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TymeBankBusinessLive reports that TymeBank announced a leadership shake-up on Monday, redeploying CEO Coenraad Jonker to oversee its overseas expansion in his new role as executive chair of Tyme Group.

Jonker has served as TymeBank CEO for just over two years. He will be succeeded by Karl Westvig, who now serves as TymeBank’s CEO for retail and business banking. According to the bank, Westvig brings extensive leadership experience in lending and fintech, along with a proven track record, to his new role. TymeBank is one of the world’s fastest-growing digital banks and the first to reach profitability in Africa. Tyme Group now has 12.5 million customers. “I think the big job that I had in the last two years was to get the business to profitability to make sure that the business is commercially sustainable, and we are at a point where the commercial sustainability of the business is in place,” Jonker indicated. His strategic placement overseas feeds into the objective of the businesses to be internationally listed by 2028. Jonker will be based in Singapore and will support the growth of the business in the Philippines. TymeBank chair Thabani Jali commented: “TymeBank has reshaped the banking landscape in SA and is on course to reach 10-million customers this year. We believe the time is right to redeploy key executives into positions that will best serve both TymeBank and the group.”

  • Read the full original of the report in the above regard by Noxolo Majavu at BusinessLive
  • Read too, TymeBank announces new CEO as it eyes public listing, at BusinessTech


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