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30 January 2002
Dipak Patel heads Stannic
The former Director-General of Transport, Dipak Patel, has been appointed Head of Stannic, Standard Bank’s asset finance division.
Patel left the Department of Transport in November 1999 to further his studies for a Master of Science degree through the University of London.
While in the United Kingdom, he accepted a position with Rothschild Investment Bank in London for six months as part of its telecommunications and Internet sector team. He left the bank in 2000 to continue his studies full time, reading economics and development at the University of London.
Patel, a chemical engineer, has a MBA from the University of the Witwatersrand and a postgraduate management diploma from the University of Durban-Westville. He joined South African Breweries (SAB) as a management trainee in 1985.
In 1991 he was appointed project manager at SAB. It was during this period that he was appointed a member of the ANC negotiating team at CODESA (Congress for a Democratic South Africa).
In 1993, Patel became special advisor to the Secretary-General of the ANC. He was appointed chairperson of the National Taxi Task Team in 1995 with responsibility to end the taxi violence and to create a regulatory framework for the taxi industry.
Patel was appointed Chief Director: Management Services at the Department of Transport in 1994 and in 1998, he was promoted to Deputy Director-General. He was appointed Director-General in 1998.
Jacko Maree, Standard Bank Chief Executive, said he was delighted Patel had joined the bank. “Dipak’s broad expertise gained over a wide range of endeavours will certainly be most valuable to the Standard Bank. It is pleasing that we continue to attract executives of his calibre.”
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