Appointed Chief Executive Officer of Capitec Bank in March 2004, he was instrumental in forming the bank and it’s unique positioning and service platform in the market, as Managing Director since inception in June 2000. The bank addresses the retail banking needs of all South Africans by providing an innovative, single money management solution which offers access to savings, credit and transacting facilities via real-time, biometrically controlled, paperless processes. This simplified approach to banking delivered through transparent pricing, information and processes has put clients in control of their money. The result has been consistent growth in clients joining Capitec Bank. His experience in banking stems from his previous position as Managing Director of Boland PKS, where innovation led the bank from personal banking to a focus on specialised banking for small businesses and mass market banking via a joint venture with retailer Pep Stores. Prior to his career in banking, he gained extensive experience in the liquor industry through his responsibilities as Operations Director of Distillers Corporation. Mr Stassen purchased Hidden Valley Wines in June 2015. He became Chairman of Capitec Bank in May 2016.