Sim Tshabalala
Sim Tshabalala

Co-chief executive, Standard Bank

In March 2014, Sim Tshabalala was appointed joint Chief Executive of the Standard Bank Group, Africa’s largest financial services group by income and assets. Sim is responsible for the Group’s South African and Africa-wide franchises, and leads the Group’s African and global Insurance and Wealth businesses.

Sim was born in a small rural town in the province of KwaZulu Natal, and raised in Soweto. He trained as a lawyer in South Africa, at Rhodes University, and the United States at the University of Notre Dame, where he graduated with a Master of Laws (sumna cum laude). He was admitted as an attorney of the High Court of South Africa in 1994, and practiced as a lawyer for several years, specialising in tax law.

Sim joined the Standard Bank Group as an executive in Standard Bank’s structured finance division in 2000, and rose steadily through the ranks in a variety of roles in retail and investment banking. He was appointed Managing Director of Stanbic Africa in 2001, at the age of 34.

In 2003, he stepped into the role of Deputy Chief Executive of Retail Banking. In 2005, he was recognised by The Banker Magazine as one of the ‘Top 18 under-40 bankers in the world’. In 2006, he was appointed Chief Executive of Personal and Business Banking, Standard Bank South Africa, aged 39. In 2009, he took up the additional role of Deputy Chief Executive of the Standard Bank Group, and subsequently also took responsibility for Corporate and Investment Banking’s client franchise in South Africa.