WesBank has announced the appointment of Robert Gwerengwe as its new CEO, effective from Monday, 1 September. The lender stated that Gwerengwe will be responsible for leading the bank’s growth strategy moving forward.
Gwerengwe is currently the CEO of DirectAxis and also heads FNB’s Personal Sub-Segment cluster. He takes over from Ghana Msibi, who has been appointed CEO of FNB Business. Msibi’s move was recently announced as part of the bank’s leadership reshuffle.
WesBank described Gwerengwe as a highly experienced leader with over 19 years of service within the FirstRand Group. His extensive background includes various executive roles in retail banking, as well as at DirectAxis and UK-based motor finance provider MotoNovo, where he focused on strategy, financial performance, and growth.
In his new role, Gwerengwe will focus on maintaining WesBank’s leadership in vehicle and asset finance for both individuals and businesses. His appointment aims to strengthen the bank’s market position and support its strategic ambitions.
Gwerengwe holds an MBA from the Quantic School of Business and Technology in the United States, a BCom in Finance and Computer Science from Rhodes University, and a Postgraduate Diploma in Management from the University of Cape Town. His leadership is expected to bring fresh insights and drive WesBank’s continued success in a competitive financial environment.