CDHIB new CEO pledges tobuild strong specialist bank

CDH Investment Bank (CDHIB) newly appointed chief executive officer and managing director Thoko Mkavea says his goal is to build a strong specialist bank that embraces the future and delivers on its promises.

He said in a speech on Friday in Blantyre during a CDHIB CEO Engagement Cocktail that the bank will go beyond traditional banking, delving into governance, planning, research and advisory.

“While the world undergoes rapid change and society faces uncertainties, CDH Investment Bank stands poised for opportunities,” said Mkavea

He said CDHIB, which transformed from Continental Discount House Limited 12 years ago, will continue to partner experts to advise governments and corporates to ensure impactful project completion.

“Our commitment extends from conceptualisation to closing, linking international investors with Malawi and facilitating national development initiatives,” said Mkavea, who will be deputised by Beatrix Mosiwa, who also doubles as executive director.

Mkavea, who has taken over from Kwame Ahadzi of Ghana who served in the position for two years, said flexibility and agility will characterise their approach going forward by responding to diverse and rapidly changing needs.

Speaking earlier, CDHIB board director Kofi Sekyere said the bank has served as a market marker, creating liquidity and facilitating financial flows with the Reserve Bank of Malawi.

He said: “We aspired to be a unique institution offering a blend of investment banking, advisory and corporate finance services with a special focus on investment banking.”

CDHIB opened for business on April 2 2012 following conversion from Continental Discount House Limited which had operated in Malawi for 14 years.

The bank is a subsidiary of Continental Holdings Limited and the other firms within the group include Continental Asset Management Limited, Continental Capital Limited, Continental Properties Limited and CDH Commodities Limited.