Discovery Bank appoints new CEO
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Discovery has announced the appointment of Hylton Kallner as the new chief executive officer of Discovery Bank and Discovery Bank Holdings, effective from 1 January 2021.
Kallner replaces Barry Hore who oversaw the bank as it completed its ‘build and migration’ phase.
“These include the build of the bank‘s powerful digital banking capability based on the shared-value model, the creation of world-class banking products and the successful migration of all Discovery Card accounts from FirstRand Bank Limited to Discovery Bank,” Discovery said.
Now over a year into operations, Discovery said that its bank has reported strong growth with over 500,000 accounts and R5 billion in retail deposits.
Barry Hore, the technologist who has led Discovery Bank since its inception, is stepping down. Long-serving Discovery executive Hylton Kallner will replace him on 1 January.
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Discovery has appointed Hylton Kallner as its new Chief Executive Officer (CEO) of Discovery Bank, with effect from 1 January 2021. Kallner takes over from Barry Hore, as the Bank has completed its build and migration phase.
Building on this momentum and supported by the Bank team, Kallner is taking Discovery Bank forward as it accelerates this growth and increases its focus on integration.
Discovery Chief Executive, Adrian Gore says “Hylton will leverage his experience as CEO of the SA businesses in building a powerful and integrated composite. His understanding of Discovery’s Shared-Value business model, along with his extensive experience at Discovery Group spanning nearly 25 years, position him well to drive continued growth and success for Discovery Bank.”
Johannesburg, 10 December 2020
- Financial services group Discovery announces the appointment of Hylton Kallner as Chief Executive Officer (CEO) of Discovery Bank, with effect from 1 January 2021. Kallner takes over from Barry Hore, as the Bank has completed its build and migration phase, during which several important milestones were achieved.
These include the build of the Bank‘s powerful digital banking capability based on the Shared-Value model, the creation of world-class banking products and the successful migration of all Discovery Card accounts from First National Bank (FNB) to Discovery Bank. The Bank has also seen its first full year of operations, with all user journeys maturing and strong growth to over 500,000 accounts and R5bn in retail deposits. It continues to innovate at a rapid pace, with the latest rewards and digital enhancements being positively received. Building on this momentum and supported by the Bank team, Kallner is taking Discovery Bank forward as it