STANDARD BANK GROUP LIMITED - Change To The Chief Executive: Personal And Business Banking Group

Change To The Chief Executive: Personal And Business Banking Group

Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the Group")

CHANGE TO THE CHIEF EXECUTIVE: PERSONAL AND BUSINESS BANKING GROUP

After 10 very successful years leading the Standard Bank Group’s Personal and Business Bank (PBB),
Peter Schlebusch has decided to step down as Chief Executive: PBB Group. Peter will be taking a four-
month sabbatical starting in April, and we will announce his new role on his return from this well-
deserved break.

Subject to receiving the necessary approvals from the South African Reserve Bank, Zweli Manyathi has
been appointed to succeed Peter as Chief Executive: PBB Group.

Sim Tshabalala, Group Chief Executive, Standard Bank, says, ‘Peter put an enormous amount of time,
effort and energy into building the great business that PBB has become.

‘Peter has been equally dedicated and successful in leading the Group’s modernisation as it becomes
a digital financial services organisation. I am immensely grateful to Peter for his unwavering
commitment to the Standard Bank Group.’

‘We are fortunate that Peter has built a very strong team in PBB. We therefore had no reason to look
for his successor beyond the Group and Zweli Manyathi emerged as the best candidate to succeed
Peter as Chief Executive: PBB Group.’

Zweli Manyathi, 56, holds a B Com (Honours) in Financial Management and has attended the
Professional Development Programme (New York) and the Senior Executive Programmes of both Wits
Business School and Harvard Business School.

Zweli has had a 33-year career in the financial services industry to date, joining Standard Bank in 2009.
Until his appointment as Chief Executive: Personal and Business Banking, he served as Chief Executive,
PBB for Africa Regions (the Group’s Personal and Business Bank in Africa beyond South Africa). During
his tenure in this role, Zweli greatly strengthened our PBB client franchise and grew client revenues
substantially. As a member of PBB’s Executive Committee, the Group Management Committee and –
from now on – the Group Executive Committee, Zweli has been and remains central to the design and
execution of the Standard Bank Group’s strategy.


T S Gcabashe
Chairman

Johannesburg
2 March 2018

Sponsor
The Standard Bank of South Africa Limited

Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

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