Jaco Maree

2008-01-24 16:27
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Jaco Maree

In the news: Clinched the biggest deal of the year

Standard Bank CEO Jacko Maree clinched the biggest deal of the year when the Industrial and Commercial Bank of China bought a 20% stake in Standard Bank for R37bn.

The deal surpasses the R33bn that Barclays paid for more than 50% of Absa in 2005.

It was the largest investment by a Chinese bank outside China. In a victory for Maree, the face of the deal in South Africa, 95% of Standard Bank Group shareholders voted in favour of the deal in December.

In the news in 2007

  • SBank hits record on China deal
  • Chinese fever grips SA markets
  • High Court OK's Standard deal

    Click here to view Jaco Maree's Who's Who profile

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