Executive Moves
Senior appointments, board changes, and leadership transitions shaping the financial industry.
Standard Bank South Africa Appoints David Hodnett as CEO, Succeeding Sim Tshabalala
David Hodnett, former Group Chief Risk Officer of Standard Bank, became CEO of Standard Bank South Africa on 10 October 2025, succeeding long-serving Sim Tshabalala.
Stanbic IBTC Holdings Appoints Chukwuma Nwokocha as Substantive Group Chief Executive
Stanbic IBTC Holdings has named Chukwuma Nwokocha as substantive Group Chief Executive effective 2 October 2025, succeeding Acting CEO Dr. Kunle Adedeji.
Wells Fargo's Charlie Scharf Becomes Chairman, Combining CEO and Chair Roles for First Time Since 2016
Charlie Scharf became Chairman of Wells Fargo in October 2025, reuniting the CEO and Chair roles for the first time since John Stumpf's resignation in 2016, after the Fed lifted the bank's asset cap.
India Appoints Asheesh Pandey as MD and CEO of Union Bank, Succeeding A. Manimekhalai
India's Appointments Committee of the Cabinet approved Asheesh Pandey as Managing Director and CEO of Union Bank of India for a three-year term, with his tenure effective from September–October 2025.
India's Central Bank of India Appoints Kalyan Kumar as MD and CEO
The Indian government has approved Kalyan Kumar, formerly Executive Director of Punjab National Bank, as MD and CEO of Central Bank of India for a three-year term.
Thailand's Vitai Ratanakorn Assumes Five-Year Tenure as Bank of Thailand Governor
Vitai Ratanakorn, former head of the Government Savings Bank, took charge as Bank of Thailand governor on 1 October 2025 following cabinet approval in July.
ICBC Names Yao Mingde as Its First-Ever Standalone Chief Financial Officer
ICBC formally appointed Senior Executive Vice President Yao Mingde as concurrent CFO on 30 September 2025, the first time the bank has designated a standalone holder of the role in its history.
Ethiopia Names Eyob Tekalign as National Bank Governor Following Mamo Mihretu's Departure
Prime Minister Abiy Ahmed has appointed Eyob Tekalign, formerly State Minister of Finance, as Governor of the National Bank of Ethiopia, succeeding Mamo Mihretu.
Bank of America Names Dean Athanasia and Jim DeMare as Co-Presidents Under CEO Brian Moynihan
Bank of America announced Dean Athanasia and Jim DeMare as Co-Presidents and confirmed Alastair Borthwick as EVP and CFO on 12 September 2025.
TD Bank Group Names Taylan Turan as COO and Simon Fish as General Counsel
TD Bank Group announced the appointments of Taylan Turan as Chief Operating Officer and Simon Fish as General Counsel, both joining in September 2025.
Standard Bank of South Africa Appoints David Hodnett as CEO in Succession from Sim Tshabalala
David Hodnett, former Group Chief Risk Officer, has been named CEO of Standard Bank of South Africa, effective September 2025, as Sim Tshabalala moves toward retirement.
Attijariwafa Bank Appoints Rachid Kettani as Deputy CEO for Retail Banking, Succeeding Retired Hassan Bertal
Morocco's Attijariwafa Bank has promoted former CFO Rachid Kettani to Deputy CEO for Retail Banking covering Morocco and Europe, succeeding Hassan Bertal who retired from the position.