Discovery Bank appoints Francois Groepe as deputy CEO

Groepe says he is looking forward to being part of the structural change of SA's financial services landscape.

Discovery has announced the appointment of former South African Reserve Bank deputy governor Francois Groepe as deputy CEO of Discovery Bank as of 1 August. 

About his appointment, Groepe said: 

“The South African financial services landscape is undergoing significant structural change and Discovery Bank, which is the world’s first behavioural bank, will be playing a key role in this changed landscape. I look forward to being part of this exciting transition.”

Groepe served on the South African Reserve Bank board of directors for 14 years, seven of which he served as an executive with oversight over various functions, including the Fintech Unit. 

Prior to this, Groepe was the group managing director and CEO of Media24.

Discovery Bank CEO Barry Hore said the company is pleased to welcome Groepe, “who brings with him tremendous experience in both the corporate and regulatory environments”. Hore said that Groepe will be a valuable addition to the team. 

Discovery CEO Adrian Gore also welcomed Groepe saying: 

“The bank is in an excellent position, now focused on providing a seamless experience to clients as it opens up more broadly in the coming weeks. Francois joins at an incredibly exciting time and complements the dynamic and purpose-driven team that has dedicated itself to building a world-class digital bank.”

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