Business Finance Network (FNB) announces Ghana Msibi as its new Chief Executive Officer, aiming to boost its Small and Medium Enterprise (SME) banking dominance.
New CEO Appointed at FNB Business to Boost SME Growth
First National Bank (FNB) in South Africa has appointed Ghana Msibi as the new CEO of FNB Business, its business banking division. Msibi will lead the division with a focus on accelerating the growth of local enterprises, emphasizing innovation, and expanding access to banking services for businesses.
Msibi joins FNB Business from WesBank Corporate, a subsidiary of FirstRand that provides asset finance solutions, where he previously held a leadership position. His appointment at FNB Business represents a strategic effort by FNB to strengthen its business banking segment.
Born and raised in Soweto, Msibi brings over 22 years of experience in financial services to his new role. He holds an undergraduate qualification in Cost and Management Accounting, a postgraduate qualification in Risk and Compliance Management, and an MBA. Msibi is credited with significant achievements and helping to shape the company's strategy at WesBank.
Harry Kellan, CEO of FNB, praised Msibi's leadership at WesBank, noting his ability to achieve results through vision and execution. Kellan expressed confidence that Msibi's deep understanding of FNB's business, strategic acumen, and people-first leadership style will make him a tremendous asset to the broader organization.
Msibi will be responsible for driving the FNB Business strategy, which focuses on growth, accelerating the bank's leadership position in the SME segment, and increasing market share in business banking. He will report to FNB CEO, Harry Kellan.
In addition, Msibi will continue to oversee the WesBank portfolio until his successor is appointed to ensure a smooth transition. The appointment of Msibi is expected to contribute to the growth and success of FNB Business.
FNB Business is South Africa's largest SME lender, with over one million customers. The division operates in the banking sector, specifically focusing on Small and Medium Enterprises (SMEs). The appointment aligns with FNB's objective to boost local business growth in South Africa.
The appointment of Ghana Msibi is a significant move for FNB Business, signifying a commitment to growth and leadership in the SME banking sector.
Sources:
- FNB Appoints New CEO for FNB Business
- Ghana Msibi Named New CEO of FNB Business
- FNB Strengthens Business Banking Segment with New CEO
- WesBank CEO Ghana Msibi to Lead FNB Business
- Ghana Msibi's appointment as the new CEO of FNB Business signifies a strategic focus on the banking and insurance industry, as he will lead the division in accelerating growth, emphasizing innovation, and expanding access to finance for South African businesses.
- With over 22 years of experience in financial services, Msibi will leverage his expertise in risk and compliance management, cost and management accounting, and business strategy to drive the growth of FNB Business, South Africa's largest SME lender.
- As Msibi takes the helm at FNB Business, he will work to boost the bank's leadership position in the SME segment and increase market share in business banking, all while maintaining a people-first leadership style that prioritizes the success of SMEs.
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