Standard Bank Malawi has named Chief Finance Officer, Temwani Simwaka, as its acting Chief Executive Officer.
Simwaka’s appointment is effective September 1 and she takes over from Andrew Mashanda, who has been at the helm of the bank since 2013.
In a statement released over the weekend, Standard Bank Malawi Board Chairman, Rex Harawa, said Mashanda left on August 31 2017 to take on a different role within the Standard Bank Group.
Har awa expressed gratitude to Mashanda for registering successes during his tenure office.
“The Board would like to take this opportunity to express its profound gratitude to Andrew for his sterling leadership of the Bank during his tenure.
“The Board wishes Andrew success as he moves forward into another challenge at the Group level,” Harawa said.
During his time as Standard Bank Malawi boss, Mashanda led in efforts to build a strong bank and brand that sustainably maintained market share and grew profitability.
“He leaves the bank in a very strong and healthy position financially and technologically and has laid the foundation for a sound financial services institution capable of delivering world-class banking services and products in line with the customer-centricity goal,” Harawa said.
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