FNB appoints new Business CEO
Banking group FNB has appointed WesBank CEO Ghana Msibi as the new chief executive of FNB Business.
FNB Business is one of the largest SME lenders in the country with over one million customers.
The segment is facing increasing competition from major finance players, and is widely seen as the next major growth area for banks.
FNB said Msibi will be driving the group’s strategy in the sement, focusing on growth and increasing market share in business banking.
He will report to the Chief Executive Officer of FNB, Harry Kellan and will be a member of the FNB Executive Committee.
The bank said that he will continue to look after the WesBank portfolio until a successor is appointed, to ensure a smooth transition and leadership continuity on strategic projects.
Msibi has over 22 years of experience in financial services, joining the FirstRand stable in 2015 and becoming WesBank CEO in 2022.
“Since joining in 2015, he has occupied a number of positions and played an instrumental role in shaping WesBank’s strategy, contributing to the market-leading position it occupies today,” FNB said.
The executive’s background is in banking, channel management, insurance, risk and compliance. He has served in various executive roles and senior management roles across multiple organisations in is career.
He holds an undergraduate qualification in Cost and Management Accounting, a postgraduate qualification in Risk and Compliance Management, and an MBA.
FNB CEO Harry Kellan said that the group’s business segment is vital to the bank, and noted the potential for growth in the township economy.
“We’re excited to have someone with Msibi’s depth and breadth of knowledge and expertise, to lead us forward as a bank of choice in this very important category,” he said.
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