© Reuters. Customers queue to draw money from an ATM outside a branch of South Africa’s Standard Bank in Cape Town, March 15, 2016. REUTERS/Mike Hutchings/Files

(Reuters) – Standard Bank Group Ltd, Africa’s largest lender by assets, said on Tuesday it has appointed Nonkululeko Nyembezi as the chairman designate of the company’s board.

Nyembezi will also be the chairman designate of The Standard Bank of South Africa Ltd’s board, the lender said, adding that she will take over the roles from June 1.

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