seems to run counter to a new policy of the institution, which has extended the retirement age by another three years, from 60 to 63, according to international media reports. However, the bank quickly clarified that the policy is futuristic, i.e. it does not apply to Thabalala and Daehnke.
Tshabalala was appointed to the post in 2013, while Daehnke was appointed in 2016.
The bank is focused on the challenges of the future, which brings with it the objective need to renew its leadership.
"While we have raised the retirement age for future executives, in line with local and international trends reflecting longer and more productive working lives, it is important to maintain clarity and certainty in our current leadership transition plans," said Nonkululeko Nyembezi, chairman of Standard Bank Group. "This approach ensures that we honor those plans while preparing the next generation of leaders."
This information comes after the group reported record net profits that grew by eight percent to 1.35 billion dollars. Net fee and commission income grew by 12%, while net interest income grew by two percent.
Standard Bank maintains a positive outlook on Africa's medium and long-term prospects.
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