Press release -
Discovery Bank expands its leadership team with the appointment of Francois Groepe
Discovery Limited today announced the appointment of Francois Groepe as deputy CEO of Discovery Bank, with effect from 1 August 2019.
Said Groepe of his appointment: “The South African financial services landscape is undergoing significant structural change and Discovery Bank, which is the world’s first behavioral bank, will be playing a key role in this changed landscape. I look forward to being part of this exciting transition.”
Added Barry Hore, CEO of Discovery Bank: “We are pleased to welcome Francois Groepe who brings with him tremendous experience in both the corporate and regulatory environments. He is a seasoned executive and will be a valuable addition to our team.”
Prior to joining Discovery, Groepe (49) was deputy governor at the South African Reserve Bank, where he served 14 years on the Board of Directors, seven of which he served as an executive with oversight over various functions including the Fintech Unit. Before this, Groepe was the Group Managing Director and CEO of Media24.
“The Bank is in an excellent position, now focused on providing a seamless experience to clients as it opens up more broadly in coming weeks. Francois joins at an incredibly exciting time and complements the dynamic and purpose-driven team that has dedicated itself to building a world-class digital bank,” said Adrian Gore, Chief Executive of Discovery Limited.
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About Discovery
Discovery Limited is a South African-founded financial services organisation that operates in the healthcare, life assurance, short-term insurance, savings and investment and wellness markets. Since inception, Discovery has been guided by a clear core purpose – to make people healthier and to enhance and protect their lives. This has manifested in its globally recognised Vitality Shared-Value insurance model, exported to over 19 countries and reaching over 11 million members. Discovery trades on the Johannesburg Securities Exchange, with a market cap of $7 billion.
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