Banking group FNB has appointed WesBank CEO Ghana Msibi as the new chief executive of FNB Business.<\/p>\n\n\n\n
FNB Business is one of the largest SME lenders in the country with over one million customers.<\/p>\n\n\n\n
The segment is facing increasing competition from major finance players, and is widely seen as the next major growth area for banks.<\/p>\n\n\n\n
FNB said Msibi will be driving the group’s strategy in the sement, focusing on growth and increasing market share in business banking.<\/p>\n\n\n\n
He will report to the Chief Executive Officer of FNB, Harry Kellan and will be a member of the FNB Executive Committee.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Msibi has over 22 years of experience in financial services, joining the FirstRand stable in 2015 and becoming WesBank CEO in 2022.<\/p>\n\n\n\n
“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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
He holds an undergraduate qualification in Cost and Management Accounting, a postgraduate qualification in Risk and Compliance Management, and an MBA.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
“We\u2019re excited to have someone with Msibi\u2019s depth and breadth of knowledge and expertise, to lead us forward as a bank of choice in this very important category,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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