Kennedy Bungane (affectionately known as KGB) obtained a BCom degree from the University of Natal. He is an alumnus of the University of Pretoria’s Gordon Institute of Business Science (GIBS) with an MBA in Advanced Corporate Finance and Marketing Strategy. He attended the Harvard Business School Advanced Management Programme in 2006.
He started his career with the Standard Bank’s Vereeniging branch in 1991, joining the Global Markets (Treasury) Unit of Standard Corporate and Merchant Bank (SCMB) in 1996 as a forex trader and dealer. He returned to Standard Bank to launch and head up the Forex Sales: New Business Development Unit. The motivation for such a unit was partly influenced by the conclusions reached in the research for his MBA project, which was based on a concept of marketing strategy to defend market share in forex for domestic banks.
He was invited to join Standard Bank Corporate and Investment Banking (CIB) as a member of the executive committee in 2003, where he launched the BEE Financing Unit in investment banking. He later ran the Coverage and Distribution Businesses Unit of CIB South Africa. He is currently the Chairman of the Credit Suisse Standard Securities and was appointed as South African Deputy Chief Executive of CIB South Africa. He joined the Standard Bank Group Executive Committee early in 2008.
This alumnus of the University is widely recognised as one of the key architects of the transformation strategy of the financial sector and is a leading opinion-maker in the unfolding process of Black Economic