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Barry hore
Barry Hore, the The technologist who has run Discovery Bank since its inception is retiring.
The former CIO of Nedbank and former COO of the South African Revenue Service will be replaced as CEO on January 1, 2021 by Hylton Kallner, Discovery said in a statement to shareholders on Thursday.
The appointment comes after Discovery Bank completed its “build and migrate” phase, during which the fledgling bank completed “several major milestones,” including the rollout of digital banking, the new bank’s products, and successful migration. from the FirstRand Banco Discovery Card account. He now has 500,000 accounts and R5 billion in retail deposits.
“By taking over from Barry, Hylton will leverage his experience as CEO of Discovery’s South African companies in building a powerful and integrated composite,” said Discovery.
“His understanding of Discovery’s shared value business model, coupled with his extensive experience at the Discovery Group spanning nearly 25 years, position him well to drive the continued growth and success of Discovery Bank.”
Kallner will step down from various Discovery subsidiary boards, but will retain his role as Chairman of the Discovery South Africa Executive Committee “as the key coordinating structure throughout the whole of South Africa.”
‘Ground’
“This will allow it to leverage the assets of the entire group as the bank is focused on driving strong, high-quality customer growth and value,” said Group Chief Executive Adrian Gore.
“For the past five years, Barry Hore has led the bank’s construction from the ground up, culminating in the public launch and completion of the migration of FirstRand Bank’s Discovery Card portfolio. I would like to thank you for your invaluable contribution, ”said Gore.
“His unique combination of deep banking and technology expertise has been instrumental in establishing a strong operational capability and a cutting edge digital customer proposition, attracting a high-quality customer base and a strong retail deposit franchise.” – © 2020 NewsCentral Media
