With an Institute of Bankers diploma and a Masters degree in economics under her belt, Ramos is the only South African bank CEO with a banking qualification and one of just four across the continent, the latest Lafferty Bank Quality Ratings report reveals.
The other three highly qualified African banking chiefs – Nnamdi Okonkwo of Fidelity Bank, Razack Adeyemi Adeola from Sterling Bank and Access Bank head Herbert Wigwe – all hail from Nigeria.
While not taking away from the qualifications possessed by South African banking bosses, predominantly MBAs and Advanced Management Programme (AMP) diplomas, and their capabilities, Lafferty Group Chairman Michael Lafferty says these qualifications don’t necessarily equip executives with the critical skills and risk comprehension to analyse in-depth banking matters in the same way that a specialist banking qualification does.
“We do not consider that being a chartered accountant or a lawyer with an MBA amounts to a banking qualification,” he was quoted saying in a Business Day report.
“The CEO of Royal Bank of Scotland was a chartered accountant, but the bank failed.”
According to Business Tech, Standard Bank co-CEO Sim Tshabalala holds an LLB degree, a higher diploma in Tax and an AMP diploma, while Ben Kruger, the bank’s other co-CEO, is a qualified chartered accountant with an AMP diploma. Both men’s AMP diplomas were earned at Harvard University.
FNB CEO Jacques Celliers holds a Civil Engineering degree and an MBA from UCT, while Mike Brown, Nedbank CEO, holds a B Com degree and an MBA from Harvard.
Capitec head Gerrie Fourie has a B Com Honours degree and an MBA – both from Stellenbosch University, while FirstRand Group CEO Johan Burger is a qualified chartered account.