Stanbic IBTC Expresses Confidence in New Director Barend Kruger

By Dipo Olowookere

The board of directors of Stanbic IBTC Holdings Plc has expressed hopes that Mr appointment of Mr Barend Johannes Kruger as a non-executive director of the company will bring about a positive turnaround.

Mr Kruger was admitted to the board of Stanbic IBTC after receiving the “required regulatory approvals,” the firm said in a statement last week.

It was disclosed that the appointment became effective from Friday, January 18, 2019.

In the statement signed by Chidi Okezie, the Company Secretary, the board said it was “pleased to welcome Mr Kruger,” who it said the company “will undoubtedly benefit immensely from his wealth of experience.”

This is because Mr Kruger has had an extensive career in the financial services industry spanning over 30 years.

He joined the Standard Bank Group (SBG) in 1985, taking up various roles in Standard Corporate and Merchant Bank (SCMB).

Between 2006 and 2008, he held the position of Chief Executive of Global Corporate & Investment Banking (CIB) and assumed the position of Deputy Group Chief Executive of SBG in 2009.

From March 2013 to September 2017, Mr Kruger was Joint Group Chief Executive of SBG alongside Mr Sim Tshabalala. 

He recently retired as an Executive Director on the Boards of SBG and Standard Bank of South Africa on December 31, 2018.

Prior to his retirement, he was responsible for the leadership, management and governance of Africa Regions; guiding the digitization of the group; the group’s relationship with its strategic partner ICBC; helping with the management of the Group’s risks; and key client relationships.

Mr Kruger is an alumnus of the University of Pretoria where he obtained a Bachelor of Commerce (Honours) degree. He has undertaken the Harvard Business School, Boston, Advanced Management Programme and is also a Chartered Accountant.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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