Standard Bank make brace of appointments

by Richard Kilner

Story link: Standard Bank make brace of appointments

Standard Bank has sought to enhance its growth strategy through a pair of new appointments.

The South African institution has named Kennedy Bungane as the new Corporate and Investment Banking (CIB) South Africa chief executive.

Bungane replaces David Munro, who vacates the role to become global head of Investment Banking.

Bungane will assumes responsibility for all the firm’s corporate and investment banking operations within South Africa, and will be directly responsible to Sim Tshabalala, chief executive of Standard Bank South Africa.

Munro will take on the challenge of building up the firm’s global investment banking capability, and will report to Rob Leith, CIB chief executive.

Tshabalala has described the two appointments as manifestations of the firm’s growth strategy, praising Munro as an extremely talented and worthy winner of a rigorous selection process.

Tshabalala also welcomed Bungane’s appointment and congratulated him on his new role.