Board of directors as at 31 December 2013



  • Ben Kruger (54)
    Ben Kruger
    Group chief executive of SBG, and an executive director of SBSA

    BCom (Hons) (Pretoria), CA(SA), AMP (Harvard)

    Appointed 2013

    Ben is group chief executive of SBG, and an executive director of SBSA. He is chairman of Standard Bank Plc, and a director of Stanbic Africa Holdings. In 2013, Ben was appointed group chief executive of SBG.

    Board committee memberships
    • group social and ethics committee
    • group model approval committee (chairman)
    • SBSA large exposure credit committee
    Other appointments
    • Standard Bank Plc (chairman)
    • Stanbic Africa Holdings
  • Fred Phaswana (69)
    Fred Phaswana
    Chairman of SBG and SBSA

    BA, BA (Hons) and MA (Unisa), BCom (Hons) (RAU), BA (Philosophy, Politics and Economics) (Unisa)

    Appointed 2009

    Fred Phaswana 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 the World Wildlife Fund South Africa and Business Leadership South Africa, and was the honorary president of the Cape Town Press Club.

    Board 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
    Other appointments
    • South African Institute of International Affairs (chairman)
    • Mondi Plc (joint chairman)
    • Mondi Limited (joint chairman)
    • Naspers
  • Hongli Zhang (49)
    Hongli Zhang
    Joint deputy chairman of SBG

    Masters Degree in Plant Genetics (Alberta), MBA (Santa Clara)

    Appointed 2010,
    resigned 16 January 2014

    Hongli Zhang was the joint deputy chairman of SBG until his resignation from the board. 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.

    Board committee memberships
    • group directors’ affairs committees
    • group risk and capital management committees
  • Kgomotso Moroka (59)
    Kgomotso Moroka
    Independent non-executive director of SBG and SBSA

    BProc (University of the North), LLB (Wits)

    Appointed 2003

    Kgomotso Moroka is a senior advocate who 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 and the Apartheid Museum.

    Board committee memberships
    • group/SBSA directors’ affairs committees
    Other appointments
    • Gobodo Forensic and Investigative Accounting (chairman)
    • Royal Bafokeng Platinum (chairman)
    • South African Breweries
    • Multichoice South Africa Holdings
    • Netcare
  • Koosum Kalyan (58)
    Koosum Kalyan
    Independent non-executive director of SBG and SBSA

    BCom (Hons) (Durban-Westville)

    Appointed 2007

    Koosum Kalyan was a non-executive director until her resignation. She 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.

    Board committee memberships
    • group social and ethics committee
    Other appointments
    • Edgo Merap (chairman)
    • AOS Orwell (Nigeria)
    • Aker Solutions Oil and Gas
    • MTN Group
    • Omega Risk Solutions
    • Hayleys Energy Services
    • Petmin Mining
    • South Africa Bank Note Company, a subsidiary of SARB
  • Lord Smith of Kelvin, Kt (69)
    Lord Smith of Kelvin, Kt
    Independent non-executive director of SBG and SBSA

    CA, Fellow of the Institute of Bankers (Scotland), Honorary Degrees (Edinburgh, Glasgow, Paisley)

    Appointed 2003

    Lord Smith was formerly chairman of the Weir Group Plc, 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 positions in the financial services industry and is past president of the Institute of Chartered Accountants of Scotland.

    Board committee memberships
    • group/SBSA audit committees
    Other appointments
    • Scottish and Southern Energy (chairman)
    • Glasgow 2014 Commonwealth Games Organising Committee (chairman)
    • UK Green Investment Bank (chairman)
  • Myles Ruck (58)
    Myles Ruck
    Independent non-executive director of SBG and SBSA

    BBusSc (Cape Town), PMD (Harvard)

    Appointed 2002

    Myles Ruck was previously chief executive of SCMB, deputy chief executive of SBG and chief executive of Liberty Group.

    Board committee memberships
    • group/SBSA risk and capital management committees (chairman)
    • SBSA large exposure credit committee (chairman)
    Other appointments
    • ICBC (Argentina) (vice chairman)
    • Mr Price Group
    • Thesele Group
  • Peter Sullivan (65)
    Independent non-executive director of SBG and SBSA

    BSc (Physical Education) (University of NSW)

    Appointed 2013

    Peter Sullivan was previously chief executive of Standard Chartered Bank, Africa and an executive director and chief executive of Standard Chartered Bank, Hong Kong.

