Board of directors as at 31 December 2012



  • Ben Kruger (53)
    Ben Kruger
    BCom (Hons) (Pretoria),
    CA (SA), AMP (Harvard)

    Joined the group 1985,
    appointed to exco 2000

    Ben is the incoming joint group chief executive of SBG, and an executive director of SBG and SBSA. He is chairman of Standard Bank Plc, and a director of Stanbic IBTC Bank and Stanbic Africa Holdings. Ben joined the group in 1985 taking up various roles in SCMB. In 1998, he was appointed deputy chief executive of SCMB and chief executive of SCMB in 2001. From 2006 to 2008, he held the position of chief executive of global CIB and assumed the position of deputy group chief executive of SBG in 2009. In 2011, in his capacity as deputy group chief executive, Ben assumed responsibility for both the CIB and PBB business lines.

  • Chris Nissen (54)
    Chris Nissen
    BA (Hons), MA Humanities (Cape Town), Diploma in Theology

    Appointed 2003

    Chris Nissen is an independent non-executive director of SBG and SBSA. He is chairman of Cape Empowerment and Ascension Properties and a director of Woolworths.

    Committee memberships

    • group social and ethics committee
  • Cyril Ramaphosa (60)
    Cyril Ramaphosa
    BProc (Unisa)

    Appointed 2004

    Retired 30 May 2013

    Cyril Ramaphosa was a non-executive director of SBG and SBSA. He is chairman of Shanduka Group, Auram Restaurants Company (t/a McDonalds SA), the Bidvest Group and MTN Group. He is co-chairman of Macsteel Services Centre SA and Mondi Plc. Cyril is a director of Alexander Forbes Equity Holdings, Kangra Coal, SABMiller Plc, TBWA Hunt Lascaris and Tutuwa Strategic Holdings 1.

    Committee memberships

    • group/SBSA directors’ affairs committees
  • Doug Band (68)
    Doug Band
    BCom (Wits), CA (SA)

    Appointed 1997

    Doug Band is an independent non-executive director of SBG and SBSA. He currently serves as a director of Bidvest Group, Gymnogene Investments and MIH Holdings. Previously, Doug served as managing director of CNA Gallo, chief executive of Argus Holdings Group and chairman and chief executive of Premier Group.

    Committee memberships

    • group/SBSA directors’ affairs committees
    • group/SBSA risk and capital management committees
    • group remuneration committee
    • SBSA large exposure credit committee
  • Fred Phaswana (68)
    Fred Phaswana
    BA, BA (Hons) and MA (Unisa), BCom (Hons) (RAU), BA (Philosophy, Politics and Economics) (Unisa)

    Appointed 2009

    Fred Phaswana is the chairman of SBG and SBSA. He is also the chairman of the South African Institute of International Affairs and a non-executive director on the board of Naspers.

    Fred was previously regional president of BP Africa and chairman of Anglo American South Africa, Anglo Platinum, Transnet, Ethos Private Equity, the South African Energy Association and the advisory board of the Cape Town Graduate School of Business. He is former vice chairman of World Wildlife Fund South Africa and Business Leadership South Africa, and was the honorary president of the Cape Town Press Club.

    Committee memberships

    • group/SBSA directors’ affairs committees (chairman)
    • group/SBSA risk and capital management committees
    • group remuneration committee
    • group social and ethics committee
    • SBSA large exposure credit committee
  • Hongli Zhang (48)
    Hongli Zhang
    Masters Degree in Plant Genetics (Alberta), MBA (Santa Clara)

    Appointed 2010

    Hongli Zhang is the joint deputy chairman of SBG. He is a senior executive vice president of ICBC. He was previously chairman of Deutsche Bank, China, executive director of Goldman Sachs, Asia and a director of Schroders Plc.

    Committee memberships

    • group directors’ affairs committee
    • group risk and capital management committee
  • Jacko Maree (57)
    Jacko Maree
    BCom (Stellenbosch), MA (Oxford), PMD (Harvard)

    Appointed 1997

    Retired 7 March 20131

    Jacko Maree was the chief executive of SBG and a director of SBSA, Liberty Holdings, Stanbic Africa Holdings and Stanbic IBTC Bank. He is a director of Standard Bank Plc and a member of the board of the Institute of International Finance.

    1On 7 March 2013 Jacko Maree retired as the chief executive of SBG and resigned from the SBG, SBSA, Liberty Holdings, Stanbic Africa Holdings and Stanbic IBTC Bank boards of directors.

  • Kgomotso Moroka (58)
    Kgomotso Moroka
    BProc (University of the North), LLB (Wits)

    Appointed 2003

    Kgomotso Moroka is an independent non-executive director of SBG and SBSA. She is chairman of Gobodo Forensic & Investigative Accounting and is a director of Multichoice South Africa Holdings, Netcare and South African Breweries. Kgomotso is a senior advocate. She has acted as a judge in the Witwatersrand Local Division and was past chairperson of Advocates for Transformation (Johannesburg branch). She is currently a trustee of the Nelson Mandela Children’s Fund, Project Literacy, the Market Theatre, the Apartheid Museum and Tswaranang Legal Advocacy Centre.
  • Koosum Kalyan (57)
    Koosum Kalyan
    BCom (Hons) (Durban-Westville)

    Appointed 2007

    Koosum Kalyan is an independent non-executive director of SBG and SBSA. She is chairman of Edgo Merap and a director of AOS Orwell (Nigeria), MTN Group, Omega Risk Solutions, Hayleys Energy Services, Petmin Mining, and South African Mint Company and South African Bank Note Company, both subsidiaries of SARB. Koosum was previously senior business development manager at Shell International Exploration and Production in London, general manager for Shell Southern Africa, senior economist at the Chamber of Mines and economist at the Electricity Commission of Victoria, Melbourne Australia.

