Africa's Biggest Bank Names Tshabalala as First Sole Black CEO

Standard Bank Group Ltd. appointed Sim Tshabalala as solitary arch executive officer, finale a twin purpose he common with Ben Kruger, and creation him a initial black chairman to lead Africa’s largest lender alone.

Kruger, 58, will step down as joint-CEO immediately and continue as an executive director, Johannesburg-based Standard Bank pronounced in a matter on Tuesday. The corner care structure was required when it was introduced in 2013 and has met expectations, a lender said.

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