Standard Bank Group has appointed Kenny Fihla as Chief Executive of Standard Bank of South Africa (SBSA) and Deputy Chief Executive of the Standard Bank Group taking over from Lungisa Fuzile. Fihla will report to the group’s Chief Executive Officer, Sim Tshabalala.
“Fihla is a most experienced and successful executive – a leader’s leader of immense effectiveness, having served the Group in various senior executive roles over the past 18 years. I look forward to working even more closely in partnership with Kenny as we develop and execute the Group’s strategy,” Tshabalala said.
“I look forward to working even more closely in partnership with Kenny as we develop and execute the Group’s strategy. I have no doubt that the Group’s subsidiary network will continue to flourish and expand under Kenny’s leadership.”
Speaking about his new gig, Deputy Group Chief Executive Kenny Fihla said, “It is my great pleasure to pass the baton at CIB to Luvuyo Masinda. Luvuyo is an exceptionally talented and accomplished executive. I am sure that he will lead CIB to new heights.”
Meanwhile, Yinka Sanni, current Chief Executive of Standard Bank Africa Regions and Offshore, will take on the role of Group Executive, leading the Group’s relationships with some of our top clients and regulators. In addition to these duties, Yinka will support Kenny Fihla in refining the structure of the Africa Regions and Offshore businesses.
Standard Bank has been performing exceptionally well in the past few years. Income has grown at an average rate of 7% since 2014, while earnings have grown on average by 10% a year.
