Standard Bank has appointed Simphiwe Nghona as its Vehicle and Asset Finance (VAF) head, effective March 1.
He will also join the bank’s Personal and Business Banking (PBB) group executive committee.
Having worked most recently as CEO of WesBank’s motor division, Nghona brings 18 years of experience in the automotive and banking industries, which Standard Bank believes can be put to good effect to grow its VAF division and further improve customer and dealer experience.
“This key appointment affirms our commitment to bolstering our capability in our important VAF business and ensuring that it is a successful universal bank product that supports PBB, corporate investment banking, and our wealth business across Africa,” said PBB CEO Peter Schlebusch.