Standard Bank Group Management

Management criteria checks 4/4

Standard Bank Group's CEO is Sim Tshabalala, appointed in Mar 2013, has a tenure of 11.67 years. total yearly compensation is ZAR71.34M, comprised of 14% salary and 86% bonuses, including company stock and options. directly owns 0.051% of the company’s shares, worth €10.67M. The average tenure of the management team and the board of directors is 2.6 years and 8 years respectively.

Key information

Sim Tshabalala

Chief executive officer

R71.3m

Total compensation

CEO salary percentage	14.0%
CEO tenure	11.7yrs
CEO ownership	0.05%
Management average tenure	2.6yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sim Tshabalala's remuneration changed compared to Standard Bank Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	R44b
Mar 31 2024	n/a	n/a	R44b
Dec 31 2023	R71m	R10m	R44b
Sep 30 2023	n/a	n/a	R42b
Jun 30 2023	n/a	n/a	R40b
Mar 31 2023	n/a	n/a	R37b
Dec 31 2022	R60m	R9m	R34b
Sep 30 2022	n/a	n/a	R32b
Jun 30 2022	n/a	n/a	R30b
Mar 31 2022	n/a	n/a	R27b
Dec 31 2021	R28m	R9m	R25b
Sep 30 2021	n/a	n/a	R22b
Jun 30 2021	n/a	n/a	R20b
Mar 31 2021	n/a	n/a	R16b
Dec 31 2020	R24m	R9m	R12b
Sep 30 2020	n/a	n/a	R14b
Jun 30 2020	n/a	n/a	R16b
Mar 31 2020	n/a	n/a	R21b
Dec 31 2019	R49m	R9m	R25b
Sep 30 2019	n/a	n/a	R27b
Jun 30 2019	n/a	n/a	R28b
Mar 31 2019	n/a	n/a	R28b
Dec 31 2018	R59m	R9m	R27b
Sep 30 2018	n/a	n/a	R27b
Jun 30 2018	n/a	n/a	R27b
Mar 31 2018	n/a	n/a	R26b
Dec 31 2017	R55m	R8m	R26b

Compensation vs Market: Sim's total compensation ($USD3.92M) is about average for companies of similar size in the German market ($USD4.74M).

Compensation vs Earnings: Sim's compensation has been consistent with company performance over the past year.

CEO

Sim Tshabalala (57 yo)

11.7yrs

Tenure

R71,340,000

Compensation

Mr. Simpiwe Kenneth Tshabalala, also known as Sim, BA, LLB, LLM, HDip Tax, AMP, serves as Group Chief Executive Officer and Executive Director of Standard Bank Group Limited since March 7, 2013. He serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simpiwe Tshabalala	Group CEO & Executive Director	11.7yrs	R71.34m	0.051% € 10.7m
Arno Daehnke	Chief Finance & Value Management Officer	8.5yrs	R60.97m	0.018% € 3.7m
Margaret Nienaber	Chief Operating Officer	2.3yrs	R60.53m	no data
Andile Kenneth Fihla	Deputy Chief Executive Officer	less than a year	R75.33m	no data
Funeka Montjane	Chief Executive Officer of Personal & Private Banking	12.5yrs	R59.84m	no data
Bill Blackie	Chief Executive Officer of Business & Commercial Banking	2.8yrs	R59.83m	no data
Yuresh Maharaj	Chief Executive Officer of Insurance & Asset Management	less than a year	R29.61m	no data
Luvuyo Masinda	Chief Executive Officer of Corporate and Investment Banking	less than a year	no data	no data
Sarah Rivett-Carnac	Head of Investor Relations	no data	no data	no data
Virginia Magapatona	Group Head of Communication & Reputation Management	1.7yrs	no data	no data
Alan Bedford-Shaw	Head of Corporate Development	no data	no data	no data
Sharon Taylor	Chief People & Culture Officer	6yrs	no data	no data

2.6yrs

Average Tenure

55yo

Average Age

Experienced Management: SKC2's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Simpiwe Tshabalala	Group CEO & Executive Director	11.7yrs	R71.34m	0.051% € 10.7m
Arno Daehnke	Chief Finance & Value Management Officer	8.5yrs	R60.97m	0.018% € 3.7m
John Maree	Independent Deputy Chairman of the Board	8yrs	R2.34m	0.010% € 2.2m
Martin Oduor-Otieno	Independent Non-Executive Director	8.8yrs	R3.36m	no data
Barend Kruger	Independent Non-Executive Director	2.4yrs	R3.48m	0.013% € 2.7m
Olusola David-Borha	Independent Non-Executive Director	less than a year	no data	no data
Nomgando Nomalungelo Matyumza	Independent Non-Executive Director	8yrs	R1.83m	no data
Paul Cook	Independent Non-Executive Director	3.8yrs	R1.45m	no data
Gesina Maria Kennealy	Lead Independent Non-Executive Director	8yrs	R2.81m	no data
Geraldine Fraser-Moleketi	Independent Non-Executive Director	8yrs	R1.77m	0.0010% € 209.0k
Fenglin Tian	Senior Deputy Chairman	less than a year	no data	no data
Nonkululeko Merina Nyembezi	Independent Chairman	4.8yrs	R7.62m	no data

8.0yrs

Average Tenure

64yo

Average Age

Experienced Board: SKC2's board of directors are considered experienced (8 years average tenure).

