Lafferty Group, an international banking advisory firm, claims that only one of the current chief executives at the top four banks in South Africa\u00a0is\u00a0properly qualified.<\/p>\n
This is according to Business Day<\/a>, which reported that Barclays Africa\u2019s (Absa) Maria Ramos is the only CEO with a specialist banking qualification, citing the latest Lafferty Bank Quality Ratings.<\/p>\n The report reviewed 100 banks globally\u00a0and\u00a0noted that Ramos holds a diploma from the Institute of Bankers, one of only\u00a0four CEOs from Africa with ‘specialist qualifications’.<\/p>\n Michael Lafferty, chairman of the Lafferty Group, said: “We do not consider that being a chartered accountant, a lawyer or having an MBA amounts to a banking qualification.”<\/p>\n According to the Chartered Banker Institute, a Chartered Banker Diploma ‘combines the theory and practice of banking and aims to provide you with an extensive, detailed knowledge which will enable you to critically analyse key banking themes’.<\/p>\n BusinessTech recently looked at the tertiary qualification of chief executives of the biggest banks in SA.<\/p>\n Lafferty Group\u00a0 however, recently ranked Capitec\u00a0bank as the best bank in the world in its inaugural Bank Quality Rankings, despite the company’s CEO not having a ‘specialist banking qualification’.<\/p>\n Lafferty uses a combination of financial and non-financlial disclosures in banking groups\u2019 latest annual reports to determine the quality of the organisations and their respective business models.<\/p>\n Among the indicators analysed are strategy, culture, customer satisfaction, executing brand promises and other criteria.<\/p>\n According to the report\u2019s findings, Capitec came out on top, with the only 5 star rating out of the 100 banking groups listed.<\/p>\n Absa was rated second on Lafferty’s list.<\/p>\n South African bank ranked best in the world<\/a><\/strong><\/p>\n Qualifications of South Africa\u2019s CEOs<\/strong><\/a><\/p>\n\n\n
\n CEO<\/strong><\/th>\n Company<\/strong><\/th>\n University<\/strong><\/th>\n Qualification<\/strong><\/th>\n<\/tr>\n \n Johan Burger<\/td>\n FirstRand<\/td>\n RAU<\/td>\n BCom (Hons), CA(SA)<\/td>\n<\/tr>\n \n Jacques Celliers<\/td>\n FNB<\/td>\n Stellenbosch, UCT<\/td>\n B.Eng (Civil),\u00a0MBA<\/td>\n<\/tr>\n \n Ben Kruger<\/td>\n Standard Bank<\/td>\n UP, Harvard<\/td>\n BCom (Hons),\u00a0CA(SA), AMP<\/td>\n<\/tr>\n \n Sim Tshabalala<\/td>\n Standard Bank<\/td>\n Rhodes,\u00a0University of Notre Dame, Wits, Harvard<\/td>\n BA LLB,\u00a0LLM,\u00a0HDip Tax, AMP<\/td>\n<\/tr>\n \n Maria Ramos<\/td>\n Absa<\/td>\n Wits, University of London<\/td>\n BCom, CAIB, MSc<\/td>\n<\/tr>\n \n Mike Brown<\/td>\n Nedbank<\/td>\n UKZN, Harvard<\/td>\n BCom, AMP<\/td>\n<\/tr>\n \n Gerrie Fourie<\/td>\n Capitec<\/td>\n Stellenbosch<\/td>\n BCom (Hons), MBA<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n More on banks in SA<\/h3>\n