Flying solo at last, Sim Tshabalala wants to soar
Plans to convert Standard Bank into 'nimble, fiercely competitive' bank
Sim Tshabalala had previously likened his partnership of "shared responsibility" with his former co-captain to that of a well-functioning couple. But after Ben Kruger stepped down from the chief executive role this week, he slid comfortably into singledom. "Speaking to you today it would seem that it is appropriate to have a single CEO and it is appropriate that it be me," said Tshabalala, seated at the head of a boardroom table at Standard Bank's Johannesburg head office. "I would not accept the job if it was not appropriate." Tshabalala and Kruger joined forces in March 2013 amid criticism that the bank's board was undertaking a hand-holding exercise under the guise of a collaborative partnership. But Tshabalala is confident the decision to work together four years ago was the correct one. At the time Standard Bank was a complex global operation with interests in several countries, including Peru, the UK, Argentina, Singapore, Turkey and Brazil. Tshabalala and Kruger were tasked w...
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