Business mogul Thomson Mpinganjira has retired from FDH Financial Holdings Limited as chief executive officer effective September 1 2020, the financial services group has said.
A statement signed by the group’s board chairperson Noel Mkulichi said Mpinganjira’s retirement follows thefulfillment of his ambition and vision in December 1999 when First Discount House (FDH) was conceived.
Reads the statement: “Mpinganjira’s vision was to leave a legacy that will outlive him and generations to come setting the pace for Malawians, a vision that has been realised through the growth of FDH Financial Holdings Limited and its subsidiaries, which provide jobs for more than 800 employees in the country.”
The group has since appointed William Mpinganjira, son to Thom Mpinganjira and himself a seasoned banker with more than 11 years’ experience in the banking and financial industry with international exposure in London, as its group chief executive officer with effect from September 1 2020.
A separate statement from the financial institution said prior to his appointment,Mpinganjira, whose appointment has been approved by the Reserve Bank of Malawi (RBM), worked as deputy managing director for FDH Bank plc for three years and was acting managing director for the Bank in 2019.
William Mpinganjira holds a Bachelor’s Degree in Finance and Accounting, a Master of International Business Degree and a Master of Banking and Finance Degree from Bangor Business School, Wales.
William Mpinganjira has since been replaced by George Chitera as FDH Bank plc deputy managing director.