Former Mighty Wanderers player and seasoned banker, Philip Madinga has been appointed as the new Managing Director of FDH Bank Limited effective July 4, 2013.
FDH Bank Limited is a subsidiary of FDH Financial Holdings Limited which is owned by business magnate Thom Mpinganjira.
Prior to joining the FDH family, Madinga worked with Standard Bank Limited where he initially joined in 2005 as Head of Corporate Banking and rose to the position of Head of Corporate and Investment Banking until the time of his departure.
With over 19 years banking experience, the former footballer started his career at Investment and Development Bank (now being called Indebank) as a Projects Monitoring Officer in 1994.
He later joined Nedbank Malawi Limited as Deputy Head of Credit Risk Management before joining Eco Bank as Branch Manager and Head of Corporate Banking.
Madinga hold an MBA and a Bachelor of Business of Administration and Management, both from the University Stellenbosch, Graduate School of Business.
He also holds a Bachelor of Social Science majoring in economics. Besides his work experience and academic qualifications, Madinga completed an Executive Development Programme as the University of Stellenbosch Graduate Business School, in addition to attending several renowned leadership, technical and management training programmes.
“Mr. Madinga is a seasoned banker and brings with him a wealth of experience and expertise, especially in the corporate and investment banking, credit risk, structured trade and commodity finance, transactional banking and relationship management, that will steer the operations of FDH Bank to greater heights,” says Mpinganjira, who is also the Chief Executive of FDH Financial Holding Limited.