New chief executive at Standard Bank Wealth

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Margaret Nienaber has been appointed chief executive of Standard Bank Wealth. Nienaber will oversee Standard Bank’s Wealth division, which encompasses the group’s Investments, fiduciary and insurance businesses, as well as its high net worth wealth offering. It spans across the African continent and other offshore jurisdictions where the Standard Bank group has a footprint.

“Nienaber has a vast amount of experience in financial services and is well qualified to take charge of our wealth business. She will add immense value to Standard Bank as we grow and develop our wealth business,” says Standard Bank Group chief executive Sim Tshabalala.

“Wealth Management is a far broader concept today than it ever was, and Standard Bank is well positioned to drive the vast array of wealth management solutions required for individuals of any age, and in any stage of their life,  as well as for their families, and also their communities.” says Nienaber.

“Our objective is to protect, preserve and grow our clients’ wealth. We realise the challenges for clients across the board are immense, and so we strive to continuously raise the bar and innovate for all our customers, not only those who are traditionally classified as ‘wealthy’. Wealth means different things to different people – for Standard Bank, wealth is relative; all clients have aspirations regarding their individual wealth potential, and we’re here to ensure we assist them in realising their goals, fulfilling their dreams, and protecting what is important to them, regardless of their life stage or wealth journey.”

Nienaber was the global head of wealth and investment, and prior to joining Standard Bank she served on the Santam executive team, where she also managed their South East Asia expansion. Her previous roles also include chief financial officer for Hannover Reinsurance Africa, and managing director of Compass Insurance, a subsidiary of the Hannover Reinsurance Group.

She was recognised as the 2013 Most Influential Woman in Business and Government (Financial Sector), and during her years in the insurance industry, she was a board member of the South African Insurance Association and President of the Insurance Institute of South Africa.