BancABC, the banking arm of ABC Holdings Limited, has appointed Lance Mambondiyani as the Managing Director of BancABC Zimbabwe.
The appointment
was announced by ABC Holdings CEO Sanjeev Anand in a Tuesday statement.
“We are pleased to
inform you that, following regulatory approval, Dr Lance Mambondiani has been
appointed as Managing Director and CEO for BancABC Zimbabwe with effect from 1
July 2019.”
The appointment comes follows
the pending retirement of the bank’s managing director Joseph Sibanda who has
been with the bank since 2000.
Mambondiani recently resigned from his job as Steward Bank boss after four years of service with the ambitious financial institution.
Dr
Lance is credited with
turning Steward Bank from a loss making institution, into one of Zimbabwe’s top
three banks in under five years.
