FDH Bank hires Ivory Coast’s Ouattara as MD

FDH Financial Holdings Group—the parent company of FDH Bank which acquired 75 percent stake in the previously wholly State-owned Malawi Savings Bank (MSB) in July— has hired an Ivorian Tennie Ouattara as new Managing Director.

Ouattara: New FDH Bank boss

Ouattara: New FDH Bank boss

Ouattara, described by FDH as a season banker,  has more than 20 years experience working in banking and financial industry in different countries in Africa.

Chairperson of FDH, Eric Sankhulani said the new managing director  has “vast skills in credit, risk management, strategy development, and implementation.”

He is also touted as a “great leader.”

The Ivorian comes to replace  Phillip Madinga who resigned from his position.

Madinga, a Stellenbosch University MBA holder,  well known in the banking sector for his strong leadership credentials, joined First Merchant Banl.

He served in top positions as head of corporate banking at Ecobank (formerly Loita Investment Bank) between 2002 and 2005 before joining Standard Bank Malawi Limited as director of corporate and investment banking and later joined FDH Bank.

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12 thoughts on “FDH Bank hires Ivory Coast’s Ouattara as MD”

  1. Mahope says:

    Musamale. Ndi mmene Mark Katsonga analuzila Candlex Mlimited zolemba anthu akunja. pano ndi awa bwezi ali olemera koopsya

  2. che ballotelli says:

    money laundering iyooooo. mpinganjira cant manage the bank he stole from kingdom bank of zimbabwe.. and merging it with another stolen bank from the public hehehe… akhala muli wina pompano

  3. The Analyst says:

    O………………………………………………………………………………………………………………………………………………………………………………………………………………………………O
    XENOPHOBIA

    People are strange . . .
    . . . Who, in their right frame of mind; believes that a Malawian would do this job better than this Ivorian, by the mere fact of being Malawian?
    . . . And who doesnt know that Mpinganjira’s reputation now, is lower than lowest (with the dubious MSB acquisition and shameful K1.1bn refund-claim); and that he is trying to pick up his broken pieces?
    . . . should we be surprised therefore that he’s roped in this Ivorian?
    …………………………………………………………………………….
    Let it be known that . . .
    . . . There are certain kind of jobs in the market which are primarily filled up by poaching.
    If you want to become a commercial bank’s Head of Treasury, for instance; you just have to be a skillful dealer, and fat carrots will effortlessly come dangling. The same is also true with this MD job.
    . . . Is it a crime therefore, for Mpingangira to poach from outside?
    Let it be known also that . . .
    . . . Such a statement as “are there no Malawians who can equally do this job” is synonymous, in quantity and quality; with “foreigners are taking up our jobs”; and are xenophobic in nature. And should be avoided, at all cost.
    . . . As long as there are no laws regulating the same, anybody can work anywhere, long as they have the skill, qualification and are suitable and more likable.
    O………………………………………………………………………………………………………………………………………………………………………………………………………………………………O

  4. boy says:

    All decisions are made by Tom. This guy is just there as a scape goat. Mpinganjira does everything, he knows to the last detail including who your father is or husband and names of your children. The guy works through rumour mongering.

  5. Income says:

    The problem with FDH bank is run like a family business hence it cannot retain the cream since its inception.Nobody wants to work at FDH.Malawian cream can’t work at FDH, and kiss Mpinganjira’s ass.Lots people left FDH since 2008 because of bedroom decisions made by the family without following proper procedures. Its a bank which presents a well manicured facade, but behind the building its a shitty place to work.

  6. Abiti says:

    You mean you cant find any banker to do this job in Malawi? what credentials are here which Malawian bankers don’t have? za ziiiiiiiii

  7. angoni says:

    I guess they are looking for a puppet. ever wondered why a seasonal banker like Madinga left? Who wants to be an MD of an institution where your decisions are overturned by a family meeting at home without consulting you?

  8. master says:

    so Malawi doesnt have such skilled guys? u mean all Malawians are madeya? zoona? in this fragile economy u have guts to look outside for an MD? sad

    1. golo says:

      Its a good business decision by FDH. This is a key strategic position and most organisations in Malawi are in need of such kind of approach taken by FDH. We have a problem in Malawi of our top management since they are local of hiring friends and siblings in organisations to such an extent one can employ a whole village into the company and bringing company productivity Such rot can stop with the hiring of top management positions with people who have no knowledge of friendships and akumudzi syndrome prevalent in our country..

  9. Dddddd says:

    Serious kunalibe Malawian?

    1. Piche Yakiti says:

      Laston Chilando osampatsa udindowu bwanji?

    2. Phiri says:

      Malawians were not applying so they could not be forced

Comments are closed.