Standard Bank Group Management

Management criteria checks 4/4

Key information

Recent management updates

Standard Bank Group Limited Announces Executive Changes

Standard Bank Group Limited Appoints Sola David-Borha as to Its Board and Board Committee

Standard Bank Group Limited Confirms Retirement of Directors

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Change in Classification of Sola David-Borha from Non-Executive Director to Independent Non-Executive Director

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Directorate Retirements

Standard Bank Group Limited Appoints Olusola (Sola) Adejoke David-Borha as Non-Executive Director

Recent updates

Standard Bank Group Limited to Report Fiscal Year 2024 Results on Mar 13, 2025

Upcoming dividend of R7.44 per share

Standard Bank Group Limited Announces Executive Changes

First half dividend of R7.44 announced

First half 2024 earnings released: EPS: R12.97 (vs R13.22 in 1H 2023)

Standard Bank Group Limited Declares Interim Gross Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 16, 2024

Standard Bank Group Limited Appoints Sola David-Borha as to Its Board and Board Committee

Standard Bank Group Limited Confirms Retirement of Directors

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Change in Classification of Sola David-Borha from Non-Executive Director to Independent Non-Executive Director

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Directorate Retirements

Upcoming dividend of R7.33 per share

First half dividend of R7.33 announced

Full year 2023 earnings released: EPS: R26.67 (vs R21.11 in FY 2022)

Standard Bank Group Limited Appoints Olusola (Sola) Adejoke David-Borha as Non-Executive Director

Standard Bank Group Limited, Annual General Meeting, Jun 10, 2024

Standard Bank Group Limited Announces Board and Committee Changes

Standard Bank Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Standard Bank Group Limited (JSE:SBK) acquired additional unknown minority stake in Novus Holdings Limited (JSE:NVS).

Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK).

Standard Bank Group Limited to Report Q3, 2023 Results on Oct 17, 2023

Upcoming dividend of R6.90 per share at 7.2% yield

First half 2023 earnings released: EPS: R13.22 (vs R9.81 in 1H 2022)

Standard Bank Group Limited Declares Interim Gross Cash Dividend, Payable on 18 September 2023

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023

Now 22% undervalued after recent price drop

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited Announces Retirement of Directors

Standard Bank Group Limited Announces Retirement of Directors

Investor sentiment improves as stock rises 17%

Standard Bank Group Limited (JSE:SBK) acquired an unknown additional stake in Redefine Properties Limited (JSE:RDF).

Upcoming dividend of R6.91 per share at 7.9% yield

Standard Bank group Appoints Virginia Magapatona as New Group Head of Communication and Reputation Management, Effective 1 March 2023

Now 20% undervalued after recent price drop

Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA).

Standard Bank Group Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Standard Bank Group Limited Revises Earnings Guidance for the Year 2022

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announce Directorate Change

Standard Bank Group Limited, Annual General Meeting, Jun 12, 2023

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announces Executive Changes

Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoints Lwazi Loyiso Bam as Non-Executive Director

Group CEO & Executive Director recently bought €475k worth of stock

Upcoming dividend of R5.15 per share

First half 2022 earnings released: EPS: R0 (vs R7.17 in 1H 2021)

Standard Bank Group Limited Provides Earnings Guidance for the Six-Month Period Ending 30 June 2022

Standard Bank Group Limited Appoints Barend (Ben) Johannes Kruger as Non-Executive Director

Standard Bank Group Limited Announces the Appointment of Ms Nonkululeko Nyembezi as the Chairman Designate

Standard Bank Group Announce Resignation of Thulani Sikhulu Gcabashe as Chairman and Director

Upcoming dividend of R5.11 per share

Ibv International Vaults (London) Ltd. acquired Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK).

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Standard Bank Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Standard Bank Group Limited Announces Resignation of Maureen Erasmus as Non-Executive Director

Group CEO & Executive Director recently sold €109k worth of stock

Upcoming dividend of R3.60 per share

First half 2021 earnings released: EPS R7.17 (vs R2.37 in 1H 2020)

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Chief Executive Officer of Africa Regions Olusola David-Borha has left the company

Standard Bank Group Limited Provides Earnings Guidance for the Six-Months Ending 30 June 2021

Independent Non-Executive Director has left the company

Investor sentiment improved over the past week

Upcoming dividend of R2.40 per share

New 90-day high: €8.00

Full year 2020 earnings released: EPS R7.77 (vs R15.94 in FY 2019)

Revenue misses expectations

Standard Bank Group Limited Announces Cash Dividend on Ordinary Shares, Payable on 19 April 2021

Standard Bank Group Partners Hedera Hashgraph Joins the Hedera Governing Council

Standard Bank Group Board Appoints Paul Cook to Board

New 90-day high: €7.55