Johannesburg – Kenny Fihara, Deputy Chief Executive and Chief Executive Officer and Chief Executive Officer of Standard Banks, South Africa, has resigned.
Standard Bank Group CEO Sim Tshabalala announced his resignation on Monday (17th March 2025). “Sim Tshabalala, who filed a motion for resignation last night by SBSA's Deputy Chief Executive and Chief Executive Officer Kenny Fihla, said:
Tshabalala added: “He will continue his garden vacation as of today.
“This is a big blow to us, but the group is blessed with talent and a deep inheritance pool.
“A further announcements on our local leadership will be made in the future.”
Fihla joined SBSA in 2006 and joined Corporate & Investment Banking (CIB) as an executive in the Financial Asset Services business.
He played a variety of roles at the CIB, including Transaction Products & Services Officer, Client Coverage Officer and Deputy Chief Executive Officer, before being appointed Chief Executive Officer in June 2017.
“Kenny has made a significant contribution to our group in his various roles throughout his career with us and is recognized as a skilled banker and leader in South Africa, the continent and worldwide,” says Tshabalala.
“Under his guardianship as CEO from 2017 to 2024, the CIB doubled headline revenues to R20.5 billion, achieving a combined annual growth rate of 8.6%.
“We are fortunate to have been able to leverage his unique combination of experience and wisdom in business, government and labor movements.
“I hope Kenny continues to succeed with his progress.”
