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'Zulu boy from Soweto' becomes first Standard Bank black CEO

Reuters  |  JOHANNESBURG 

By Tiisetso MotsoenengJOHANNESBURG (Reuters) - Sim Tshabalala has become the first black person to lead Africa's largest bank by assets without sharing power, after his co-CEO stood down, South Africa's Standard Bank said on Tuesday.Tshabalala, a 49-year old company veteran who describes himself as "a Zulu boy from Soweto", joins only a handful of black executives at the helm of one of the country's top-40 blue-chip companies.He is the second black person to run one of the top five South African banks after Sizwe Nxasana took the reins for five years in 2009 at rival FirstRand in a sector ...

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First Published: Tue, September 12 2017. 19:55 IST
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