    Committee memberships

    • group social and ethics committee
  • Lord Smith of Kelvin, Kt (68)
    Lord Smith of Kelvin, Kt
    CA, Fellow of the Institute of Bankers (Scotland), Honorary Degrees (Edinburgh, Glasgow, Paisley)

    Appointed 2003

    Lord Smith is an independent non-executive director of SBG and SBSA. He is chairman of Scottish and Southern Energy, The Weir Group, 2014 Glasgow Commonwealth Games Organising Committee and UK Green Investment Bank.

    Lord Smith was formerly chairman and chief executive of Morgan Grenfell Private Equity, chief executive of Morgan Grenfell Asset Management and vice chairman of Deutsche Asset Management. He has also held a number of other positions in the financial services industry and is past president of the Institute of Chartered Accountants of Scotland.

    Committee memberships

    • group/SBSA audit committees
  • Myles Ruck (57)
    Myles Ruck
    BBusSc (Cape Town), PMD (Harvard)

    Appointed 2002

    Myles Ruck is an independent non-executive director of SBG and SBSA. He is director of Industrial and Commercial Bank of China (Argentina), Aveng, Mr Price Group and Thesele Group.

    Myles was previously chief executive of Standard Corporate and Merchant Bank, deputy chief executive of SBG and chief executive of Liberty Group.

    Committee memberships

    • group/SBSA risk and capital management committees (chairman)
    • SBSA large exposure credit committee (chairman)
  • Richard Dunne (64)
    Richard Dunne
    CTA (Wits), CA (SA)

    Appointed 2009

    Richard Dunne is an independent non-executive director of SBG and SBSA. He currently serves on the boards of Anglo American Platinum, AECI and Tiger Brands, and was previously the chief operating officer of Deloitte, South Africa.

    Committee memberships

    • group/SBSA audit committees (chairman)
    • group/SBSA risk and capital management committees
  • Saki Macozoma (55)
    Saki Macozoma
    BA (Unisa), BA (Hons) (Boston)

    Appointed 1998

    Saki Macozoma is the joint deputy chairman of SBG and a non-executive director of SBSA. He is chairman of Liberty Holdings, Stanlib, Tshipi é Ntle Manganese Mining, Ntsimbintle Mining and Safika Holdings. He is a director of VW South Africa and various Safika subsidiaries including Tutuwa Strategic Holdings 2. He is the current president of Business Leadership South Africa.

    Committee memberships

    • group social and ethics committee (chairman)
    • group remuneration committee
    • group/SBSA directors’ affairs committees
    • group/SBSA risk and capital management committees
  • Sim Tshabalala (45)
    Sim Tshabalala
    BA LLB (Rhodes), LLM (University of Notre Dame USA), HDip Tax (Wits),
    AMP (Harvard)

    Joined the group 2000,
    appointed to exco 2001

    Sim is the incoming joint group chief executive of SBG, current chief executive of SBSA, an executive director of SBG and SBSA, a director of Tutuwa Community Holdings and the chairman of BASA. Sim joined the group in 2000 in the project finance division of SCMB. From 2001 to 2006 he was managing director of Stanbic Africa, and from 2003 he served concurrently as deputy chief executive of PBB. He was appointed chief executive of PBB in 2006. In June 2008, he became chief executive of SBSA. In 2009, Sim was appointed deputy chief executive of SBG. Sim is a member of the group social and ethics committee, SBSA large exposure credit committee and the group model approval committee.

  • Simon Ridley (57)
    Simon Ridley
    BCom (Natal), CA (SA), AMP (Oxford)

    Appointed 2009

    Simon Ridley is an executive director of SBG and SBSA. He serves as a director of Standard International Holdings, Stanbic Africa Holdings and SBIC Investments, as well as Tutuwa Staff Holdings and Tutuwa Community Holdings. In addition, Simon is the group’s financial director.

    Committee memberships

    • SBSA large exposure credit committee
  • Ted Woods (66)
    Ted Woods
    BCom (Wits), MBA (Cape Town), CA (SA), CFA

    Appointed 2007

    Ted Woods is an independent non-executive director of SBG and SBSA. He was previously chairman of Deutsche Securities, South Africa.

    Committee memberships

    • group remuneration committee (chairman)
    • group/SBSA audit committees
    • group/SBSA risk and capital management committees
  • Thulani Gcabashe (55)
    Thulani Gcabashe
    BA (Botswana and Swaziland), Masters in Urban and Regional Planning (Ball State)

    Appointed 2003

    Thulani Gcabashe is an independent non-executive director of SBG and SBSA. He is currently chairman of Imperial Holdings and executive chairman of Built Environment Africa Capital. He serves on the boards of MTN-Zakhele and Passenger Rail Agency of South Africa. Previously, he was chief executive of Eskom and a director of the National Research Foundation.

    Committee memberships

    • group/SBSA directors’ affairs committees
    • group/SBSA audit committees
  • Yagan Liu (39)
    Yagan Liu
    Chinese Certified Public Accountant, International Certified Internal Auditor, MA in Accounting (Beijing Technology Business University), Doctorate in Accounting (Research Institute for Fiscal Science, Ministry of Finance)

    Appointed 2008

    Yagan Liu is a non-executive director of SBG. He is currently chief representative of ICBC African representative office and is the leader of the ICBC work team in SBG.

    Committee memberships

    • group directors’ affairs committee (alternate director to Hongli Zhang)
    • group risk and capital management committee (alternate director to Hongli Zhang)



Note: On 7 March 2013, Ben Kruger and Sim Tshabalala were appointed as joint group chief executives and directors of SBG. Peter Sullivan and Peter Wharton-Hood were appointed as directors on the SBG and SBSA boards on 15 January 2013 and 7 March 2013, respectively

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