Liberty FD Yuresh Maharaj appointed as new CEO
Yuresh becomes CEO of Liberty Holdings as David Munro joins the Standard Bank board.
Liberty Holdings has announced that financial director Yuresh Maharaj has taken over from David Munro as the group’s CEO.
"I am humbled and privileged that the Liberty and Standard Bank Group afforded me the opportunity to lead an organisation with such a deep heritage and rich purpose," Yuresh says about his appointment. "The Covid-19 pandemic over the last two years has definitely enforced our purpose. We have an exciting journey ahead being part of the Standard Bank Group."
The appointment follows the appointment of David as an executive within Standard Bank, tasked with overseeing the integration of Liberty into the bank as it concludes its merger.
Yuresh plans to "prioritise and sequence the most impactful programs of work in the context of enhanced client and advisory experience to restore Liberty's competitiveness. I will be working closely with David on the integration of Liberty into Standard Bank, and leverage the opportunities that exist with the wider group."
Yuresh joined Liberty in September 2015 as executive head of finance, and was promoted to FD in 2018. Before joining Liberty, he was a partner at Deloitte within the insurance and actuarial practice – a post he held for nine years. "I have been an executive director and part of the leadership team who assisted in co-creating the strategic path that Liberty has embarked on to be a 'human-advice-led business, augmented with technology'. I fully support this strategy and hence having a deep understanding of the business over the last 4 years as FD will assist me with a seamless continuation of our strategic execution," he explains.