Standard Bank's Ben Kruger retires after 33 years

He will continue to serve as a non-executive director on Standard Bank's various units.

Standard Bank said its former joint CEO Ben Kruger (pictured) will retire effective from December 31, ending a 33-year long career at the commercial bank.

Ben will step down as an executive and from the board of the Standard Bank Group and Standard Bank South Africa.

Standard Bank said Ben will continue to serve as a non-executive director on the boards of Stanbic IBTC and ICBC Standard Bank Plc.

“Ben Kruger has been one of the shaping minds and greatest leaders of his generation of Standard Bankers – a generation that created the infrastructure and resources that the Group will draw on for decades to come,” Sim Tshabalala, the group CEO, said in a statement.

“Many parts of the Standard Bank Group have been led and improved by Ben Kruger, including our strategy and values, our IT investments and digitisation, our commitments to client centricity and to being a universal financial services Group, our expansion throughout our home continent, and our progress in achieving internal transformation and in helping to transform the South African economy. Ben embodies the optimism, innovativeness and competitiveness of modern Africa, and he has played a big part in driving her growth,” said Sim. 

Ben joined Standard Bank’s group executive committee in 2000. From 2013, he served as joint group CEO alongside Sim until he stepped down from this role in September 2017, continuing to serve as an executive director.