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Home Banking Laws

Standard Bank Names First Black Woman as Chair of Lender

by Matthew Upton
May 10, 2022
in Banking Laws
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Standard Bank Names First Black Woman as Chair of Lender
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May 10, 2022, 8:44 AM

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.

Nonkululeko Nyembezi

Source: Standard Bank Group Ltd.

“It is hugely significant to us that the Standard Bank will shortly have its first female chairman, and that this chairman is a black African woman,” Chief Executive Officer Sim Tshabalala said.

Nyembezi has previous served as chairman of the JSE Ltd., South Africa’s main …

Adelaide Changole

Adelaide Changole

Bloomberg News

© 2022 The Bureau of National Affairs, Inc.

All Rights Reserved

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