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