Simphiwe “Sim” Tshabalala is the Chief Executive of the Standard Bank Group.
He was born in Hlabisa, in rural KwaZulu-Natal, grew up in Soweto, and was educated at Sacred Heart College in Johannesburg.
Sim went on to attend Rhodes University where he obtained a Bachelor of Arts degree in 1988, and a Bachelor of Laws in 1990.
Following his graduation, he served his articles at Bowman Gilfillan and went on to do a Master of Laws at Notre Dame in the US – which he was awarded summa cum laude in 1993.
Sim was admitted as an attorney of the High Court of South Africa in 1994 and joined Real Africa Durolink Investment Bank that same year, where he worked in its structured finance division until 2000.
In that time, he had also continued his studies on a part-time basis and completed a Higher Diploma in taxation law from the University of the Witwatersrand in 1996.
He went on to join the Project Finance Division of Standard Corporate and Merchant Bank as head of structured finance in 2000, becoming a director in 2000 and Managing Director of Stanbic Africa in 2001.
In 2006, he was appointed Chief Executive of Personal and Business Banking, South Africa. In the same year, he completed Harvard University’s Advanced Management Programme.
In March 2008, Sim was appointed as Chief Executive of Standard Bank South Africa – and was appointed as one of three Deputy Chief Executives of the Standard Bank Group in April 2009.
In June 2012, Sim took on the additional responsibility for Corporate and Investment Banking’s client franchise in South Africa.
He was then appointed joint Chief Executive of the Standard Bank Group in March 2013, extending his responsibilities to the banking businesses on the African continent and to the bank’s Wealth business – including Liberty Holdings.
In September 2017, Sim was appointed as the sole Chief Executive of the Standard Bank Group.
Sim serves on the boards of the Liberty Group, the Institute of International Finance and the International Monetary Conference.
In August 2018, he was made a Fellow of the Institute of Bankers of South Africa.
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