Standard Chartered Bank Zimbabwe Limited Directors Profiles

Lovemore Tavaziya Manatsa (Chairman)

Lovemore was appointed an Independent non-Executive Director of the Board of Standard Chartered Bank Zimbabwe Limited on 1 March 2012. He was then appointed the Chairman of the Bank’s Board of Directors on 3 April 2017. He was appointed a Non-Executive Director of British American Tobacco Zimbabwe (Holdings) Limited on 31 January 2016 having taken early retirement from the position of Managing Director of British American Tobacco Zimbabwe (Holdings) Limited on same date. In May 2016 he was appointed the Chairman of the Board of British American Tobacco Zimbabwe (Holdings) Limited.

Prior to his early retirement from British American Tobacco Zimbabwe (Holdings) Limited, he was the Managing Director from 2008 to January 2016, having joined the company in 1995. He held various positions in BAT including Country Manager for Malawi and Zambia.

Lovemore holds a Masters degree in Leadership & Change Management from Leeds Metropolitan University, a Bachelor of Commerce degree from UNISA and a Diploma in Journalism from the International Press Institute. Lovemore chairs the Bank’s Board Credit Committee, and the Board Risk Committee. He also sits on the Board of the British Business Association in Zimbabwe.

Ralph Watungwa (Chief Executive Officer)

Ralph is the Chief Executive Officer of the Bank. He was appointed to his current role in January 2012 and has 30 years banking experience with Standard Chartered Bank Group in various capacities and different locations. Prior to his current appointment, Ralph served as Head of Retail Banking in Zambia for three years and before that he was Head of Retail Banking for Standard Chartered Bank Tanzania. He has also served as the Executive Director for Retail Banking for Standard Chartered Bank Zimbabwe and worked in various roles and capacities within the Bank in Corporate Banking, Project Finance, Corporate Finance and Trade finance in Zimbabwe between 1987 and 2000. Ralph is a product of the Bank’s graduate training programme and holds a Master of Business Administration degree as well as a Bachelor of Business Studies Honours degree, both from the University of Zimbabwe. He is an Associate Member of the Institute of Bankers, Zimbabwe. He has attended various senior management programmes at Oxford and Insead Business Schools.

Ralph is Chairman of the Institute of Bankers of Zimbabwe and the Deputy President of the British Business Association. He is also a Non Executive Director of Mashonaland Holdings.

Christopher Mwerenga (Chief Financial Officer)

Chris is the Chief Financial Officer of the Bank. He was appointed to his current role in April 2014, having worked in the Africa Regional Office (ARO) in South Africa for nearly six years as Head WB Finance ARO and Southern Africa. Prior to joining ARO in South Africa, Chris had served in different capacities in Finance and the CEO’s office in Zimbabwe for a period of five years. In 2006, Chris briefly left the Bank to join the second largest building society in Zimbabwe at that time, Beverley Building Society as Finance Director for two and half years before rejoining SCB in South Africa. Chris is a Fellow of the Chartered Institute of Management Accountants (FCMA) United Kingdom (UK), a Chartered Global Management Accountant (CGMA) UK and a member of the South African Institute of Public Accountants (SAIPA). He also holds a Masters degree in Business Leadership (MBL) with the University of South Africa (UNISA) and a holder of an honours degree in Business Studies with the University of Zimbabwe. He sits on the Board Loans Committee.

Dr Samuel Mushiri (Independent Non-Executive Director)

Dr Mushiri is an accomplished business executive with a strong commercial background. He held the role of Chief Executive Officer for Star Africa Corporation from September 2012 until June 2015. Previously, he was an Executive Director at Delta Corporation Limited, where he worked for 31 years. Dr Mushiri was appointed an Independent Non-Executive Director of the Board for Standard Chartered Bank Zimbabwe Limited with effect from 1 March 2014.

He chairs the Board Loans Committee and sits on the Board Audit Committee. He holds a BSc Hons, MSc and PhD degrees from London and Loughborough Universities in the United Kingdom.

Herbert Mashanyare (Independent Non-Executive Director)

Herbert is a former Mining Executive who worked for a number of mining companies to become an Executive Director at Mimosa Mining Company (Private) Limited, a position he held until his retirement in 2014. He was appointed as an Independent Non-Executive Director on the SCB Zimbabwe Limited Board of Directors on 3 April 2017, and sits on the Board Audit and Board Credit Committees.

