Standard Bank

Standard Bank offers a range of banking and related financial services.

Articles

08 November 2017

The CFO must be a leading voice, says Sihlalo Jordan, Deloitte's deputy CE

“Every CFO is now a strategic partner to the organisation and has to be,” says Mgcinisihlalo Jordan, partner and deputy Chief Executive for Deloitte Africa. Better known as Sihlalo, the former leader of the firm’s financial services practice in Africa has an astute understanding of what should be expected of modern finance leaders. CFOs should champion the rise of disruptive technologies within their organisations, he said during an exclusive interview with CFO South Africa, where he also spoke about finance leaders’ responsibility to promote an aligned strategy, future-focussed technology and shining integrity.

07 November 2017

Navigate your future: CFOs flock to 'super summit' on 16 November

There is a lot at stake right now and your career and your business require that you make smart choices if you want to effectively navigate your way into 2018. And smart choices start with good information. The final CFO Summit of the year features boasts peer-to-peer learning and debates, plus exclusive insights on South Africa’s economic and political future from leading economist Goolam Ballim (Standard Bank), ZAR X CEO Etienne Nel and Deloitte's deputy CEO Mgcinisihlalo Jordan.

06 November 2017

The future of Africa is trade, says Standard Bank's Group Head of Trade, Vinod Madhavan

The responsibility of Group Head of Trade is both humbling and exciting, says Vinod Madhavan, whose career has taken him across Africa and Asia (living and working in India, Singapore and South Africa). “It affords an opportunity to work in the intersection of my passion and desire to contribute to achieving Standard Bank’s social, economic and environmental (SEE) outcomes.” Vinod says his experience of engaging customers across 25 countries has afforded him the opportunity to learn from the experiences in offering trade and working capital financing solutions to clients in institutional, corporate, commercial and business banking client segments.

13 October 2017

Funding SA's future - Standard Bank's Feenix takes flight

In response to the highly charged ‘Fees must Fall’ protests that began in 2015, South Africa’s students were desperate to be heard, and Standard Bank opened their ears. Jayshree Naidoo, head of the Standard Bank Incubator and CEO of Feenix, spoke to the gathered crowd on 13 October 2017 at Finance Indaba Africa about student access to fees. In the aftermath of the aforementioned movement, the need has become even more pressing, she said.

12 October 2017

"The offering" - Standard Bank's solution co-created with accountants and entrepreneurs

If you could design a banking solution for your startup, would it look like a traditional bank offering? Standard Bank is betting on no, gathering a tech and customer-focused team and giving them major leeway to experiment with the entrepreneur banking model. According to Standard Bank’s Angé Baard, Paton Raman, and Gugu Sithole, who presented the idea to intrigued accountants and entrepreneurs at Finance Indaba Africa on 12 October 2017, it is built on the concept of co-creation. The team is so focused on flipping the usual path of product development that they haven’t even named this service yet, calling themselves simply “the offering” or “the proposition”.

04 October 2017

Reinventing your solutions - your business will depend on it: Finance Indaba sneak peek 19

Are you just a bean-counter or do you want to make a more meaningful contribution and solve real business challenges? In this thought-provoking session at Finance Indaba Africa, you will learn more about how one organisation is reinventing its customer solution without losing its core purpose. Join Khomotso Molabe, Executive & Head Digital Banking, Moonshots and e-Commerce at Standard Bank and Warren Bond (pictured), Executive at Purple,and learn how you can navigate your current infrastructure and legacy systems to successfully reinvent your solutions. If your business wants a future this session will offer you a perspective like no other.

02 October 2017

Innovative models to build a better future: Finance Indaba sneak peek 11

If you’re a financial or corporate professional, this talk will provide you with key insights on how large organisations use innovative and disruptive models to deliver what matters. The speaker, Jayshree Naidoo, is an innovation thought leader, the Head of the Standard Bank Incubator, the current CEO of Feenix She will take you through two specific models that Standard Bank has adopted to solve some of the most pressing challenges we face as a country. Don't miss her insights at Finance Indaba Africa!

25 September 2017

Create a broader environment to drive innovation, says CIB's Anré Klopper-Stroh

“Our role within Human Capital is to be the custodians of culture and strategically partner the people agenda that enables our business strategy,” says Anré Klopper-Stroh, Human Capital Head for the Corporate & Investment Bank (CIB) within the Standard Bank Group. “The role of the Human Capital team within CIB is to partner our people in, for and across Africa to realise their ambitions, thus enabling our clients and the communities in which we operate to achieve their objectives. Furthermore, we need to position ourselves for what the future holds by understanding the mindsets, skillsets, and toolsets required for our people to stay relevant and contribute to the ambitions of the business into the future.”

