Standard Bank Names First Black Woman as Chair of Lender

Nonkululeko Nyembezi

Source: Standard Bank Group Ltd.

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Standard Bank Group Ltd. has named a female Black person to chair Africa’s biggest lender by assets for the first time.

Nonkululeko Nyembezi has been appointed as Chairman-designate effective June 1, according to a statement on Tuesday. She replaces Thulani Gcabashe, who will retire after the annual general meeting on May 31.