Standard Bank announces executive leadership changes

Standard Bank Group (JSE: SBK) announced several changes in its senior executive management, effective April 8, 2025. Kenny Fihla has resigned as an executive director of Standard Bank of South Africa (SBSA) and from various board committees. He will, however, remain an employee, serving his contractual notice period on garden leave until June 13, 2025. Sim Tshabalala, currently an executive director for both Standard Bank Group and SBSA, has been appointed as Interim Chief Executive of SBSA, subject to regulatory approval. He will serve in a dual capacity as Chief Executive for both entities. Furthermore, Lungisa Fuzile has been appointed Interim Chief Executive of Africa Regions & Offshore, reporting to Sim Tshabalala.