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Fellow appointed to senior banking position in South Africa

PeggySueKhumaloCourtesyBusinessLive

2013 Tutu Fellow Peggy-Sue Khumalo has been appointed as the new chief executive for Standard Bank's Wealth South Africa Division.  She leaves Investec, where she's been for much of her career, to join Standard Bank in February.  She will be responsible for the South African operations of Standard Bank's wealth business, which includes short and long-term insurance, asset management, pension fund operations, and fiduciary services.  The division serves high net-worth individuals, corporate clients, and commercial and retail clients. It has a footprint in a number of other Sub-Saharan Africa countries as well as international offices in London, Jersey, the Isle of Man and Mauritius and the sum Peggy-Sue will be responsible for will total around R175 billion in earnings.

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