Letshego Holdings appoints former Standard Chartered Bank global COO Andrew Okai as group CEO

The appointment will come into effect once all local and regulatory requirements have been met.

JSE-listed Letshego Holdings has announced the conclusion of its executive search for a permanent group CEO. 

The group has appointed former global COO of the Standard Chartered Bank’s retail division Andrew Fening Okai as the pan-African lender’s new leader, pending local and regulatory approvals.

He will be taking over from Dumisani Ndebele, Letshego’s interim group CEO. 

Andrew has more than 20 years’ international banking experience. He is the founder of Precept Human Capital

He has held various senior roles with the Standard Chartered Bank including head of operational excellence, regional head of transaction banking, and executive director of consumer banking. 

Prior to joining Standard Chartered Bank, Andrew was a management trainee at Unilever Ghana

He holds a chartered banker MBA degree from the Bangor University in Wales, a diploma in business administration and management from the Henley Business School in the UK, and an M.Sc in food processing technology from the Kuban State Technological University in Russia. 

About the appointment, Letshego group chairman Enos Banda said:

“Andrew’s career path denotes multi-geography financial expertise in diverse disciplines within a retail banking environment, including governance, strategy, risk and strategic transformation. His experience is not only drawn from Africa, but from diverse emerging markets internationally. I am confident Andrew will bring the leadership, vision and strategic insight Letshego needs to secure our next phase of focus and impact, all while empowering existing and future leaders across our business and delivering long term value for our investors.”