Former Standard Bank Group Chief Executive Jacko Maree was honoured in London for his contribution to banking in a career spanning more than 32 years.
Mr Maree, who was at the helm of Africa's largest bank for 13 years, received a Lifetime Achievement award from the influential The Banker magazine at its annual bank awards ceremony. The Banker is part of the Financial Times Group of publications.
The Lifetime Achievement award is not made every year. The award is decided by an editorial committee to a person who has made a substantial contribution to banking over the course of a career. Previous winners have been William Rhodes, Citigroup and Michel Pebereau, BNP Paribas. "This accolade is not so much about my achievements, but rather recognition of the stability, soundness and growth of South Africa's financial system over many years, as well as an acknowledgement of Standard Bank's successes in the rest of Africa. Standard Bank has been on the continent for over 150 years and is proud to call itself the leading African financial services organisation", says Mr Maree
Brian Caplen, editor of The Banker, says: "We are delighted to give Mr Maree our Lifetime Achievement award in recognition of his long career at Standard Bank and in his role as CEO since 1999 in building the bank from a domestic South African bank into a formidable regional player. Standard Bank has truly been transformed under Mr Maree's excellent leadership."
Standard Bank Group Chairman, Fred Phaswana, describes Mr Maree as "larger than life".
"Jacko is a man that people respect very deeply - that respect is based on what Jacko has done for the bank over the years. He is very open and very transparent. Jacko is a man of great integrity who has affected so many people in the bank, in government and in South Africa at large." Mr Maree, whose career at Standard Bank started in 1980, was one of the principal architects of the Financial Sector Charter, which had as its vision to promote a transformed, vibrant and globally competitive financial sector. He also saw off the hostile takeover bid by Nedcor in 1999.
One of Mr Maree's most significant achievements was overseeing the strategic partnership between Standard Bank and the Industrial and Commercial Bank of China (ICBC) in 2007. At the time the R36.7 billion ($5.5 billion), 20% equity investment into Standard Bank was the largest foreign direct investment into the country.
During his career, Mr Maree has received numerous peer accolades and awards. In 2005 he was named The Sunday Times Business Leader of the Year. He was also voted by his peers as Moneyweb's CEO of The Year in 2005 and again in 2006.
For three consecutive years, 2007, 2008 and 2009, he was voted "The Most Trusted CEO in South Africa" by Ask Africa's annual Trust Barometer study.
In 2010 the Financial Times named Mr Maree as one of the 50 emerging market business leaders who have helped shape the economic performance of their respective region. In 2012, Forbes Magazine named Mr Maree as one of the 20 most powerful people in African business.
About The Banker magazine
The Banker (www.thebanker.com) is the world's premier banking and finance resource. Read in over 180 countries around the world, The Banker is the key source of data and analysis for the industry. Its unique database of more than 4000 banks maps their financial strength and soundness via Tier 1 capital, their profitability, and their performance versus their peers.
The Banker has been providing global financial intelligence since 1926 and has built a reputation for objective and incisive reporting on major events.
The Banker's senior editors travel the world to interview senior bankers and world, leaders, giving the magazine a unique insight on global trends.
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