WesBank is pleased to announce that Robert Gwerengwe, the current CEO of Direct Axis & FNB’s Personal Sub Segment cluster, will take over as WesBank CEO, effective today, 1 September.

Gwerengwe succeeds Ghana Msibi, who has been appointed as FNB Business CEO. In his new role, Gwerengwe will continue to drive strategic growth for WesBank, ensuring it maintains its leadership position and success in vehicle and asset finance for individuals and businesses.

WesBank’s strong partnerships, its ability to fulfill motor financing at the point of sale, and its integration into the FNB platform, which allows it to offer vehicle and asset-based finance solutions to existing FNB retail and consumer customers, have proven to be a highly successful strategy. 

“I’m honored to be joining WesBank at this crucial time for the automotive and vehicle finance sector, as it navigates changing consumer demand and actively transitions to a sustainable model, driven by global ESG principles. I will be working with the excellent team at WesBank to continue providing finance solutions and fostering partnerships within the automotive industry that add value for both individuals and businesses,” says Gwerengwe.

Gwerengwe has vast experience across various executive roles within FNB’s Retail Banking segment, Direct Axis and MotoNovo in the UK. In these roles, he has been instrumental in driving customer-centric innovations, overseeing strategy, financial performance, and growth. 

He holds a Quantic Master of Business Administration (MBA), a BCom in Finance and Computer Science from Rhodes University, and a Postgraduate Diploma (PGDip) in Management from the University of Cape Town.