By Thoboloko Ntšonyane
MASERU- Standard Lesotho Bank (SLB)has announced the appointment of Samuel Seboka as its new Chief Executive Officer (CEO), effective 1 January 2025.
This the bank said in a statement last week.
“The Chairman and Board of Directors of Standard Lesotho Bank are pleased to announce the appointment of Mr. Samuel Seboka as the new Chief Executive of Standard Lesotho Bank, effective 1 January 2025,” reads the bank’s statement.
He succeeds the outgoing Chief Executive, Anton Nicolaisen who has been at the helm since 2021.
Seboka is currently serving as the Head of Corporate and Investment Banking at the SLB.
He boasts over 15 years of extensive experience in the banking sector.
A Chartered Accountant, the incoming Chief Executive is expected to leverage his skills and experience to guide SLB through its next phase of growth. Under his leadership, the bank is anticipated to maintain its focus on financial inclusion while supposedly leveraging digital banking innovations to extend its reach to underserved rural areas.
He reportedly has been instrumental in driving the bank’s growth, fostering collaboration across teams and building enduring relationships with key clients and stakeholders.
The bank further commended him. “His leadership has significantly contributed to the Bank’s continued success and its strong position in the market. His unique blend of technical expertise, strategic vision, and leadership experience position him to continue building on Standard Lesotho Bank’s legacy of innovation and excellence.”
In addition to being a Chartered Accountant, Seboka also holds a Diploma in Forensic Accounting and Investigations from the University of Johannesburg.
Seboka’s upward trajectory has now positioned him at the helm having previously held key leadership roles. He served as Chief Financial Officer at Nedbank Lesotho before advancing to Head of Consumer Channels and Distribution, as well as Head of Transactional Products at SLB.
SLB plays a critical role in Lesotho’s economy, supporting critical infrastructure projects such as the Lesotho Highlands Water Project (LHWP).
The government of Lesotho holds a 9.65% stake in the SLB. It is a subsidiary of the Standard Bank Group.
“The Board extends its heartfelt appreciation to Mr. Anton Nicolaisen, who has served as the Chief Executive since January 2021 to date. Under his leadership, the Bank achieved significant milestones and solidified its role as a leader in Lesotho’s financial services industry,” further reads the SLB’s statement.