28 August 2017

Standard Bank's Funeka Montjane: FinTech is changing the face of banking

“There’s never been a more wonderful time to be a banker,” says Funeka Montjane, CEO of Personal and Business Banking at Standard Bank. Montjane, a 2015 WEF Young Global Leader, believes that the future of banking lies in creating time for customers with the help of automation, artificial intelligence and FinTech. Speaking about the future of banking at the Singularity University South Africa Summit, hosted on the continent for the first time in collaboration with Standard Bank, Montjane said that we’re living in what Stephen Hawking called ‘the century of complexity’ – in a more compressed and globalised world characterised by rapid disruption, and where information is free.

25 August 2017

When Sizwe Nxasana speaks about the future of education, you listen

“We just have to look at high-paying jobs today that didn’t exist 10 years ago, in order to understand that, according to WEF, 65 percent of students entering primary school today will ultimately end up working in completely new job types that don't yet exist,” said Sizwe Nxasana, founder of Future Nation Schools, Chairman of both the National Education Collaboration Trust and National Student Financial Aid Scheme, while speaking on the future of education at the first Singularity University South Africa Summit. Sizwe is also one of the founders of SizweNtsalubaGobodo and a former Firstrand CEO. “Yet our education system is still based in the architecture of the 19th and 20th century,” he continued.

09 August 2017

Create a lasting legacy, says Standard Bank CIB CEO, Kenny Fihla

“The biggest ambition that I have is to always leave a better legacy than the one I found when I took on a responsibility,” says Kenny Fihla, who took over from David Munro as chief executive of Standard Bank Corporate and Investment Banking (CIB) in May this year. “What will the next generation of people or leaders in my role think when they assume the responsibility that I’m currently fulfilling that forces me to think about my actions? I get obsessed thinking about that – the creation of a lasting legacy.”

21 July 2017

Harness technology to navigate regulatory flood - Executives urge forward thinking at CFO Summit 4

Seven minutes. 300 million. $321 billion. Every seven minutes a new piece of regulation is introduced globally, the number of pages of regulation in existence and the number of dollars paid since the financial crisis of 2008. In an intriguing presentation at CFO Summit 4 at Summer Place in Sandton on Thursday, Thomson Reuters Africa MD Sneha Shah examined how the flood of regulation was impacting companies around the world and provided solutions for those that were struggling to cope with compliance.

10 July 2017

The CFO is the connector in dealmaking, says Bowmans' Charles Douglas

A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “Ideally, the CFO shouldn’t only focus on the financials, there needs to be a cross-over. The CFO, along with other execs, can really help to join the dots in a deal,” says Charles Douglas, head of M&A at law firm Bowmans.

03 July 2017

CFOs should expect more change coming, says Standard Bank CIB's Suzette Els

“Allow compliance to participate in front line engagement to create a mutual understanding on key client challenges and pro-actively pick-up on key client challenges,” advises Suzette Els, Chief Compliance Officer for Standard Bank Corporate and Investment Banking. In this article, part of a series from Standard Bank specialists, Suzette talks about trends in the compliance space, how clients are being assisted with these, and what CFOs should expect.

19 June 2017

If you want to see deal success, plan, says Ansarada's Arie Maree

A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “You cannot over-plan,” says Arie Maree, Ansarada Managing Director for Africa and the Middle East. “Once the rubber hits the road with a deal, there are tight timelines, plenty of stress and lots of money at stake. More planning means a smoother due diligence and ultimately, a smoother transaction,”

07 June 2017

Golden opportunity: WATCH Standard Bank's Tiro Motlogeloa at #findaba16

As one of the foremost financial institutions on the continent, Standard Bank has been making great things happen in Africa for over 154 years. The bank currently operates in 20 countries on the African continent, including South Africa, as well as in other selected emerging markets, and employs more than 54 000 people across its 1 221 branches. CFO South Africa is pleased to have retained such a prestigious diamond partner for Finance Indaba 2017.

05 June 2017

There's no one-size-fits-all solution in forex, says Standard Bank's Richard de Roos

“Everyone has a different way of thinking about FX and settling and hedging their FX and we must solve and understand for each of these,” says Richard de Roos, Head of Foreign Exchange for the Standard Bank Group. In this, the second article in a series from Standard Bank specialists, Richard talks about forex trends in Africa, what Standard Bank is doing to stay ahead of the pack, and what CFOs should expect in this arena.

