Malawi Stock Exchange (MSE)-listed FDH Bank plc has appointed its deputy managing director (MD)George Chitera as the bank’s acting MD effective July 1 2021.
In a statement signed by the bank’s board chairperson Charity Mseka, the bank said Chitera replaces Dr Elias Ngalande, who has retired from the bank after a one-year five months tenure.
Mseka said Chitera brings to the bank extensive experience in banking and financial services acquired over the years.
She said: “Chitera joined FDH Financial Holdings in 2007 and has over 17 years extensive professional experience in leadership, strategy formulation, business development, corporate finance, financial planning and analysis, strategic planning, banking, risk management, capital allocation, debt structuring, treasury and tax planning.”
FDH Bank plc has since thanked Ngalande, a former governor of the Reserve Bank of Malawi who has also previously served as Secretary to the Treasury, for his contribution to the bank’s growth and success which include leading and guiding it to list on the MSE on 3 August 2020.