As CEO of one of SA’s big-four banks, Sim Tshabalala is driving expansion into Africa
Sim Tshabalala, the chief executive of Standard Bank South Africa and one of three deputy CEOs of the Standard Bank Group (Africa’s largest banking group, with assets of R1.34-trillion and earnings of R11.3-billion in 2010), is driving his organisation’s Africa developmental agenda.
He has been at the helm of Standard Bank South Africa since June 2008 and was appointed group deputy CEO in April 2009.
Born in the late 1960s in Hlabisa, KwaZulu-Natal, Tshabalala attended school at Sacred Heart College in Johannesburg. He holds a Bachelor of Arts and of Law from Rhodes University; a master of laws degree from the University of Notre Dame in Indiana, United States; a higher diploma in Taxation Law from the University of the Witwatersrand; and he completed the Advanced Management Programme at Harvard University.
His career has spanned the legal and financial industries, having worked at Bowman Gilfillan as a candidate attorney and later as a professional assistant, before moving on to Real Africa Durolink Investment Bank as executive director from 1998 to 2000. He then joined Standard Bank where he quickly rose through the ranks, holding numerous positions within the group, including that of managing director of Standard Bank Africa from 2001 to 2006.
Tshabalala currently serves on the main board of the Banking Association of South Africa and has previously been a board member of the Financial Sector Charter Council.
He won the CNBC Africa Business Success in Africa Award 2011, which pays tribute to CEOs and leaders in business and organisations who distinguish themselves through growth and expansion in Africa. Criteria for this award stipulates that nominees must have transformed their company through their Africa expansion strategy and be leading, innovative figures in that organisation’s business practices, management, production and operations.