Maravi

(NEWZIMBABWE) Standard Chartered names new CEO

Standard Chartered names new CEO
29/11/2011 00:00:00
by Business Reporter

STANDARD Chartered Bank has named a new CEO for its Zimbabwe operations. Ralph Watungwa is promoted from heading Standard Chartered’s fast growing consumer banking franchise in Zambia.

Diana Layfield, the bank’s Regional Chief Executive Officer for Africa, also announced that Cameroonian national Ebenezer Essoka will take over as the Area General Manager for Southern Africa, alongside his existing role as CEO South Africa.
The man Essoka is replacing, the Zimbabwean Washington Matsaira, is retiring after nearly 30 years with the bank.

Layfield said in a statement on Tuesday: “These are exciting times for our clients and customers in Zimbabwe as the economic recovery gains momentum. Ralph will ensure the bank continues to play a full part in financing growth and employment across the country.”

She expressed confidence in Essoka, describing him as “one of Africa’s most experienced bankers”. Essoka, who headed the bank in Ghana before being transferred to South Africa, has held senior positions in eight of Standard Chartered’s African markets over the past 25 years.

Layfield added: “On behalf of Standard Chartered, I would also like to thank Washington Matsaira for his outstanding service, spanning almost three decades.“He leaves behind thriving businesses in Zambia, Zimbabwe and Botswana and we wish him well in his future business ventures.”

Essoka will remain based in Johannesburg, South Africa and Watungwa will be based in Harare.

Labels: BANKING, RALPH WATUNGWA, STANCHART

posted by MrK @ 4:22 AM