DURBAN - TymeBank, South Africa's newest bank, has announced the appointment of its new Chief Executive, Tauriq Keraan with immediate effect.
Tauriq was previously deputy Chief Executive of TymeBank. He played an instrumental role in the bank’s development, having been a member of the team that led to Tyme’s inception in 2012 and having played a critical role in the market launch of TymeBank in 2019.
Keraan succeeds former Chief Executive Sandile Shabalala who resigned in June for personal reasons.
Dr Johan van Zyl, co-Chief Executive Officer of African Rainbow Capital, the controlling shareholder of TymeBank said, "Tauriq takes the reins at an important point in TymeBank’s evolution as he has to ensure customer enrolment is sustained over the coming months and beyond. Given his experience, both as a member of the team that launched TymeBank, and as someone who has worked in the space of digital innovation for more than a decade, both the TymeBank board and ARC, believe he will lead his executive team to implement the business strategy successfully".
Thabani Jali, Chairman of TymeBank said, "We are pleased that Tauriq will take up the position of Chief Executive of TymeBank as it will ensure continuity in the business. He is a seasoned executive who will continue to build TymeBank in its efforts to deliver affordable and accessible banking to our customers. Under Tauriq’s leadership, management will continue implementing the bank’s existing strategy".