Alec Hogg: Barry Hore’s R10bn legacy

Barry Hore's handover of the CEO role at Discovery Bank to the group's SA head Hylton Kallner (pictured above), was warmly greeted by investors. As the graph above illustrates, the financial services group's market cap rose sharply on the news..Also read: Alec Hogg: It's a crazy world, but still doesn't mean SA should keep friends like these.Investors interpret this changing of the guard as confirmation Hore's team has delivered the complex platform to enable practical implementation of the group's Shared Value strategy. Discovery believes this will change banking in the same way as its strategic concept is transforming health insurance worldwide..___STEADY_PAYWALL___.Also read: Inside Investing: Hylton Kallner, Discovery Bank CEO, on his new role to grow the operation.It's the third major milestone in Hore's extraordinary career. He first emerged as the genius geek who transformed was Richard Laubscher's Nedbank from laggard to SA banking's tech leader. Then, from 2006 to 2014, he managed installation of the world class eFiling system at SA Revenue Services..Also read: Alec Hogg: Adrian Gardiner's lessons for all.The reaction of the Discovery share price confirms that Hore has delivered on another challenging project, the tech-savvy disruptor once again breaking new ground. Investors quantified the value of his success at R10bn. Some legacy..TO LISTEN….Latest audio on BizNews Radio.…..(click on the link to access).Inside Covid-19: What SA will look like in 2021BizNews share portfolio – Celebrating six great yearsFlash Briefing: SA's vaccine mis-step; PIC eyes pensionsJail time, stiff fines for SA employers flouting mask rulesThe Alec Hogg Show: Meet comeback kid Adrian Gardiner.TO WATCH….Plenty to choose from on the BizNews TV channel on Youtube…

Alec Hogg: Barry Hore’s R10bn legacy

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