He holds BSc and MPhil degrees from University of Zimbabwe and an MSc(Eng) degree and DIC from Imperial College, University of London.

His appointment will bring a wealth of mining experience onto the Board. He is also an Independent Non-Executive Director of Proplastics Limited, a company listed on the Zimbabwe Stock Exchange.

Eve Mkondo (Independent Non-Executive Director)

Eve is one of the most senior female Chartered Accountants in the country. She has worked for a number of companies, including Delta Corporation Limited, StarAfrica Corporation Limited and African Consolidated Resources Limited, as Chief Financial Officer. She sits on the Boards of First Mutual Holdings Limited, Pearl Properties Limited, Schweppes Zimbabwe Limited and Allied Timbers (Zimbabwe) (Private) Limited and chairs their respective Board Audit Committees. She brings a wealth of auditing and finance knowledge onto our Board.

She was appointed as an Independent Non-Executive Director on the SCB Zimbabwe Limited Board of Directors on 3 April 2017. Eve chairs the Board Audit Committee and sits on the Board Loans Committee.

Millicent Clarke (Non-Executive Director)

Millicent Clarke is Head of Human Resources, Africa & Middle East (AME) Region for Standard Chartered Bank, where she is responsible for the overall strategic people agenda in AME. She joined SCB in August 2013 as the Regional Head of Talent for Africa, and was later appointed as Head of HR for Africa in December 2013. Before joining SCB, she was Head of HR, Barclays Africa Retail and Business Banking. She also worked for the leading shipping firm Maersk / Safmarine in various HR leadership positions over a 12 year period, with her last role being the Organisational Development Executive for Africa from 2003 to 2006.

Millicent also spent her earlier career lecturing Business Management in various tertiary institutions in Ghana and South Africa. She holds a Masters in Business Leadership (MBL) from the University of South Africa, a BA(Sec) Honours and a Diploma in Education from the University of Cape Coast, Ghana. She has participated in various leadership programmes locally in South Africa and internationally at INSEAD (France) IMD (Switzerland) and SAID Business School (Oxford).

She is a Non-Executive Director of Maersk South Africa and also a Non-Executive Director of Legacy Girls College in Ghana. She was appointed to the SCB Zimbabwe Board of Directors in August 2016 as a Non-Executive Director, as well as a member of the Board Risk Committee.

Ferdinand Pieterse (Non-Executive Director)

Ferdie is a seasoned banker, currently employed as the Chief Operating Officer of Standard Chartered Bank for Africa and Middle East (AME) since September 2013. He is based in the Bank’s Johannesburg Office, and he covers 25 countries in the AME Region. In his role, he provides support to the AME Chief Executive Officer and Group Chief Operating Officer in executing the business strategy, reinforcing exemplary control and governance, enabling business growth through region focused projects and productivity, leading functional alignment and delivering global processes and controls. He was appointed to the SCB Zimbabwe Board of Directors on 23 March 2017 as a Non-Executive Director as well as a member of the Board Risk Committee and also serves as Non-Executive Director on the Board of SCB Pakistan Limited and as member of their Audit Committee.

Prior to his joining Standard Chartered Bank, he held various executive positions at The Kelly Group Limited between July 2010 and February 2013, including Chief Operating Officer and Executive Director. Between 2006 and 2009, he was the Chief Financial Officer for Citi Bank’s operations in Africa, and prior to that from 1997, he held various senior positions in the Nedbank Group Limited. Ferdie is a Charterted Accountant by training, and he completed his B. Compt(Hons) Degree with UNISA in 1996, then went on to do his articles with Deloitte and Touche.

Mubaiwa Mubayiwa (Head, Commercial Banking, Zimbabwe and Southern Africa)

Mubaiwa is Head of Commercial Banking he was appointed to his current role in December 2015 after a two year stint as Head for Financial Markets in Zimbabwe from 2013. He assumed additional responsibilities for Commercial Banking Southern Africa Region in 2017. Mubaiwa has also held different managerial positions in various African countries over the past 20 years he has been with the Bank. Key roles held include Head of Sales in Cameroon in 2006 and Head of Wholesale Banking in Sierra Leone in 2008. He joined the Bank on the Africa Regional Management Trainee program after graduating from The University of Zimbabwe with a Bachelor of Science Degree in Economics. He is also a holder of a Chartered Institute of Management Accountants (CIMA) qualification.

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