David Munro new Liberty CEO

Standard Bank corporate and investment banking (CIB) CEO David Munro (pictured) has taken over as CEO of Liberty in the wake of Thabo Dloti’s unexpected departure. Standard Bank holds a 54 percent share in Liberty.

Chairman Jacko Maree has been quoted as saying that Munro has an "excellent track record" and is a "deeply experienced manager who … can restore Liberty to its former glory". He also said that none of Liberty's younger leaders were quite ready for the role, hence the decision to appoint Munro into the position.

Munro has headed CIB since 2011. He will be handing over the reigns to his deputy, Kenny Fihla.