TymeBank has appointed Cheslyn Jacobs as its new CEO, who will assume the role effective 1 January 2026.\u00a0<\/p>\n\n\n\n
Jacobs will succeed Karl Westvig, who will continue in an advisory role after taking the reins in 2023.<\/p>\n\n\n\n
Jacobs\u2019 appointment has already received approval from the Prudential Authority of the South African Reserve Bank. <\/p>\n\n\n\n
Jacobs was a founding team member of TymeBank and brings a wealth of experience to the company. <\/p>\n\n\n\n
He has a BCom in Industrial Psychology from the University of the Western Cape and a Postgraduate Diploma in Business Management from the Gordon Institute of Business Science (GIBS). <\/p>\n\n\n\n
He previously worked at Standard Bank and Deloitte. Jacobs joined Tyme in 2012 as Sales and Distribution Manager, later becoming National Operations Manager at Tyme Infield. <\/p>\n\n\n\n
He was then appointed Head of Sales and Services in 2019, when TymeBank launched, and was promoted to Chief Commercial Officer in 2022. <\/p>\n\n\n\n
As Chief Commercial Officer, he was accountable for driving revenue generation and business growth. <\/p>\n\n\n\n
The bank said that Jacobs will lead the next generation, which will have an accelerated focus on innovation, customer experience, and sustainable growth.<\/p>\n\n\n\n
\u201cCheslyn\u2019s deep understanding of our customers, strategy, and people uniquely positions him to lead TymeBank into its next era,\u201d said Thabani Jali, Chairman of TymeBank Holdings Limited.<\/p>\n\n\n\n
\u201cIt\u2019s time to compete even harder for market share as we mature as a business.\u201d <\/p>\n\n\n\n
\u201cUnder Cheslyn\u2019s leadership, and with our talented team reshaping banking for all South Africans, TymeBank is geared to create even greater value for our customers and partners.\u201d<\/p>\n\n\n\n
After launching in 2019, TymeBank has established itself as one of South Africa\u2019s largest banks, with a customer base exceeding 11 million. It became profitable in December 2023. <\/p>\n\n\n\n
Jacobs and Westvig will work closely together over the following three months to ensure a seamless transition. <\/p>\n\n\n\n
\u201cTymeBank has always been about challenging convention and making banking more accessible for all South Africans,\u201d said Jacobs. <\/p>\n\n\n\n
\u201cAs we move into this next chapter, marked by an even sharper focus on customer experience, I\u2019m excited to build on the incredible foundation our team has created.\u201d <\/p>\n\n\n\n