Standard Bank Group Limited announced the appointment of Lwazi Loyiso Bam to its board and the board of The Standard Bank of South Africa Limited as an independent non-executive director with effect from 1 November 2022. Lwazi Bam (50), B.Com (Hons)(University of KwaZulu Natal), B.Compt (UNISA), AMP (Harvard Business School), CA(SA), was the CEO for the Deloitte Africa firm, a member of the Deloitte Global Network, until 31 May 2022. He also served as a member of the Deloitte Global Executive Committee, and prior to this, he served on the Deloitte Global Board.

Mr. Bam remained a partner of the firm until 30 September 2022 to oversee the completion of several projects.