Simpiwe Tshabalala
{{short description|South African lawyer and corporate executive}}
{{distinguish|Siphiwe Tshabalala}}{{Other uses|Tshabalala}}
{{EngvarB|date=June 2024}}
{{Use dmy dates|date=June 2024}}
{{Infobox person
| name = Simphiwe Tshabalala
| image =
| image_size =
| caption =
| birth_date = {{birth date and age|1967|12|15|df=yes}}
| birth_place = Hlabisa, Umkhanyakude
KwaZulu-Natal, South Africa
| death_date =
| death_place =
| education =
| alma_mater = Rhodes University
Notre Dame Law School
University of the Witwatersrand
Harvard University
| occupation = Lawyer, Businessman and Banker
| years_active = 1994 - present
| nationality = South African
| known_for =
| title = Chief Executive Officer at Standard Bank Group
| term = 2013 - present
| predecessor = Ben Kruger
| spouse =
}}
Simpiwe Tshabalala (born 15 December 1967), also Simphiwe Tshabalala, commonly known as Sim Tshabalala, is a South African lawyer, businessman and corporative executive. He is the Group CEO, of the Standard Bank Group, the largest banking group on the African continent, with total assets of more than ZAR:3.1 trillion (US$164.25 billion), as of June 2024.{{cite web |url=https://theinsider.ug/index.php/2024/03/12/standard-bank-boss-sim-tshabalala-ranked-in-the-10-top-bank-ceo/ |date=12 March 2024 |title=Standard Bank Boss Sim Tshabalala Ranked In The 10 Top Bank CEOs |work=The Insider Uganda (TIU) |author=TIU |access-date=8 June 2024 |location=Kampala, Uganda |archive-date=8 June 2024 |archive-url=https://web.archive.org/web/20240608113255/https://theinsider.ug/index.php/2024/03/12/standard-bank-boss-sim-tshabalala-ranked-in-the-10-top-bank-ceo/ |url-status=live }}{{cite web |work=Daily Investor |date=7 June 2024 |access-date=8 June 2024 |url=https://dailyinvestor.com/finance/53336/the-man-running-africas-largest-bank/ |title=The Man Running Africa's Largest Bank |author=Shaun Jacobs |location=Centurion, Gauteng, South Africa |archive-date=8 June 2024 |archive-url=https://web.archive.org/web/20240608114425/https://dailyinvestor.com/finance/53336/the-man-running-africas-largest-bank/ |url-status=live }}{{cite web| work=The African Report |url=https://www.theafricareport.com/315945/standard-bank-chief-touts-east-africa-pipeline-at-us-summit/ |title=Standard Bank Chief Touts East Africa Pipeline At US Summit |date=18 July 2023 | author=Julian Pecquet |access-date=2 July 2024 |location=Paris, France}}
Background and education
Tshabalala was born on 15 December 1967 in Hlabisa, Umkhanyakude, KwaZulu-Natal, South Africa. He grew up in Soweto. He graduated with a High School Diploma from Sacred Heart College, Johannesburg.{{cite web| url=https://www.ru.ac.za/communicationsandadvancement/alumnirelations/latestnews/simtshabalalastandardbankgroupceo.html |title=Sim Tshabalala, Standard Bank Group CEO |work=Rhodes University | date=1 July 2024 |author=Rhodes University |access-date=1 July 2024 |location=Makhanda, Eastern Cape, South Africa}}
He studied at Rhodes University, graduating with a Bachelor of Arts degree in 1988 and a Bachelor of Laws two years later. In 1993, he graduated at the top of his class with a Master of Laws from Notre Dame University in the United States. He returned to South Africa and was admitted to the South African Bar. Later, he obtained a Higher Diploma in Taxation Law from the University of the Witwatersrand. He also attended and completed the Advanced Management Programme from Harvard University in 2006.
Career
He joined Real Africa Durolink Investment Bank in 1994, working in the bank's "structured finance division" until 2000.
