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May 27, 2015 2:59 AM ET


Company Overview of Standard Bank Group Limited

Company Overview

Standard Bank Group Limited, together with its subsidiaries, operates as a financial services company in the Republic of South Africa and internationally. The company’s Personal & Business Banking segment offers banking; residential accommodation loans; installment sale and finance leases, such as finance of vehicles to personal market customers, and finance of vehicles and equipment in the business market; credit cards and merchant transaction acquiring services; transactional, saving, investment, trade, foreign exchange, payment, and liquidity management solutions; and lending products comprising structured working capital finance and commercial property solutions. This segment also provid...

Standard Bank Centre

9th Floor

5 Simmonds Street

Johannesburg,  2001

South Africa

Founded in 1862

49,259 Employees


27 11 636 9111


27 11 636 4207

Key Executives for Standard Bank Group Limited

Group Chief Executive, Executive Director, Member of Group Social & Ethics Committee, Member of Group IT Committee and Chief Executive of Standard Bank of South Africa
Age: 46
Total Annual Compensation: $14.7M
Group Chief Executive, Executive Director, Chairman of Group Model Approval Committee, Member of Group Social & Ethics Committee, Member of Group IT Committee and Chairman of Standard Bank Plc
Age: 54
Total Annual Compensation: $12.6M
Chief Financial Officer, Group Chief Operating Officer, Group Financial Director, Executive Director and Member of Group Model Approval Committee
Age: 58
Total Annual Compensation: $10.5M
Member of Group Model Approval Committee and Chief Executive of Personal & Business Banking - The Standard Bank of South Africa
Age: 47
Total Annual Compensation: $14.0M
Chief Executive of Wealth, Insurance and Non-Bank Financial Services
Age: 50
Total Annual Compensation: $13.5M
Compensation as of Fiscal Year 2014.

Standard Bank Group Limited Key Developments

Standard Bank Group and Woori Bank Ink a Business Cooperation Pact

Standard Bank Group has signed a business cooperation agreement with Woori Bank in order to boost banking business from Korean companies running operations and doing investments in the African region. Woori Bank has no presence in Africa and, therefore, a partnership with a strong African bank like Standard Bank will enable Woori Bank to extend its banking relationship with key Korean clients to its non-presence countries. Africa and South Korea's diplomatic relations are conducive to the flow of capital from South Korea to Africa, bringing in new prospects for institutional investors.

Standard Bank Names Thulani Gcabashe as CEO

Standard Bank named Thulani Gcabashe as CEO of the bank, and will come in charge from May end. Since 2003, he has worked as an independent non-executive director at the bank, will take charge from outgoing chairperson Fred Phaswana in sometime.

Standard Bank Group Announces Executive Changes

Standard Bank Group will appoint Thulani Sikhulu Gcabashe as Chairman. The effective date is May 28, 2015. He would substitute current chairman Fred Phaswana who will resign at the end of May 2015. At present, Thulani is working as chairman of BuiltAfrica Holdings, Imperial Holding and MTN Zakhele and a non-executive director of Togo Invest.

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