Our Directors

Thulani Gcabashe

Chairman, SBG and SBSA

Appointed 2003
Appointed chairman 2015

  • BA (Botswana and Swaziland)
  • Master's degree in urban and regional planning (Ball State)

Thulani Gcabashe was previously the chairman of Imperial Holdings, chief executive of Eskom and a director of the National Research Foundation.

External appointments
  • Built Environmental Africa Capital (chairman) and related entities
  • African Olive Trading 160
Board Committees

Directors' Affairs Committee (Chairman)
Group Risk and Capital Management Committee
Group Remuneration Committee
Group Social & Ethics Committee
SBSA large exposure credit committee

Shu Gu

Deputy chairman and non-executive director, SBG

Appointed 2014
  • Bachelor's degree in engineering (Shanghai Jiaotong University)
  • Master's degree in economics (Dongbei University of Finance and Economics)
  • Doctorate degree in economics (Shanghai University of Finance and Economics)

Dr Shu Gu has served as a senior executive vice president of the Industrial and Commercial Bank of China (ICBC) since 2013. He joined ICBC in 1998 and was appointed as general manager of finance and accounting department in 2006. In 2008, he was appointed as board secretary and concurrently general manager of corporate strategy and investor relations department. He became president of ICBC Shandong Branch in 2010

Board Committees

Group risk and capital management committee
Directors' affairs committee
Group IT committee

André Parker

Independent non-executive director, SBG and SBSA

Appointed 2014
  • BEcon (University of Stellenbosch)
  • BEcon (Hons) (University of Stellenbosch)
  • MCom (University of Stellenbosch)

André Parker was previously managing director for Africa and Asia, SAB Miller Plc.

External appointments
  • Tiger Brands (chairman)
  • Distell
  • Empresas Carozzi (Chile)
Board Committees

Group Remuneration Committee
Directors’ affairs committee
SBSA large exposure credit committee
Group IT committee

Arno Daehnke

Group chief financial officer and executive director of SBG and SBSA
  • BSC (UCT)
  • MSC (UCT)
  • PHD (Vienna University of Technology)
  • MBA (Milpark University)
  • AMP (Wharton)

Arno Daehnke succeed Simon Ridley as the Group financial officer with effect from 1 May 2016.

He has held the position of Head of Group Treasury and Capital Management since 2010 and has extensive experience in key financial aspects in which the group operates, particularly financial planning under varying macroeconomics scenarios, managing a complex banking group balance sheet in volatile financial markets and a deep understanding of both local and international bank regulatory frameworks.

Board Committees

Group IT Committee
Group Model Approval Committee
SBSA Large exposure credit committee

Atedo Peterside con

Independent non-executive director, SBG and SBSA

Appointed 2014
  • BSc (economics) (The City University, London)
  • MSc (economics) (London School of Economics and Political Science)
  • Owner/President Management Programme (Harvard Business School)

    • Atedo Peterside CON was the Chairman of the Committee on Corporate Governance of Public Companies which crafted the first Code of Best Practices for Public Companies operating in Nigeria (published 2003). He is the founder of Stanbic IBTC Bank Plc, where he was the chief executive (then IBTC) from 1989 until 2007 and chairman from 2007 until September 2014. He is currently the chairman of Stanbic IBTC Holdings Plc.


      External appointments
    • ANAP Business Jets Limited and other family owned entities (chairman)
    • Cadbury Nigeria Plc (chairman)
    • Flour Mills of Nigeria Plc
    • Nigerian Breweries Plc
    • Unilever Nigeria Plc

    Board Committees

    Group/SBSA Audit Committee
    Group IT Committee

Ben Kruger

Group chief executive, SBG, and executive director, SBSA
Chairman, model approval committee

Appointed 2013
  • BCom (Hons) (Pretoria)
  • CA (SA)
  • AMP (Harvard)

Ben Kruger is the group chief executive of SBG, and executive director of SBSA. He previously served as chairman of Standard Bank Plc.

Ben joined the group in 1985, taking up various roles in Standard Corporate Merchant Bank (SCMB). In 1998, he was appointed deputy chief executive of SCMB and chief executive of SCMB in 2001. He was appointed to group exco in 2000. From 2006 to 2008, he held the position of chief executive of global Corporate & Investment Banking (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 Personal & Business Banking (PBB) business lines. In 2013, he was appointed group chief executive of SBG.

Other appointments
  • ICBC Standard Bank Plc
  • Stanbic Africa Holdings
  • Institute of International Finance
  • Leadership for Conservation in Africa
Board Committees

Group Model Approval Committee (Chairman)
Group Social & Ethics Committee
SBSA large exposure credit committee
Group IT Committee

Kgomotso Moroka

Independent non-executive director, SBG and SBSA
Chairman, group social and ethics committee

Appointed 2003
  • BProc (University of the North)
  • LLB (Wits)

Advocate Kgomotso Moroka is a senior advocate and for 15 years was a member of the Judicial Services Commission. She is currently a trustee of the Nelson Mandela Children's Fund, Project Literacy and the Apartheid Museum.

