Darrel Orsmond is a Principal in the Banking Practice and joined Genesis Analytics in 2010 after a long career at Standard Bank, Personal and Business Banking. During his tenure at the bank, he was a member of Standard Bank’s Retail Executive Committee for 12 years, as well as a member of the Group Strategic Technology Forum and the Group Payments Committee, and was a sponsor of the Services Orientated Architecture Project. He also chaired the bank’s New Products Committee, MIS Committee and Retail Pricing Committee, and served as Head of Retail Pricing. In particular, he gained extensive experience in running income statement and balance sheet functions, and in product development and pricing.
Darrel has a rich understanding of the retail banking value chain, especially of the integration of capabilities and processes needed to support technology systems and to deliver on organisational goals. He has worked with the shaping and design of the business and operating model for Standard Bank (Retail). Since joining Genesis, Darrel has worked on a growth strategy for a bank in East Africa, advising on the segment approach, as well as on income statement and balance sheet scenarios for capital provision. This assignment required a multi-country plan in order to provide an operating model that would be consistent with the client’s organizational strategy.
Darrel also led a project to develop a set of strategic plans for a bank in Botswana, which required a focus on leveraging the bank’s key capabilities in order to grow and improve its profit performance. More recently, he advised a bank in West Africa on its inclusive banking strategy and its approach to mobile banking. He has also been involved in assessing the debt counselling industry in South Africa in order to recommend appropriate steps to improve the current performance for all stakeholders. Darrel holds a Bachelor of Commerce degree from the University of Pretoria and a Master of Business Leadership degree from the University of South Africa (UNISA), having majored in International Financial Markets, Services Marketing and Strategic Technology.