Standard Bank, previously known as the Commercial Bank of Malawi, was registered as a commercial bank on 15 March 1969. The start-up share capital was K2.5 million and the founder shareholders were the Malawi Development Corporation (20%), Press Holdings Limited (20%) and Banco Pinto Sotto Mayor (60%). The first branch was opened in Limbe on 11 April 1970. In the increasingly competitive environment in which we operate, managing talent has become a critical factor in maintaining competitive advantage, and is an area where we invest significant resources. The successful performance achieved by the Bank over the years is testimony to the ability of our people to execute our strategic objectives effectively and consistently. The Standard Bank Group’s Global Leadership Centre (GLC) plays an important role in developing excellence among executive and operational leadership. The GLC offers internationally designed management development programs aligned to global best practice and the Gr