In 2000, he was hired by Standard Bank and was assigned to the Project Finance Division. One year later he was appointed to the group's executive committee. He quickly rose through the ranks and served as the managing director of "Stanbic Africa Holdings Limited", before working as the chief executive of the Personal and Business Banking operation for Standard Bank South Africa.{{cite web |work=Black Entrepreneur Profile (BEP) |title=Sim Tshabalala |date=2024 | url=https://www.blackentrepreneurprofile.com/people/person/sim-tshabalala |access-date=8 June 2024 |location=Toronto, Ontario, Canada |archive-date=8 June 2024 |author=BEP |archive-url=https://web.archive.org/web/20240608130357/https://www.blackentrepreneurprofile.com/people/person/sim-tshabalala |url-status=live }}{{cite web |date=6 October 2023 |url=https://www.stellenboschbusiness.ac.za/blog/2023-10-06-conversation-prof-sim-tshabalala |title=A Conversation With Professor Sim Tshabalala |work=University of Stellenbosch Business School (USBS) |author=USBS |access-date=8 June 2024 |location=Bellville, South Africa |archive-date=8 June 2024 | archive-url=https://web.archive.org/web/20240608140640/https://www.stellenboschbusiness.ac.za/blog/2023-10-06-conversation-prof-sim-tshabalala |url-status=live }}
In 2008 he was appointed CEO of Standard Bank South Africa, and one of three Deputy CEOs of Standard Bank Group. In 2012, he was given additional responsibility for Corporate and Investment Banking (CIB) in South Africa. In 2013 he was promoted to joint CEO of the Standard Bank Group, serving in that role with co-CEO, Ben Kruger. In 2017 Kruger relinquished his role and Tshabalala became the sole Group CEO.
He is reported to be a strong advocate and practitioner of gender equality and women empowerment.{{cite web| work=Uganda Business News (UBN) |url=https://ugbusiness.com/2024/03/company-releases/standard-bank-named-africas-most-valuable-banking-brand-for-third-year-running |title=Standard Bank Named Africa's Most Valuable Banking Brand For Third Year Running |author=UBN |date=8 March 2024 |access-date=2 July 2024 | location=Kampala, Uganda}}
- Note: "Stanbic Africa is the name Standard Bank uses for its operations in some parts of Africa to avoid confusion with UK-based lender Standard Chartered".
Other considerations
Simpiwe Tshabalala is the Vice President and Treasurer of the Institute of International Finance. He is a Fellow of the Institute of Bankers of South Africa and an Honorary Professor at the University of Stellenbosch Business School.
In March 2024, he was ranked "among the 10 Top Bank CEOs" in the 2024 Brand Guardianship Index.{{cite web| url=https://www.businesslive.co.za/bd/companies/financial-services/2024-03-25-native-hat-trick-as-standard-bank-ranked-africas-most-valuable-banking-brand-yet-again/ |work=BusinessDay Live (BDL) |title=Hat-trick as Standard Bank ranked Africa's most valuable banking brand yet again |date=25 March 2024 |author=BDL | access-date=2 July 2024 |location= Johannesburg, South Africa}} He supports the South African government's pursuit of a middle-of-the-road free-market economy and a non-aligned geo-political path.{{cite news| work=Engineering News South Africa |date=4 June 2024 |access-date=2 July 2024 | url=https://www.engineeringnews.co.za/article/standard-banks-tshabalala-confident-south-africas-institutions-will-deliver-post-election-stability-2024-06-04 |title=Standard Bank's Tshabalala Confident South Africa's Institutions Will Deliver Post-Election Stability |author=Terence Creamer |location=Bedfordview, Gauteng, South Africa}}
See also
References
{{reflist}}
External links
- [https://www.standardbank.com/sbg/standard-bank-group/about-us/who-we-are/leadership/Sim,Tshabalala/ Brief Biography at Standard Bank Website]
- [https://www.weforum.org/people/simpiwe-k-tshabalala/ Biography at World Economic Forum Website]
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{{s-bef|before=Ben Kruger (co-CEO)|years=2013 - 2017}}
{{s-ttl|title=Chief Executive Officer of Standard Bank Group Limited|years=2013 - }}
{{s-aft|after= Incumbent}}
{{s-end}}
{{Authority control}}
{{DEFAULTSORT:Tshabalala Simpiwe}}
Category:South African bankers
Category:Harvard University alumni
Category:South African businesspeople
Category:South African chief executives
Category:University of Notre Dame alumni