Simpiwe Tshabalala (born 15 December 1967), also Simphiwe Tshabalala, commonly known as Sim Tshabalala, is a South African lawyer, businessman and corporative executive. He is the Group CEO, of the Standard Bank Group, the largest banking group on the African continent, with total assets of more than ZAR:3.1 trillion (US$164.25 billion), as of June 2024.[1][2][3]
Simphiwe Tshabalala | |
|---|---|
| Born | 15 December 1967 |
| Nationality | South African |
| Alma mater | Rhodes University University of Notre Dame University of the Witwatersrand Harvard University |
| Occupation(s) | Lawyer, Businessman and Banker |
| Years active | 1994 - present |
| Title | Group CEO Standard Bank Group |
| Term | 2013 - present |
Background and education
editTshabalala was born on 15 December 1967 in Hlabisa, Umkhanyakude, KwaZulu-Natal, South Africa. He grew up in Soweto. He graduated with a High School Diploma from Sacred Heart College, Johannesburg.[2][4]
He studied at Rhodes University, graduating with a Bachelor of Arts degree in 1988 and a Bachelor of Laws two years later. In 1993, he graduated at the top of his class with a Master of Laws from Notre Dame University in the United States. He returned to South Africa and was admitted to the South African Bar. Later, he obtained a Higher Diploma in Taxation Law from the University of the Witwatersrand. He also attended and completed the Advanced Management Programme from Harvard University in 2006.[2][4]
Career
editHe joined Real Africa Durolink Investment Bank in 1994, working in the bank's "structured finance division" until 2000.[2][4]
In 2000, he was hired by Standard Bank and was assigned to the Project Finance Division. One year later he was appointed to the group's executive committee. He quickly rose through the ranks and served as the managing director of "Stanbic Africa Holdings Limited", before working as the chief executive of the Personal and Business Banking operation for Standard Bank South Africa.[2][5][4][6]
In 2008 he was appointed CEO of Standard Bank South Africa, and one of three Deputy CEOs of Standard Bank Group. In 2012, he was given additional responsibility for Corporate and Investment Banking (CIB) in South Africa. In 2013 he was promoted to joint CEO of the Standard Bank Group, serving in that role with co-CEO, Ben Kruger. In 2017 Kruger relinquished his role and Tshabalala became the sole Group CEO.[2][5][6][4] He is reported to be a strong advocate and practitioner of gender equality and women empowerment.[7]
- Note: "Stanbic Africa is the name Standard Bank uses for its operations in some parts of Africa to avoid confusion with UK-based lender Standard Chartered".[2]
Other considerations
editSimpiwe Tshabalala is the Vice President and Treasurer of the Institute of International Finance. He is a Fellow of the Institute of Bankers of South Africa and an Honorary Professor at the University of Stellenbosch Business School.[2][4][5][6]
In March 2024, he was ranked "among the 10 Top Bank CEOs" in the 2024 Brand Guardianship Index.[8] He supports the South African government's pursuit of a middle-of-the-road free-market economy and a non-aligned geo-political path.[9]
See also
editReferences
edit- ^ TIU (12 March 2024). "Standard Bank Boss Sim Tshabalala Ranked In The 10 Top Bank CEOs". The Insider Uganda (TIU). Kampala, Uganda. Archived from the original on 8 June 2024. Retrieved 8 June 2024.
- ^ a b c d e f g h Shaun Jacobs (7 June 2024). "The Man Running Africa's Largest Bank". Daily Investor. Centurion, Gauteng, South Africa. Archived from the original on 8 June 2024. Retrieved 8 June 2024.
- ^ Julian Pecquet (18 July 2023). "Standard Bank Chief Touts East Africa Pipeline At US Summit". The African Report. Paris, France. Retrieved 2 July 2024.
- ^ a b c d e f Rhodes University (1 July 2024). "Sim Tshabalala, Standard Bank Group CEO". Rhodes University. Makhanda, Eastern Cape, South Africa. Retrieved 1 July 2024.
- ^ a b c BEP (2024). "Sim Tshabalala". Black Entrepreneur Profile (BEP). Toronto, Ontario, Canada. Archived from the original on 8 June 2024. Retrieved 8 June 2024.
- ^ a b c USBS (6 October 2023). "A Conversation With Professor Sim Tshabalala". University of Stellenbosch Business School (USBS). Bellville, South Africa. Archived from the original on 8 June 2024. Retrieved 8 June 2024.
- ^ UBN (8 March 2024). "Standard Bank Named Africa's Most Valuable Banking Brand For Third Year Running". Uganda Business News (UBN). Kampala, Uganda. Retrieved 2 July 2024.
- ^ BDL (25 March 2024). "Hat-trick as Standard Bank ranked Africa's most valuable banking brand yet again". BusinessDay Live (BDL). Johannesburg, South Africa. Retrieved 2 July 2024.
- ^ Terence Creamer (4 June 2024). "Standard Bank's Tshabalala Confident South Africa's Institutions Will Deliver Post-Election Stability". Engineering News South Africa. Bedfordview, Gauteng, South Africa. Retrieved 2 July 2024.