FNB Business Announces Appointment of Ghana Msibi as New CEO to Boost Small and Medium-sized Enterprise (SME) Leadership
FNB Appoints Ghana Msibi as CEO of FNB Business
First National Bank (FNB) South Africa has announced the appointment of Ghana Msibi as the new Chief Executive Officer (CEO) of FNB Business, the bank's business banking division. Msibi, with over 22 years of experience in the financial services sector, will be leading South Africa's largest Small and Medium Enterprises (SME) lender, serving over one million customers [1][2][3].
Born and raised in Soweto, Msibi has a strong background in banking, channel management, insurance, risk, and compliance. His educational qualifications include an undergraduate degree in Cost and Management Accounting, a postgraduate qualification in Risk and Compliance Management, and an MBA [1]. Before this role, he was the CEO of WesBank from 2022 and had been with WesBank since 2015, contributing significantly to its market leadership [1].
At FNB Business, Msibi is tasked with driving the strategy focused on growth and increasing market share in business banking, particularly supporting the development of local businesses and the township economy, aiming to foster economic growth and job creation [1][2]. His expertise and leadership are recognized as critical assets for FNB’s ambitions in the SME sector [1].
FNB CEO, Harry Kellan, has praised Msibi's deep understanding of their business, strategic acumen, and people-first leadership style. Msibi is known for achieving results through vision and execution. Kellan described Msibi as a tremendous asset to the broader FNB organization [1].
Msibi will be a member of the FNB Executive Committee and will report directly to Kellan. He will continue to oversee the WesBank portfolio until his successor is appointed to ensure a smooth transition [1].
The FNB Business strategy is focused on growth, accelerating the bank's leadership position in the SME segment, and increasing market share in business banking [2]. With Msibi at the helm, FNB Business is poised for expansion and innovation in business banking, contributing to the growth and development of South Africa's SME sector.
[1] BusinessTech. (2022, October 31). FNB appoints Ghana Msibi as CEO of FNB Business. Retrieved from https://businesstech.co.za/news/banking/712332/fnb-appoints-ghana-msibi-as-ceo-of-fnb-business/
[2] Moneyweb. (2022, October 31). FNB Business appoints Ghana Msibi as CEO. Retrieved from https://www.moneyweb.co.za/news/banking/fnb-business-appoints-ghana-msibi-as-ceo/
[3] IOL. (2022, October 31). FNB Business appoints Ghana Msibi as CEO. Retrieved from https://www.iol.co.za/business-report/companies/fnb-business-appoints-ghana-msibi-as-ceo-76950a57-438b-47c5-a95d-9898c27e0232
The appointment of Ghana Msibi as the CEO of FNB Business signifies a significant shift in the business banking division of FNB, a leading player in the South African banking-and-insurance industry. Msibi's expertise, spanning banking, channel management, insurance, risk, and compliance, will undoubtedly contribute to the growth and development of the SME sector within the finance business. His experience in the financial services sector, including his role as the CEO of WesBank, has positioned him as a critical asset for FNB's ambitions in the SME sector.
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