By JUDITH NAMUTOWE -
BARCLAYS Bank Zambia (BBZ) has appointed Mizinga Melu as the bank’s new managing director, subject to completion of all necessary regulatory approvals effective 1 April, 2017.
Ms Melu takes over from Saviour Chibiya who will have responsibility for three banks in the Barclays Africa Group.
This is contained in a statement issued in Lusaka yesterday.
Barclays Africa deputy chief executive officer, Peter Matlare said Mr Chibiya would have oversight of the bank’s businesses in the Seychelles, Tanzania and Uganda and the managing directors of these businesses would report directly to him.
He said Mr Chibiya would have coverage responsibility for the Corporate and Investment Banking (CIB) business across markets outside South Africa, working closely with the central CIB team in Johannesburg.
“In line with the Wealth, Investment Management and Insurance (WIMI) strategy to partner with Rest of Africa (RoA) banking in executing the WIMI strategy on the balance of the continent, Mr Chibiya would also take responsibility for driving the go to market strategies for the WIMI businesses outside South Africa,” Mr Matlare said.
Commenting on Ms Melu’s appointment, Mr Matlare said the appointment of Ms Melu who possess a wealth of knowledge and experience in the market, demonstrated the bank’s commitment to its ambition to grow the business in Zambia.
BBZ chairperson, Jacob Sikazwe said the bank looked forward to Ms Melu, driving its strategy in Zambia, in particular to pursue growth opportunities in the market.
“This is particularly important given that Barclays Zambia is one of our biggest operations in the Group,” Mr Sikazwe said.
Mr Sikazwe praised Mr Chibiya for his leadership over the years, saying he was leaving behind a solid business with a clear strategy, and a strong control environment, upon which the bank would continue to build on its journey of becoming the bank of choice in Zambia.
Until this appointment, Ms Melu has been Regional management chief executive where she was responsible for coordinating integrated planning across the bank’s businesses outside of South Africa and developing stakeholder relationships with governments, regulators and boards in the markets.