External appointments
  • Gobodo Forensic and Investigative
  • Accounting (chairman)
  • Grinding Power (chairman)
  • Kalagadi Manganese
  • Royal Bafokeng Platinum (chairman)
  • Temitayo (chairman)
  • South African Breweries
  • Multichoice South Africa Holdings
  • Netcare
Board Committees

Group social and ethics committee (chairman)
Group risk and capital management committee
Directors' affairs committee

Martin Luke Oduor-Otieno

Independent non-executive director, SBG and SBSA

Appointed 2016
  • BCom (accounting) (University of Nairobi)
  • Executive MBA (ESAMI/Maastricht Business School)
  • Honorary doctorate of business leadership (KCA University)

Dr Martin Oduor-Otieno was previously the chief executive officer of the Kenya Commercial Bank Group. He is currently an independent business advisor, having retired as partner at Deloitte East Africa.

He is a fellow of the Kenya Institute of Bankers and Institute of Certified Public Accountants of Kenya and a member of the Institute of Certified Public Secretaries of Kenya and the Institute of Directors of Kenya.

External appointments
  • GA Life Insurance Company
Board Committees

Group Social and Ethics Committee
Group/SBSA Audit Committee

Myles Ruck

Independent non-executive director, SBG and SBSA
Chairman, GRCMC and the SBSA large exposure credit committee

Appointed 2002
  • BBusSc (University of Cape Town)
  • PMD (Harvard)

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

External appointments
  • ICBC (Argentina) (vice chairman)
  • Mr Price Group
Board Committees

Group Risk and Capital Management Committee (chairman)
SBSA large exposure credit committee (chairman)
Directors’ affair committee

Peter Sullivan

Independent non-executive director, SBG and SBSA
Chairman, IT committee

Appointed 2013
  • BSc (physical education) (University of New South Wales)

Peter Sullivan was previously chief executive of Standard Chartered Bank, Africa, and an executive director and chief executive of Standard Chartered Bank, Hong Kong. He previously served as a director on Standard Bank Plc.

External appointments
  • AXA China Region
  • AXA Asia
  • Healthcare Locums Plc (chairman)
  • Techtronic Industries
  • Winton Capital Group Limited
Board Committees

Group remuneration committee (Chairman)

Richard Dunne

Independent non-executive director, SBG and SBSA
Chairman, audit committee

Appointed 2009
  • CTA (Wits)
  • CA (SA)

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

External appointments
  • Anglo American Platinum
  • AECI
Board Committees

Group/ SBSA Audit Committee (Chairman)
Group Risk and Capital Management Committee
Group IT Committee

Sim Tshabalala

Group chief executive, SBG, and chief executive, SBSA

Appointed 2013
  • BA LLB (Rhodes)
  • LLM (University of Notre Dame, USA)
  • HDip Tax (Wits)
  • AMP (Harvard)

Sim Tshabalala is the group chief executive of SBG, and the chief executive of SBSA.

Sim joined the group in 2000 in the project finance division of SCMB and was appointed to group exco in 2001. 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 was appointed chief executive of SBSA. In 2009, he was appointed deputy chief executive of SBG. In 2013, he was appointed chief executive of SBG.

Other appointments
  • Liberty Holdings
  • Liberty Group
  • Stanbic IBTC Bank (chairman)
  • Stanbic Africa Holdings (chairman)
  • Tutuwa Community Holdings
  • Banking Association of South Africa (BASA)
Board Committees

Group social and ethics committee
SBSA large exposure credit committee
Group IT committee

Swazi Tshabalala

Independent non-executive director, SBG and SBSA

Appointed 2014
  • BA (economics) (Lawrence University, USA)
  • MBA (Babcock School of Management, Wake Forest University)

Swazi Tshabalala was previously the chief executive officer of the Industrial Development Group. Since 2013, she has been an executive director of Kupanua Investments.

External appointments
  • Barbican Engineering Solutions
  • Barbican Advisory Group
  • Liberty Group
  • Liberty Holdings
  • Luxehold
  • Top Form Trading 7
  • Vivicite Africa Luxury Holdings
  • XAU Investments
Board Committees

Group/ SBSA Audit Committee
Group model approval committee
Group Risk and Capital Management Committee

Ted Woods

Independent non-executive director, SBG and SBSA

Appointed 2007
  • BCom (Wits)
  • CA (SA)
  • MBA (Cape Town)
  • CFA
Board Committees

Group remuneration committee
Group/ SBSA Audit Committee
Group Risk and Capital Management Committee

Wenbin Wang

Non-executive director, SBG

Appointed 2014
  • Bachelor's degree in economics
  • Master's degree in business administration
  • PhD (management) (Renmin University of China)
  • Wenbin Wang joined ICBC in 2000. He previously held various positions at ICBC, including deputy general manager of the corporate strategy and investor relations department and senior executive vice president of ICBC Xi'an Branch. (as alternate to Shu Gu)

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+27 11 299 4701

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