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Steven Braudo to lead Standard Bank’s wealth businesses

11 June 2015 Liberty
Steven Braudo

Steven Braudo

Liberty Holdings Ltd (Liberty) announces that Deputy Chief Executive Steven Braudo has accepted the position as Chief Executive, Wealth for the Standard Bank Group, effective 1 July 2015, subject to regulatory approval. In this role, he will have direct management responsibility for the wealth businesses within the banking operations in South Africa, Jersey, Isle of Man and rest of Africa in addition to managing the bancassurance relationship with Liberty. Although Braudo will relinquish his executive responsibilities at Liberty, he will remain on the Liberty Holdings board.

“Steven’s appointment reflects the strategic importance of Liberty’s relationship with Standard Bank, which gives us a unique competitive advantage in South Africa and the rest of Africa, and forms an integral part of Liberty’s 2020 strategy,” said Chief Executive Thabo Dloti.

“We are fortunate to have someone with Steven’s experience and expertise in Liberty’s leadership team to assume this important role and ensure continuity for the group. His valuable contribution to the turn-around of the Retail SA business and commitment to the success of the group will remain part of Liberty’s history. Given the depth of the Liberty management team, Steven’s existing responsibilities will be reallocated appropriately.

“I look forward to working with Steven in his new role in leveraging the synergies between the two entities to unlock value for both our groups,” Dloti concluded.

 

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