29 May 2017

In deal making, understand what you buy, says Deloitte's Karin Hodson

A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and deal makers about the homework a growth-hungry company needs to do. “The due diligence report is often just used to tick the box and the findings are not adequately translated into the pricing and sale and purchase agreement,” says Karin Hodson, Partner and Transaction Services Leader at Deloitte. Failure to undertake adequate due diligence can result in significant erosion in value and potential losses of customers, staff and everything in between, she adds.

22 May 2017

Look for the opportunity within the crisis, says Standard Bank's Zaid Moola

“In South Africa, the full impact of a downgrade to sub-investment status will probably only manifest over the next 12 to 18 months. Companies in strong balance-sheet positons should be cautiously opportunistic and look for value-enhancing acquisitions both in South Africa and abroad. As much as economic conditions may be tough, my view is that we should never let a good crisis go to waste,” says Zaid Moola, Head of Client Coverage South Africa for Corporate & Investment Banking (CIB) at Standard Bank. In this, the first article in a series from Standard Bank specialists, Zaid talks about the trends he is seeing in his area of expertise and offers expert advice for CFOs.

15 May 2017

The CFO should ensure due diligence is accurate and meticulously undertaken, says Sibanye's Charl Keyter

A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “You don’t always want to let the staff of the other company or companies know you are doing this process,” says Sibanye Gold CFO Charl Keyter. “You have to be stealthy so as not to raise suspicions.” Charl gives one of the best and certainly most amusing explanations of due diligence:

12 May 2017

Glorious 2017 CFO Awards: the sky is the limit for financial excellence

Vodacom's CFO Till Streichert was the big winner at the 2017 CFO Awards, taking home the title of CFO of the Year and adding the coveted Strategy Execution and Finance Transformation awards to his collection for good measure. The annual glamorous celebration of excellence in the finance profession was the biggest, best and brightest edition of the event to date, as the crème de la crème of the country's finance leaders gathered at the stunning Summer Place in Hyde Park, Johannesburg.

25 April 2017

Effective CFOs know their business, says Standard Bank's Sean Berrington

"In the early days of the Group IT transformation it became clear that, unless the finance team transformed as well, we would become irrelevant. As a result, we needed to radically relook at how we run our staff engagement and processes," says Sean Berrington, CFO for Group IT at Standard Bank. Sean has been the finance boss of a “billion-dollar IT organisation” since mid-2016. Add to this his intimate experience of agile ways of working and he might just be the ideal person to talk to about the crossroads of threats and opportunities that technology and finance bring to banks and finance professionals.

13 March 2017

Will crowdsourcing make talent management obsolete, asks Google's Terrence Taylor?

Crowdsourcing promises to make scarce and critical skills available cost effectively, perhaps close to 90 percent cheaper, and disruptively. Yet most companies currently rely on talent management – a human resource function that has been around for over half a century but whose tools and techniques has changed little during its existence – to identify, attract, develop and keep talented people who have these sought after scarce and critical skills. The question is: will crowdsourcing make talent management obsolete?

23 February 2017

Dealmaking is about people - McDonald's SA CFO Zafar Mahomed

“Successful dealmaking is about people. Don’t rely on spreadsheets – get out there and understand the personal dynamics. I think 80 percent of it is about process flow, stakeholder management and people,” said McDonald’s SA CFO Zafar Mahomed in a CFO masterclass entitled Survival of the dealmakers.The insightful discussion formed part of the first instalment of the CFO Summit series and was hosted by CFO SA MD Graham Fehrsen at the opulent Summer Place in Sandton, Johannesburg, on Tuesday.

22 February 2017

Cybersecurity in the spotlight in first CFO Summit for 2017

“If traditional information security is about building a broad defence against attack, cybersecurity is really an attacker-centric approach. It's the knowledge of your attacker that drives your cyberinitiatives,” said Sean Howell (pictured), MD of Redshift Cyber Security, during this morning’s CFO masterclass on The Art of Breaking In, presented as part of the CFO Summit 2017. Howell, a professional hacker, provided welcome, albeit unsettling, insight and encouraged CFOs to start thinking like attackers in order to best protect themselves and their organisations. All businesses are at risk because all businesses possess information that it vital to their operations and thus vulnerable to exploitation from hackers, he added.

