Skip to main content

StanChart appoints Bongiwe Gangeni to lead Consumer, Private and Business Banking for Africa, Middle East, Europe region

 


Standard Chartered has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval. Bongiwe will be based in Dubai when she joins the Bank in March 2022.


Bongiwe is joining Standard Chartered from Absa, where she spent the last 14 years, most recently as a member of the Group Executive Committee, with the dual roles of Deputy Chief Executive Officer for Retail and Business Banking, and Head of Relationship Banking. Bongiwe’s successful career at Absa comprises roles across businesses including the SME segment, micro-enterprise finance, commercial cards, inclusive banking, private banking and wealth management.

StanChart, Bongiwe Gangeni, Consumer Private, Africa Middle East Europe region

Prior to joining the banking sector, Bongiwe was a consultant with Accenture, and also practised as a pharmacist. She holds a Bachelor of Pharmacy degree from the University of the Witwatersrand in South Africa, a Postgraduate Diploma in Management from Wits Business School, a Masters in Business Administration from the University of Pretoria’s Gordon Institute of Business Science and has completed the Advanced Management Programme at Harvard Business School.

Judy Hsu, CEO, CPBB, said: “Our franchise in Africa and the Middle East gives us tremendous opportunities to deliver financial services to the mass retail and SME segments as we drive financial inclusion and lift participation in the region. It is also a great platform for us to serve the growing number of affluent clients in our footprint and deliver best-in-class wealth solutions and advisory.  This is an exciting time for Standard Chartered and Bongiwe’s deep understanding of the region will be invaluable as we continue to innovate and accelerate our digital transformation. I look forward to welcoming Bongiwe to Standard Chartered.”

Read also: Vivo Energy Ghana appoints Kader Maiga as MD

Sunil Kaushal, Regional CEO, Africa & Middle East, said: “Our consumer, private, and business banking arms are among the Bank’s most crucial avenues across Africa and the Middle East and ones that we continue to invest in to better service our robust clientele in the region. Bongiwe’s appointment will be pertinent in our ability to provide further excellence in these areas and strengthen relationships with existing and potential clients. I am confident that Bongiwe’s expertise and knowledge will prove vital to the Bank’s growth in the region and I look forward to welcoming her to the AME regional management team.” 

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...