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Asante Mokhuoa

@AsanteOnBoards17,677 subscribers

Executive Chairperson| Board Consultant| Governance Specialist| Writer & Speaker| Equality Advocate| SAWIL| Global Board Consortium| HD Afrika| Arabuntu

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Leadership ya maReturnSoldiers who married young and naive (bo rona so...), survived the unraveling, and chose evolution over bitterness. Now glowing in her own right, she is raising replicas of the man she once hoped to find in their father. 🥰👌🏾🙌🏾

Leadership ya maReturnSoldiers who married young and naive (bo rona so...), survived the unraveling, and chose evolution over bitterness. Now glowing in her own right, she is raising replicas of the man she once hoped to find in their father. 🥰👌🏾🙌🏾

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MORE EXECUTIVES JUMP SHIP FROM STANDARD BANK TO ABSA In March 2025, I published an article titled: “BANKING CEO JUMPS SHIP – POWER MOVE OR CAREER SUICIDE AT 54?” In that article, I laid out the full context, the risk, and the stakes of Kenny Fihla’s move from Standard Bank Group to Absa Group. What is unfolding now does not require reinterpretation or embellishment. It simply confirms that the framework was correct. Since Kenny Fihla’s departure, the following executives have also jumped ship: 1. Zaid Moola Former: Head of Global Markets and Corporate and Investment Banking (CIB), South Africa at Standard Bank Appointed: Chief Executive, Corporate and Investment Banking at Absa 2. Musa Motloung Former: Chief Risk Officer, Corporate and Investment Banking at Standard Bank Appointed: Group Strategic Risk Officer at Absa 3. Avikaar Ramphal Former: Portfolio Head of Strategy Enablement, Corporate and Investment Banking at Standard Bank Appointed: Head of Strategic Risk at Absa 4. Clive Potter Former: Head of Client Coverage, Corporate and Investment Banking, South Africa at Standard Bank Appointed: Managing Executive for Client Coverage at Absa 5. Francisco Khoza Former: Head of Legal at Standard Bank Appointed: Deputy General Group Counsel at Absa When I wrote that article, I was not reacting to headlines. I was tracing a pattern. I began by making one thing clear. This was not a routine leadership transition. Senior executives move all the time, but they do not usually walk away from certainty, succession, and institutional gravity at the exact moment when power is most secure. This move disrupted assumptions precisely because it did not follow the script. I then went further back. I reminded readers that Kenny Fihla’s career had never been defined by comfort or continuity. His defining moments had come in broken systems, in environments marked by instability, resistance, and pressure. From the public sector to banking, his credibility was built by stepping into dysfunction and restoring order, not by inheriting well-oiled machines. Later that year, at our Graduation and Year-End Celebration with the Global Board Directors’ Programme graduates, I was privileged enough to ask him that very question. And the man himself answered why. (Video attached.) What is emerging now is not just a story of people moving, but of direction being set. While Absa Group may be smaller than Standard Bank Group in sheer scale, the choices being made point to a bank that is becoming far more deliberate about where and how it grows. The emphasis on targeted African markets, disciplined expansion, and selective acquisitions suggests a strategy anchored in depth rather than sprawl. Recent transactions include the acquisition of Standard Chartered’s operations in Uganda and HSBC’s retail and business banking portfolio in Mauritius. Since Kenny Fihla took the helm, Absa’s share price has risen by 41 percent, outperforming the FTSE/JSE Banks Index, which gained 25 percent over the same period. This rally has lifted the group’s market capitalisation to approximately R219 billion, or $13.4 billion. Coupled with renewed market confidence and early signs of momentum, this feels less like a short-term rebound and more like the opening chapters of a longer institutional rebuild. Growth, in this context, is not being chased. It is being curated. As 2026 unfolds, I wish Kenny Fihla and the team forming around him continued wisdom, courage, and steadiness in execution. Building institutions is slow, often thankless work. But when done well, it reshapes markets, careers, and confidence far beyond balance sheets. More executives jump ship from Standard Bank to Absa... is this signalling a shift in africa’s banking sector? The work is underway. The continent is watching. #AskAsanteOnBoards

Asante Mokhuoa

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