12 January 2017

Expanded CFO Summits meet demand for learning

The role of the CFO is shifting beyond the traditional set of responsibilities. More and more financial executives are talking about the growing pressure on them to have a handle on a range of issues, from technology to people and strategy. This accelerating demand on finance professionals of all levels to evolve and add more value to their organisations is coupled with a rapidly increasing demand for quality peer-to-peer learning and networking opportunities. CFO South Africa is in intent on meeting this demand through events, dinners and print and online content. One of these events is the CFO Summit, which brings together leading minds to interrogate pertinent topics and has been expanded to encompass three learning tracks this year. We spoke to CFO South Africa MD Graham Fehrsen to find out more about the Summits.

10 November 2016

Banks must reconsider core competency: WATCH Standard Bank's Danielle Laity at #afta16 #findaba16

As the oldest bank in the country, Standard Bank has a lot of challenges to overcome in terms of legacy systems. During her pitch at the African FinTech Awards at the Finance Indaba Africa 2016 in October, the bank’s manager of innovation capability Danielle Laity explained what her organisation was doing to better serve its customers in an era marked by fear in the banking sector amid the threat of being unbundled and attacked.

31 October 2016

ABSA Capital, RMB and Nedbank big winners at JSE Spire awards

ABSA Capital, Rand Merchant Bank (RMB) and Nedbank took home big awards at the 15th annual Spire awards, hosted by the JSE. ABSA Capital, RMB and Nedbank were crowned winners of the Best Bonds House, Best Fixed Income and Currencies House, Best FX House and Best Research House and Best Interest Derivative House respectively. RMB alone took home a total of 11 awards on the evening. Bernard Claassens (pictured), Manager: Fixed Income at the JSE, said:

27 October 2016

Local currency and DFIs: an opportunity for African financing - Standard Bank at #findaba16

Standard Bank treasurer Paul Burgoyne brought together a strong panel at the Finance Indaba Africa on 13 October 2016, to discuss accessing liquidity in Africa. The speakers included CFO and VP of Olam International, Bikash Prasad, as well as three Standard Bank team members: head of institutional sales Africa, Mark Kalil, VP for power and infrastructure finance, George Kotsovos, and global head: client solutions & distribution, global markets Steve Barnes.

15 October 2016

Riding the tides of African volatility: Standard Bank discusses the continent - #findaba16

The “Africa rising” narrative that dominated headlines ten years ago has taken an anecdotal beating, affected by the downturn in commodities, and several of the continent’s biggest economies being plagued with poor growth, both private and public corruption, and political bad news. But, investment wise, does that mean Africa is no longer a strong growth space? Do investors consider this bubble burst?

13 October 2016

It's time! Finance professionals flock to Finance Indaba Africa - #findaba16

The day that finance professionals have been looking forward to for many months has finally arrived - it is time for Finance Indaba Africa! With two days of learning, inspiration and unparalleled networking, the inaugural event has already established itself as the biggest conference and expo for African finance teams in the world. The numbers are impressive: 13 & 14 October 2016, Sandton Convention Centre, 5000 attendees, 120 sessions with speakers and discussions and 75 exhibitors.

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Company profile

Standard Bank Group is the largest African banking group by assets, with a market cap of approximately R289 billion (USD20 billion), offering a range of banking and related financial services across sub-Saharan Africa.

Our strategy is to be an African focused, client-centred, digitally enabled universal financial services organisation, which drives Africa’s growth and creates value for all our stakeholders. Our clients are at the centre of everything we do. This is our central organising principle in building a digitally-enabled universal financial services organisation. It aligns our efforts to change the way we do things, develop our people and shift our culture, and ultimately create a sustainable competitive advantage in a changing industry.

We have a 156-year history in South Africa, and started building a franchise in sub-Saharan Africa almost 30 years ago. We have an on-the-ground presence in 20 countries on the African continent, and solid local knowledge required to operate a successful business in Africa.

Our presence in and connection with, global financial centres enables us to facilitate investment and development flows in Africa, and access to international capital to facilitate growth, diversification and development in Africa. We also have a strategic partnership with the largest bank in the world, Industrial and Commercial Bank of China (ICBC), who is a 20% shareholder in the group.

The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BB+ (stable) and Moody’s Baa3 (Rating under review). Click here to read more on credit ratings. The group has been listed on the JSE since 1970, with share code SBK, and the Namibian Stock Exchange, share code SNB.

We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.

Phone: 0860 123 000

Website: http://www.standardbank.co.za