Seasoned banker Madinga appointed CEO Standard Bank of MalawI

Malawian seasoned banker, Phillip Madinga, has been appointed Chief Executive  Officer (CEO) for Standard Bank-Malawi,  promoted from Head of Personal and Business Banking.

Madinga returned to Standard Bank in January  from NBS Bank plc where he was  chief commercial officer.

Before joining NBS Bank plc , Madinga made a surprise resignation from FMB Bank plc where he was Group General Manager for Corporate and Commercial Banking.

He is  a former Managing Director at FDH bank before moving to FMB Bank and then NBS Bank plc.

Madinga holds a bachelor of Social Science, Economics from the University of Malawi, bachelor of Business Administration (Honours) from Stellenbosch Business School and a Master of Business Administration from University of Stellenbosch Business School.

He has held senior positions in different institutions. From 2002 to 2005, he was Head of Corporate Banking for Ecobank, previously known as Loita Investment Bank.

In 2005, he was appointed Head of Corporate and Investment Banking for Standard Bank, a position he held until 2008 when he was promoted to Director for Corporate and Investment Banking until 2013.

In 2013, Madinga left Standard Bank to join FDH Bank as it’s Managing Director.

In 2016, he left FDH Bank and joined First Capital Bank, then known as First Merchant Bank, as its Group General Manager responsible for Corporate and Commercial Banking.

A year later, in 2017, Madinga left First Capital Bank to Join NBS Bank as Chief Commercial Officer.

In January this year, he left NBS Bank to return to Standard Bank as Head of Personal and Business Banking, a post he has held for 7 months until his recent appointment as the Bank’s Chief Executive Officer.

Madinga will take over from William Le Roux, a South African.

Standard Malawi is a subsidiary of South Africa’s Standard Bank Group, Africa’s biggest financial services provider by assets.