    Board committee memberships
    • group/SBSA audit committees
    • group/SBSA risk and capital management committees
    Other appointments
    • Healthcare Locums Plc (chairman)
    • Winton Capital Management Limited (chairman)
    • Techtronic Industries
    • AXA China Region
    • AXA Asia
    • Standard Bank Plc
  • Richard Dunne (65)
    Richard Dunne
    Independent non-executive director of SBG and SBSA

    CTA (Wits), CA (SA)

    Appointed 2009

    Richard Dunne was previously the chief operating officer of Deloitte, South Africa.

    Board committee memberships
    • group/SBSA audit committees (chairman)
    • group/SBSA risk and capital management committees
    Other appointments
    • Anglo American Platinum
    • AECI
    • Tiger Brands
  • Saki Macozoma (56)
    Saki Macozoma
    Joint deputy chairman of SBG and non-executive director of SBSA

    BA (Unisa), BA (Hons) (Boston)

    Appointed 1998

    Saki Macozoma is a member of the board of governors of Rhodes University. He is chairman of the KwaZulu-Natal Philharmonic Orchestra. In 1997, he was appointed as managing director of Transnet, until his resignation in early 2001.

    Board committee memberships
    • group/SBSA directors' affairs committees
    • group/SBSA risk and capital management committees
    • group remuneration committee
    • group social and ethics committee (chairman)
    Other appointments
    • Liberty Holdings (chairman)
    • Stanlib (chairman)
    • Tshipi é Ntle Manganese Mining (chairman)
    • Ntsimbintle Mining (chairman)
    • Safika Holdings (chairman)
    • VW South Africa
    • Business Leadership South Africa (president)
  • Sim Tshabalala (46)
    Sim Tshabalala
    Group chief executive of SBG and chief executive of SBSA

    BA LLB (Rhodes), LLM (University of Notre Dame USA), HDip Tax (Wits),
    AMP (Harvard)

    Joined the group 2000,
    appointed to exco 2001

    Sim is group chief executive of SBG, chief executive of SBSA, a director of Tutuwa Community Holdings and the chairman of BASA. In 2013, Sim was appointed group chief executive of SBG.

    Board committee memberships
    • group social and ethics committee
    • SBSA large exposure credit committee
    Other appointments
    • Liberty Holdings
    • Liberty Group
    • Stanbic IBTC Bank
    • Stanbic Africa Holdings (chairman)
    • Tutuwa Community Holdings
    • BASA (chairman)
  • Simon Ridley (58)
    Simon Ridley
    Group finance director and executive director of SBG and SBSA

    BCom (Natal), CA (SA), AMP (Oxford)

    Appointed 2009

    Simon Ridley is the group’s chief financial officer and 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 2014, he was appointed director, Standard Bank London Holdings Limited.

    Board committee memberships
    • group model approval committee
    • SBSA large exposure credit committee
    Other appointments
    • Standard International Holdings
    • Stanbic Africa Holdings
    • SBIC Investments
    • Standard Bank London Holdings
    • Tutuwa Staff Holdings
    • Tutuwa Community Holdings
  • Ted Woods (67)
    Ted Woods
    Independent non-executive director of SBG and SBSA

    BCom (Wits), MBA (Cape Town), CA (SA), CFA

    Appointed 2007

    Ted Woods was previously chairman of Deutsche Securities, South Africa.

    Board committee memberships
    • group remuneration committee (chairman)
    • group/SBSA audit committees
    • group/SBSA risk and capital management committees
  • Thulani Gcabashe (56)
    Thulani Gcabashe
    Independent non-executive director of SBG and SBSA

    BA (Botswana and Swaziland), Masters in Urban and Regional Planning (Ball State)

    Appointed 2003

    Previously, Thulani Gcabashe was chief executive of Eskom and a director of the National Research Foundation.

    Board committee memberships
    • group/SBSA directors’ affairs committees
    • group/SBSA audit committees
    Other appointments
    • Imperial Holdings (chairman)
    • Built Environment Africa Capital (executive chairman)
    • MTN Zakhele (chairman)
  • Yagan Liu (40)
    Yagan Liu
    Non-executive director of SBG

    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 was a non-executive director of SBG until his resignation from the board. He was chief representative of the ICBC Africa representative office, and the leader of the ICBC work team in SBG.

    Board 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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