NBS Bank plc board says it is confident that newly appointed chief executive officer (CEO) Temwani Simwaka will bring a wealth of experience and a bold vision that aligns with the Malawi Stock Exchange-listed bank’s strategic ambitions.
“Her deep understanding of the financial landscape, coupled with her proven track record in driving transformation, positions her ideally to lead NBS Bank into its next phase of growth and innovation,” said the bank’s company secretary Marsha Machika when announcing the appointment of Simwaka.
She takes over the mantle from Kwenele Ngwenya, who has been at the helm of the bank from April 1 2017.
In the statement, NBS Bank said Simwaka brings over 25 years of “strategic executive leadership in the financial industry”.
“She has been key in the bank’s transformation journey, serving with distinction as deputy chief executive officer. Notably, she led the successful migration of the bank’s core banking system, one of the most significant upgrades in recent years,” reads the statement from the bank.
Simwaka is a certified public accountant and a Fellow of the Association of Chartered Certified Accountants. She also holds a bachelor of commerce (Accountancy) degree and a diploma in business studies from Malawi University of Business and Applied Sciences, formerly The Polytechnic.
NBS Bank plc is one of the country’s five banks listed on the 16-counter MSE. The others are FDH Bank plc, National Bank of Malawi plc, Standard Bank plc and FMB Capital Holdings, the parent company of First Capital Bank.
