Standard Bank Group, Africa's largest lender by assets, announced that its Chief Executive Officer Sim Tshabalala and Chief Financial Officer Arno Daehnke will retire by the end of 2027. Tshabalala, who has outlined an ambitious agenda for his remaining two years in leadership, stated that his decision to step down is to make room for younger colleagues. The announcement coincides with a strong half-year financial performance for the bank, which has positively influenced its share price.